House prices and income tax in the Netherlands: an international perspective

A sharp drop in prices on the home owner market is not only hard to predict but also the reason why many politicians would prefer to implement any tax changes gradually, if at all. Against this backdrop, the present study explores the relationship between a change in the personal income tax treatment of home ownership and a change in house prices. First, based on a literature study, it identifies the factors in the development of house prices. Then, using data from several European countries, it compares the effects of personal income tax reform on the development of house prices. As the comparison reveals, the method and timing of adjustments in the tax system have a strong influence on house price development. Furthermore, econometric modelling of the Dutch home owner market suggests that when the restrictions on tax concessions are less stringent, the real decline in house prices is not as steep and does not last as long.     

The changing space economy of cities and regions

Patrick Troy. Research School of social Sciences, ANU, Canberra. 1997. IBSN 0 7315 2812 3. 78pp RRP n/a. Paperback     

Housing prices and policy dilemmas: a peculiarly Australian problem?

House price inflation has a long tradition in Australia. By international standards the current housing boom is 'world class'; Australia, along with Britain, heads the OECD league table for house price increases. This article first describes the boom in Australian house prices, distinguishing the differences across geographic and dwelling type sub-markets. The drivers behind these changes are then discussed, ranging from short-term factors like interest rate levels and investor behaviour to longer-term factors like economic growth and demographic change. Institutional influences, notably tax regimes and land-use planning regulations, are also addressed. The article then considers the tendentious but timely question—'is Australia experiencing a speculative housing investment bubble and, if so, will it burst?' The article goes on to consider what the consequences or costs might be, in terms of the broader issues of macroeconomic policy.     

住宅价格的影响因素综述

本文从供需平衡、特征因素和房地产泡沫角度,对国外住宅价格影响因素的相关文献进行了回顾与总结,从土地、收入、税收、金融、区位等方面对国内最新研究成果进行归纳,并做了简要评析.     

‘Deliberative development’: Australia’s Baugruppen movement and the challenge of greater social inclusion

Abstract

German Baugruppen are the most well-known of the collaborative, self-organized alternatives to speculatively produced multi-residential housing, delivering housing at a significant price discount to market. However, Baugruppen have been criticized for excluding less affluent households with financing and social capital barriers identified by Hamiduddin and Gallent as reinforcing socio-economic stratification. Collaborative, self-organized housing is, however, under-researched and there has been scant attention to financing. Collaborative, self-organized multi-residential housing in Australia is known as ‘deliberative’ development to differentiate it from ‘speculative’ development. We draw on case studies of deliberative development in Australia to reveal how projects are financed and how financing impacts on social equity considerations. Proponents of contemporary deliberative development in Australia are deeply concerned about housing affordability and declining rates of home ownership. This has focused attention on development financing as a key to systemic change paving the way for inclusion of less wealthy households.     

The contribution of home value appreciation to us economic growth

Home value growth has played an important role in mitigating the effects of the 2001 US economic recession and sustaining subsequent economic growth. Home price appreciation builds home equity, which stimulates consumption expenditures in two ways. The first channel is through a wealth effect on consumption; a number of studies have found that the home equity wealth effect is much stronger than the stock equity wealth effect. Second, home equity extraction through first mortgage refinance or placing of second mortgages enables additional home improvement and consumer durable spending. Home values are driven by local economic conditions, not a valuation bubble; local markets with a strong economy will continue to enjoy house price growth above the national average, while weak economies will also experience weak house price performance.     

Immigrating,Assimilating, Cashing in? Analyzing Property Values in Suburbs of Immigrant Gateways

Assets like properties determine opportunities. Many immigrants have begun to bypass cities and move straight to suburbs. Until the recent house price crash, suburbs had been perceived as locations where appreciation rates were high, but this perception might no longer hold true. Not many studies have focused on suburban house prices with regard to race, ethnicity, and nativity. This study fills the gap in terms of nativity. This study uses data from the 2000 US Census and the 2005–2009 American Community Survey to perform regression analyses to analyze immigrant gateways as delineated by Singer (2008) with regard to median values of owner-occupied housing units and the factors that influence median values, while also differentiating between inner cities and suburbs. Results show that there are differences in terms of values and appreciation rates among suburbs of immigrant gateways, indicating different economic integration patterns.     

