- Autor
- Głuszak Michał (Cracow University of Economics, Poland), Belniak Stanisław (Cracow University of Economics, Poland)
- Tytuł
- The COVID-19 Pandemic and Housing Markets in Selected European Countries : Lessons Learnt and Policy Implications
- Źródło
- 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 - Uwagi
- Klasyfikacja JEL: I15; R21; R31; R38
summ. - Abstrakt
- 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 SGH im. Profesora Andrzeja Grodka - Pełny tekst
- Pokaż
- Bibliografia
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- Cytowane przez
- ISSN
- 1898-3529
- Język
- eng
- URI / DOI
- http://dx.doi.org/10.15678/ZP.2020.53.3.04