IDEAS home Printed from https://ideas.repec.org/p/cpr/ceprdp/18851.html
   My bibliography  Save this paper

High-Rise Housing and Urban Sustainability

Author

Listed:
  • kyriakopoulou, Efi
  • Lu, Tingmingke
  • Patacchini, Eleonora
  • Strale, Jonathan

Abstract

This paper investigates the impact of social interactions on housing investment decisions using comprehensive longitudinal micro-level data from the entire Swedish population and sales data detailing the physical attributes of the nation’s housing stock. The primary objective is to understand how social contacts influenced families’ decisions to purchase apartments in high-rise buildings between 2012 and 2020, as opposed to other nearby, similar, and affordable housing options following relocation. The study uncovers compelling evidence that social contacts influence individuals’ choices regarding high-rise living. In particular, having a peer that already lives in a high-rise increases by more than 50 percent the propensity to purchase an apartment into a high-rise building in a given area. This suggests that information obtained through social networks positively shapes preferences for high-rise apartments, mitigating concerns about changes in living habits. The results show the importance of considering social dynamics in urban development strategies and policy making aimed at fostering sustainable and efficient housing choices.

Suggested Citation

  • kyriakopoulou, Efi & Lu, Tingmingke & Patacchini, Eleonora & Strale, Jonathan, 2024. "High-Rise Housing and Urban Sustainability," CEPR Discussion Papers 18851, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:18851
    as

    Download full text from publisher

    File URL: https://cepr.org/publications/DP18851
    Download Restriction: CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Social Networks;

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

    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:cpr:ceprdp:18851. 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: the person in charge (email available below). General contact details of provider: https://www.cepr.org .

    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.