基于居家养老模式下的老年建筑探究--以万科无锡魅力之城老年住宅及邯郸市亚太世纪花园适老化改造为例

如何通过建筑设计的手段使老年人的生活、居住环境更加舒适安全,成为我们亟待解决的问题。本文通过对万科无锡魅力之城老年住宅和邯郸亚太世纪花园的住宅适老化改造的分析,对这两个方法--新建与改造,进行了阐述。     

基于居家养老模式下的老年建筑探究——以万科无锡魅力之城老年住宅及邯郸市亚太世纪花园适老化改造为例

如何通过建筑设计的手段使老年人的生活、居住环境更加舒适安全,成为我们亟待解决的问题。本文通过对万科无锡魅力之城老年住宅和邯郸亚太世纪花园的住宅适老化改造的分析,对这两个方法--新建与改造,进行了阐述。     

Home ownership,mortgages and psychological distress

Although many studies have established that owning a home is associated with a variety of health benefits (lower mortality and morbidity rates), important gaps in our understanding of the relationship between housing tenure and health remain. In particular, previous research has tended to rely upon single, binary measures of housing tenure (home owners versus renters). These broad categories do not capture the heterogeneity that exists within housing tenure classifications. This paper uses an expanded measure to differentiate home owners with mortgages, from those who do not have mortgages and from those who live in rental accommodation. The results reveal a gradient in housing tenure and psychological distress; individuals in rental situations report the highest levels of distress, home owners without mortgages the lowest levels. Moreover, housing tenure modifies the impact of stress on distress in these data. The findings are interpreted in the context of changes to housing policy in Canada, and the economic climate during the period in which these data were collected. Future research directions are discussed.     

Melbourne's housing past, housing futures

This paper examines trends in house prices and affordability in Melbourne. Using previously unpublished, detailed data from the Victorian Valuer General's Office, we plot price movements by suburbs, and locate these changes in the context of broader economic and policy developments. We show that during the 1990s approximately one-third of Melbourne's suburbs experienced real price increases of up to 87 per cent, while another third experienced real falls of up to 29 per cent. Those suburbs whose residents experienced the fastest growth in after tax incomes also enjoyed the fastest growth in house prices. The price increases were concentrated in the inner city, while price falls occurred in the outer suburbs. We offer an explanation for these trends, and extrapolate from them to offer some thoughts on likely price and affordability developments in the coming decade. We conclude with a discussion of the policy implications.     

“Thank heavens for the lease”: histories of shared ownership

Drawing on and developing Kingdon’s multiple streams analysis, this article examines the development of one aspect of the UK’s low cost home ownership programme: shared ownership. We demonstrate how key human and non-human policy entrepreneurs were able to set the agenda from 1973–1983 in favour of shared ownership; they neutralized the alternatives, while retaining some of their instruments; and solved a number of early problems by bringing key players into the programme. Our data-sets include a range of archival material and elite interviews. The policy entrepreneurs included John Stanley (who was the housing minister in the First Thatcher government), the National Federation of Housing Associations, and the Building Societies Association. Our development of the multiple streams analysis is to argue that documents, including the lease, act as policy entrepreneurs in their own right. The lease was central to the development of shared ownership and its transformation into a model lease enrolled other organizations, most critically the building societies.     

The incomplete privatization of the Dutch housing market: Exploding house prices versus falling house-building output

This paper addresses the coordination problems in the liberalized housing market in the Netherlands during the 1990–2004 period. In particular, the mismatch between the explosion in house prices and the stagnation in house-building activities during the past six years is under investigation. It is argued that there is still a marked discrepancy between the language used in the policy discourse and the supply and demand situation on the Dutch housing market. One could argue that the Dutch government implemented a double-hearted, incomplete privatization. As a result of the mismatch between actual housing policy and market developments, output is stagnating and the housing shortage is growing sharply. The closing section presents some possible means to overcome these problems.     

房地产税对房产价格影响效应分析

基于2000~2012 年我国30 个省的房地产税和房价的面板数据,通过平稳性分析、协整检验以及回归分析,研究了我国房地产税和房价之间的关系。研究发现,房地产税对房价有正U 型影响效应,即短期内房地产税能有效抑制房价的上涨,而长期内房地产税的征收则会带动房价的上涨,同时,房地产税对房价的影响具有显著的区域差异,而且各房地产税种对房价的影响也不尽相同。而且上期房价、利率以及其他宏观经济环境对房价也有一定的影响。因此,我国现行房地产税收制度改革过程中,需要考虑宏观经济环境的影响,针对不同地区制定相应的税收政策。     

北京市自住型商品房政策利与弊

通过对北京市自住型商品房新政策以及新的供地方式的分析,预测了实施后正反两面的效果,最后得出解决方案,指出新政策一方面可加快中低价位自住型商品住房的建设,符合居民实际需求,并能大幅对冲商品住宅售价的上涨,另一方面可能会造成普通刚需产品减少,普通商品房价格进一步上涨,进而导致城市肌理被破坏。     

房产面积测绘质量检验技术研究

结合我省目前的房产面积测算成果的生产技术水平、质量控制水平、监督检查的现实状况,针对房产面积测算成果确定其成果质量检验工作的基本原则,探讨了检验的程序、方法,并判定房产面积测算成果质量及其是否符合相关规定。