IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2024-094.html
   My bibliography  Save this paper

New work patterns and housing location choices

Author

Listed:
  • Xiaodan Liu
  • Anupam Nanda
  • Sotirios Thanos

Abstract

Distance and commuting costs are well established as key determinants of location choice for a place of work and a place of residence. Technological changes in recent decades have greatly affected these factors. Triggered by the COVID-19 pandemic, there is now widespread adoption of various forms of flexible working, work-from-home (WFH), and hybrid working, and those are expected to continue to shape working patterns. As workers are increasingly able to choose residence locations farther away from the place they work, it raises a significant question: how are urban markets affected by the introduction of new ways of working? In this study, a spatial equilibrium model is employed with data from all regions of England to analyse changes in the distribution of population and income and their impacts on real estate markets, considering household heterogeneity and local amenity diversity. We also analyse the implications of this new sorting and look at the possibility of the inequality gap widening due to varying levels of access to new work patterns. This research has substantial implications for policymaking and investment decisions.

Suggested Citation

  • Xiaodan Liu & Anupam Nanda & Sotirios Thanos, 2024. "New work patterns and housing location choices," ERES eres2024-094, European Real Estate Society (ERES).
  • Handle: RePEc:arz:wpaper:eres2024-094
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2024-094
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    England; Housing location choice; New sorting; Work from Home;
    All these keywords.

    JEL classification:

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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arz:wpaper:eres2024-094. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/eressea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.