Pandemic-Induced changes on residential prices in major French Cities

Martin Regnaud, Marie Breuille and Julie Le Gallo

ERES from European Real Estate Society (ERES)

Abstract: This study provides a comprehensive analysis of the evolution of bid-rent functions forhousing prices and rents in 30 major French attraction areas during a period markedby the COVID-19 pandemic. We exploit 3.3M property transfers (DV3F) and 740’000rental listings posted on SeLoger’s portal to quantify the shifts. We observe a flatteningof the bid-rent curve in the wake of the pandemic, especially for large areas of more than200,000 inhabitants and for sold properties (apartments or houses). Stronger flatteningof the bid-rent curve for sold properties is observed for a higher share of employees,more densely populated areas, and lower purchasing power. By contrast, the pandemichad little effect on bid-rent function slopes for rents.

Keywords: Covid-2019; housing market; Real Estate Platforms Data; Structural Breaks (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2024-01-01
New Economics Papers: this item is included in nep-eur and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2024-249

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