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Analyzing Pre- and Post-Pandemic Housing Market Trends in India: A Quasi-Experimental Approach Using ITS and Panel Data Analysis

Author

Listed:
  • Muskan Dugar

    (Jain Deemed to be University, Bangalore)

  • Trupti Dandekar Humnekar

    (Jain Deemed to be University, Bangalore)

  • V Moovendhan

    (Jain Deemed to be University, Bangalore)

Abstract

The research delves into the influence of pre- and post-pandemic real estate housing price indices of cities in India. Using an interrupted time series analysis and panel data regression, this study evaluates the repercussions of the COVID-19 pandemic on residential housing in ten Indian cities over a span of thirteen years from 2010 to 2023. The results present a medley of outcomes on city-level trends, a prevailing postpandemic downturn observable across cities, and a subsequent positive shift as compared to pre-pandemic standards. The study brings to light the diverse impact and shock insulation exhibited by smaller cities, thus unveiling the variations among different cities.

Suggested Citation

  • Muskan Dugar & Trupti Dandekar Humnekar & V Moovendhan, 2024. "Analyzing Pre- and Post-Pandemic Housing Market Trends in India: A Quasi-Experimental Approach Using ITS and Panel Data Analysis," International Real Estate Review, Global Social Science Institute, vol. 27(3), pages 393-411.
    • Handle: RePEc:ire:issued:v:27:n:03:2024:p:393-411
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    References listed on IDEAS

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    1. Nadia Balemi & Roland Füss & Alois Weigand, 2021. "COVID-19’s impact on real estate markets: review and outlook," Financial Markets and Portfolio Management, Springer;Swiss Society for Financial Market Research, vol. 35(4), pages 495-513, December.
    2. Rosenthal, Stuart S. & Strange, William C. & Urrego, Joaquin A., 2022. "JUE insight: Are city centers losing their appeal? Commercial real estate, urban spatial structure, and COVID-19," Journal of Urban Economics, Elsevier, vol. 127(C).
    3. Baris K. Yörük, 2020. "Early Effects of the Covid-19 Pandemic on Housing Market in the United States," CESifo Working Paper Series 8333, CESifo.
    4. Anupam Nanda & Stephen Ross, 2012. "The Impact of Property Condition Disclosure Laws on Housing Prices: Evidence from an Event Study Using Propensity Scores," The Journal of Real Estate Finance and Economics, Springer, vol. 45(1), pages 88-109, June.
    5. Martin Hoesli & Richard Malle, 2022. "Commercial real estate prices and COVID-19," Post-Print hal-03611776, HAL.
    6. Anundsen, André Kallåk & Kivedal, Bjørnar Karlsen & Røed Larsen, Erling & Thorsrud, Leif Anders, 2023. "Behavioral changes in the housing market before and after the Covid-19 lockdown," Journal of Housing Economics, Elsevier, vol. 59(PB).
    Full references (including those not matched with items on IDEAS)

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