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Urban house price gradients in the post-COVID-19 era

Author

Listed:
  • Volker Ziemann
  • Manuel Bétin
  • Alexandre Banquet
  • Rudiger Ahrend
  • Boris Cournède
  • Maria Paula Caldas
  • Marcos Diaz Ramirez
  • Pierre-Alain Pionnier
  • Daniel Sanchez-Serra
  • Paolo Veneri

Abstract

The COVID-19 pandemic has led to a significant shift in the way people work, with an increasing number of individuals opting to work from home. Fewer commutes allow people to live further away from the city centre, where jobs typically concentrate. Against this background, this paper tests the hypothesis of a shift in housing demand away from the city centre towards the suburbs using a novel granular house price data set covering 16 OECD countries. The results indicate a flattening of the house price gradients in most large urban areas with profound consequences for housing policies and the city of the future.

Suggested Citation

  • Volker Ziemann & Manuel Bétin & Alexandre Banquet & Rudiger Ahrend & Boris Cournède & Maria Paula Caldas & Marcos Diaz Ramirez & Pierre-Alain Pionnier & Daniel Sanchez-Serra & Paolo Veneri, 2023. "Urban house price gradients in the post-COVID-19 era," OECD Economics Department Working Papers 1756, OECD Publishing.
    • Handle: RePEc:oec:ecoaaa:1756-en
    DOI: 10.1787/3c94ca85-en
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    Cited by:

    1. Norbert Pfeifer & Miriam Steurer, 2024. "Stabilizing Geo-Spatial Surfaces in Data-Sparse Regions - An Application to Residential Property Prices," Graz Economics Papers 2024-11, University of Graz, Department of Economics.

    More about this item

    Keywords

    COVID-19; digitisation; geospatial economics; housing; teleworking; working from home;
    All these keywords.

    JEL classification:

    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

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