Second home investments

Christian Hilber

CentrePiece - The magazine for economic performance from Centre for Economic Performance, LSE

Abstract: Investment in second homes has been surging around the world. Christian Hilber explores the underlying causes of this boom and the political backlash against wealthy investors. His analysis explains how one increasingly popular policy - banning new second home investments in desirable tourist locations - may end up hurting rather than helping local residents. It may even lead to a further rise in wealth inequality.

Keywords: housing; local residents; second homes (search for similar items in EconPapers)
Date: 2018-11
New Economics Papers: this item is included in nep-ure
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepcnp:543

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