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Pressure and suction on housing markets: a critical reply to Priemus

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  • Manuel Aalbers

Abstract

In a recent issue of this journal Priemus discusses the implications of the shift in the Dutch housing market from suction to pressure. He rightly asserts that the impact made by surpluses on a market differs from that made by shortages, and that this difference will lead to a new generation of housing policies. However, he largely ignores regional differences. Priemus’s suggestions for housing policy in regional housing markets with pressure are worth considering and refreshing, but should be taken with much caution in regional housing markets with suction. This paper elaborates on the findings of Priemus and theorizes housing market pressure/suction on a regional level as well as in different segments within the housing market. It also deals with the negative external effects of a more liberalized housing policy for other social, urban and spatial policies. It is argued that Priemus’s set of instruments for a new housing policy should be supplemented with pressure/suction-based policies on urban renewal and land policy.

Suggested Citation

  • Manuel Aalbers, 2003. "Pressure and suction on housing markets: a critical reply to Priemus," European Journal of Housing Policy, Taylor and Francis Journals, vol. 3(1), pages 61-81.
    • Handle: RePEc:taf:eurjhp:v:3:y:2003:i:1:p:61-81
    DOI: 10.1080/1461671032000071164
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    Cited by:

    1. Tom Kauko, 2004. "Sign Value, Topophilia, and the Locational Component in Property Prices," Environment and Planning A, , vol. 36(5), pages 859-878, May.

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