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International Migration, Housing Demand and Access to Homeownership in the UK

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  • Christian Nygaard

Abstract

Since the mid 1980s, the UK has experienced a prolonged period of net international migration with debate as to its impact on economic benefits and costs. A third of projected new households in the next 15–20 years are expected to come from net migration. This article examines international migration and housing demand in light of the conventional understanding of British housing markets and the extent to which there are differences in demand and access to homeownership across international migrant groups. Demographic and socioeconomic factors as well as length of residence are found to be significant determinants of homeownership. However, there are also differences in homeownership attainment that may be related to ethno-cultural differences or unobserved wealth effects and mortgage market institutional factors. The role of socioeconomic factors has implications for skills-based migration to the UK if a policy concern is house price pressure and migration.

Suggested Citation

  • Christian Nygaard, 2011. "International Migration, Housing Demand and Access to Homeownership in the UK," Urban Studies, Urban Studies Journal Limited, vol. 48(11), pages 2211-2229, August.
    • Handle: RePEc:sae:urbstu:v:48:y:2011:i:11:p:2211-2229
    DOI: 10.1177/0042098010388952
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    References listed on IDEAS

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    Cited by:

    1. Volker Grossmann & Andreas Schäfer & Thomas Steger, 2013. "Migration, Capital Formation, and House Prices," CESifo Working Paper Series 4146, CESifo.
    2. Grossmann, Volker & Schäfer, Andreas & Steger, Thomas & Fuchs, Benjamin, 2017. "Reversal of migration flows: A fresh look at the German reunification," Journal of International Economics, Elsevier, vol. 109(C), pages 1-15.
    3. David Byrne & David Duffy & John FitzGerald, 2018. "Household Formation and Tenure Choice: Did the Great Irish Housing Bust Alter Consumer Behaviour?," The Economic and Social Review, Economic and Social Studies, vol. 49(3), pages 287-317.
    4. Grossmann, Volker & Schäfer, Andreas & Steger, Thomas M., 2015. "On the Interaction Between Migration, Capital Formation, and the Price for Housing Services," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113172, Verein für Socialpolitik / German Economic Association.
    5. Geoffrey Meen, 2012. "The Adjustment of Housing Markets to Migration Change: Lessons from Modern History," Scottish Journal of Political Economy, Scottish Economic Society, vol. 59(5), pages 500-522, November.

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