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Housing in Europe: a different continent - a continent of differences

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  • Cheshire, Paul C.
  • Hilber, Christian A. L.

Abstract

This article provides the introduction to the special issue on ‘Housing in Europe: a different continent – a continent of differences’ in the Journal of Housing Economics in 2018. Europe is a large continent with a long and rich history, consisting of around 50 countries with vastly different institutional settings and government policies for housing and an abundance of quasi-natural experiments. Some countries have remarkably rich public data and some institutions and policy assumptions are all but the opposite of those familiar to US institutions. In this introduction we briefly outline the seven papers of this issue that exploit in one way or another this extraordinary richness for research. Each paper provides novel insights and has important implications. Collectively, they illustrate the potential opportunities for new and exciting research on housing in Europe.

Suggested Citation

  • Cheshire, Paul C. & Hilber, Christian A. L., 2018. "Housing in Europe: a different continent - a continent of differences," LSE Research Online Documents on Economics 90645, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:90645
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    File URL: http://eprints.lse.ac.uk/90645/
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    References listed on IDEAS

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    1. Gabriel M. Ahlfeldt & Stephen J. Redding & Daniel M. Sturm & Nikolaus Wolf, 2015. "The Economics of Density: Evidence From the Berlin Wall," Econometrica, Econometric Society, vol. 83, pages 2127-2189, November.
    2. Rouwendal, Jan & Keus, Adriaan & Dekkers, Jasper, 2018. "Gentrification through the sale of rental housing? Evidence from Amsterdam," Journal of Housing Economics, Elsevier, vol. 42(C), pages 30-43.
    3. Ehrlich, Maximilian V. & Hilber, Christian A.L. & Schöni, Olivier, 2018. "Institutional settings and urban sprawl: Evidence from Europe," Journal of Housing Economics, Elsevier, vol. 42(C), pages 4-18.
    4. Kirsch, Steffen & Burghof, Hans-Peter, 2018. "The efficiency of savings-linked relationship lending for housing finance," Journal of Housing Economics, Elsevier, vol. 42(C), pages 55-68.
    5. Lyons, Ronan C., 2018. "Credit conditions and the housing price ratio: Evidence from Ireland’s boom and bust," Journal of Housing Economics, Elsevier, vol. 42(C), pages 84-96.
    6. Eerola, Essi & Saarimaa, Tuukka, 2018. "Delivering affordable housing and neighborhood quality: A comparison of place- and tenant-based programs," Journal of Housing Economics, Elsevier, vol. 42(C), pages 44-54.
    7. Røed Larsen, Erling, 2018. "Can monetary policy revive the housing market in a crisis? Evidence from high-resolution data on Norwegian transactions," Journal of Housing Economics, Elsevier, vol. 42(C), pages 69-83.
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    Cited by:

    1. Ulrich B. Morawetz & H. Allen Klaiber, 2022. "Does housing policy impact income sorting near urban amenities? Evidence from Vienna, Austria," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 69(2), pages 411-454, October.

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    More about this item

    Keywords

    Europe; land and housing markets; institutional settings; regulation; affordability; tenure; urban sprawl; social housing; privatization; relationship lending; monetary policy; credit conditions;
    All these keywords.

    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • G2 - Financial Economics - - Financial Institutions and Services
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • P3 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location
    • R5 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis

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