BazEkon - Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie

BazEkon home page

Meny główne

Głuszak Michał (Cracow University of Economics, Poland / Kolegium Ekonomii, Finansów i Prawa), Belniak Stanisław (Cracow University of Economics, Poland / Kolegium Ekonomii, Finansów i Prawa)
The COVID-19 Pandemic and Housing Markets in Selected European Countries : Lessons Learnt and Policy Implications
Zarządzanie Publiczne / Uniwersytet Ekonomiczny w Krakowie, 2020, nr 3 (53), s. 48-59, rys., bibliogr. 24 poz.
Public Governance
Słowa kluczowe
Rynek mieszkaniowy, Polityka mieszkaniowa, COVID-19
Housing market, Housing policy, COVID-19
Klasyfikacja JEL: I15; R21; R31; R38
Objectives: The impact of the COVID-19 pandemic has serious economic and social consequences - global, regional, and local. The overall goal of the paper is to investigate the dynamics of housing markets in selected European countries during the first phase of the COVID-19 pandemic.

Research Design & Methods: We evaluate housing indicators in three European countries: Spain, Italy, and the UK. We explore house prices and other housing market indicators, such as transaction volume or rents. The paper also discusses major policy concerns regarding the effects of COVID-19 on housing welfare and urban transformations.

Findings: We found out that the COVID-19 pandemic had a strong impact on housing transaction volume and housing preferences. We observed a transitionary house price decrease in the UK, but no significant effect was detected in Italy and Spain.

Implications / Recommendations: Due to concerns related to housing affordability and overwhelming housing costs, housing policy should target vulnerable group of tenants and property owners.

Contribution / Value Added: Despite some obvious transmission mechanisms, the effects of the pandemic on the real estate sector have not been investigated comprehensively in the real-estate, housing, or urban literature to date. This paper aims to fill this gap by discussing the consequences of the pandemic on the housing sector in Europe. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej w Warszawie
Pełny tekst
  1. Benavides, A. D., & Nukpezah, J. A. (2020). How Local Governments Are Caring for the Homeless During the COVID-19 Pandemic. The American Review of Public Administration, 50(6-7), 650-657. https://
  2. Del Giudice, V., De Paola, P., & Del Giudice, F. P. (2020). COVID-19 infects real estate markets: Short and mid-run effects on housing prices in Campania region (Italy). Social Sciences, 9(7), 114. https://
  3. Durizzo, K., Asiedu, E., Van der Merwe, A., Van Niekerk, A., & Günther, I. (2021). Managing the COVID-19 pandemic in poor urban neighborhoods: The case of Accra and Johannesburg. World Development, 137, 105175. worlddev.2020.105175
  4. Ghosh, A., Nundy, S., Ghosh, S., & Mallick, T. K. (2020). Study of COVID-19 pandemic in London (UK) from urban context. Cities, 106, 102928. https://
  5. Glover, A., Heathcote, J., Krueger, D., & Rios-Rull, J.-V. (2020). Health versus Wealth: On the Effects of Controlling a Pandemic. SSRN Electronic Journal, (May), 0-48.
  6. Gong, D., Jiang, T., & Lu, L. (2020). Pandemic and bank lending: Evidence from the 2009 H1N1 pandemic. Finance Research Letters, 101627. https://
  7. Hale, T., Webster, S., Petherick, A., Phillips, T., & Kira, B. (2020). Oxford COVID-19 Government Response Tracker, Blavatnik School of Government. Johns Hopkins University Center for Systems Science and Engineering.
  8. Halifax (2020). Halifax UK: House Price Index. June 5, 2020, house-price-index/ (accessed: June 14, 2020).
  9. Hu, M. R., Lee, A. D., & Zou, D. (2021). COVID-19 and Housing Prices: Australian Evidence with Daily Hedonic Returns. Finance Research Letters, 101960.
  10. (2021). The most sought-after property types in Italy. Idealista. property-for-sale-in-italy/2021/05/17/34271-themost- sought-after-property-types-in-italy.
  11. Kholodilin, K. (2020). Housing Policies Worldwide during Coronavirus Crisis: Challenges and Solutions, June 2020, 73/ pdf (accessed: June 19, 2020).
  12. Marona, B., & Tomal, M. (2020). The COVID-19 pandemic impact upon housing brokers' workflow and their clients' attitude: The real estate market in Krakow. Entrepreneurial Business and Eco-nomics Review, 8(4), 221-232. EBER.2020.080412
  13. Megahed, N. A., & Ghoneim, E. M. (2020). Antivirus-built environment: Lessons learned from Covid-19 pandemic. Sustainable Cities and Society, 61, 102350.
  14. Mericle, A. A., Sheridan, D., Howell, J., Braucht, G. S., Karriker-Jaffe, K., & Polcin, D. L. (2020). Sheltering in place and social distancing when the services provided are housing and social support: The COVID-19 health crisis and recovery housing. Journal of Substance Abuse Treatment, 119, 108094.
  15. NRLA (2020). Coronavirus and Landlords: A Followup survey, The National Residential Landlords' Association, May 2020, wp-content/uploads/051920-NRLA-CV-II_FINALPDF- VERSION_compressed.pdf (accessed: June 20, 2020).
  16. Qian, X., Qiu, S., & Zhang, G. (2021). The impact of COVID-19 on housing price: Evidence from China. Finance Research Letters, 101944. https://
  17. RICS (2020a). UK Residential Market Survey: April 2020, media/knowledge/research/market-surveys/4._web_- april_2020_rics_uk_residential_market_survey_final. pdf (accessed: June 19, 2020).
  18. RICS (2020b). UK Residential Market Survey: May 2020, media/knowledge/research/market-surveys/ukresidential- market-survey-may-2020.pdf (accessed: June 19, 2020).
  19. Sethi, M., & Mittal, S. (2020). Improvised rental housing to make cities COVID safe in India. Cities, 106, 102922.
  20. Sidders, J. (2020). Housing's Covid Clause. Bloomberg.
  21. Speak, C. (2020). What will happen to house prices in Italy after the coronavirus crisis? June 10, 2020, house-prices-in-italy-after-the-coronavirus-crisis (accessed: June 22, 2020).
  22. Su, C.-W., Cai, X.-Y., Qin, M., Tao, R., & Umar, M. (2021). Can bank credit withstand falling house price in China? International Review of Economics & Finance, 71, 257-267. iref.2020.09.013
  23. Zama, J. (2020). The impact of COVID-19 on the property market in Italy, May 13, 2020, zhttps://www. property-market-in-italy/ (accessed: June 19, 2020).
  24. Zhao, B. (2020). COVID-19 pandemic, health risks, and economic consequences: Evidence from China. China Economic Review, 64, 101561. https://doi. org/10.1016/j.chieco.2020.101561
Cytowane przez
Udostępnij na Facebooku Udostępnij na Twitterze Udostępnij na Google+ Udostępnij na Pinterest Udostępnij na LinkedIn Wyślij znajomemu