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Factors Influencing Tenure Choice in European Countries

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  • Monika Bazyl

Abstract

"Homeownership rates are very different across European countries. They range from below 50% in Germany to over 80% in Greece, Spain or Ireland. However the differences lie not only in the overall homeownership rates but also in its structure, and this is the focus of this paper. Its aim is to study the impact of microeconomic factors on householdís tenure choice, using a cross-country comparative approach. Logit models are constructed for each country using data for year 2000 from the Consortium of Household Panels for European Socio-Economic Research micro-database. The models show that marriage is a significant determinant of the decision to move to homeownership in all analysed countries, while co- habitating households are more likely to rent, except for Denmark. Nationality, income and age proved to be significant explanatory variables in several countries, while staying insignificant in others.""

Suggested Citation

  • Monika Bazyl, 2009. "Factors Influencing Tenure Choice in European Countries," ERES eres2009_106, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2009_106
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    References listed on IDEAS

    as
    1. Mary O'Mahony & Marcel P. Timmer, 2009. "Output, Input and Productivity Measures at the Industry Level: The EU KLEMS Database," Economic Journal, Royal Economic Society, vol. 119(538), pages 374-403, June.
    2. Mark Andrew & Geoffrey Meen, 2003. "Housing Transactions and the Changing Decisions of Young Households in Britain: The Microeconomic Evidence," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 31(1), pages 117-138, March.
    3. Cristina Barceló, 2003. "Housing Tenure and Labour Mobility: A Comparison Across European Countries," Working Papers wp2003_0302, CEMFI.
    4. Mark Andrew, 2004. "A Permanent Change in the Route to Owner Occupation?," Scottish Journal of Political Economy, Scottish Economic Society, vol. 51(1), pages 24-48, February.
    5. Bourassa, Steven C, 2000. "Ethnicity, Endogeneity, and Housing Tenure Choice," The Journal of Real Estate Finance and Economics, Springer, vol. 20(3), pages 323-341, May.
    6. El-Kahal, Sonia, 2001. "Business in the Asia Pacific," OUP Catalogue, Oxford University Press, number 9780198782193.
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    Cited by:

    1. Dagmar Špalková & Jiøí Špalek, 2013. "Housing Tenure Choice and Housing Expenditures in the Czech Republic," MUNI ECON Working Papers 11, Masaryk University, revised Aug 2013.
    2. Wouter Vangeel & Laurens Defau & Lieven De Moor, 2024. "Influence of a Mortgage Interest Deduction on Homeownership Attainment of European Households," International Real Estate Review, Global Social Science Institute, vol. 27(1), pages 33-79.
    3. Philippe Van Kerm, 2013. "Generalized measures of wage differentials," Empirical Economics, Springer, vol. 45(1), pages 465-482, August.
    4. Martin Lux & Tomáš Samec & Vojtech Bartos & Petr Sunega & Jan Palguta & Irena Boumová & Ladislav Kážmér, 2018. "Who actually decides? Parental influence on the housing tenure choice of their children," Urban Studies, Urban Studies Journal Limited, vol. 55(2), pages 406-426, February.
    5. Braun, Frauke G., 2010. "Determinants of households' space heating type: A discrete choice analysis for German households," Energy Policy, Elsevier, vol. 38(10), pages 5493-5503, October.

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    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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