 The Impact of Non-Resident Demand on Housing Prices in CorsicaL’impact de la demande des non-résidents sur les prix des logements en CorseYanogah Jules Kone ()
Post-Print from HAL Abstract: This article analyses the impact of non-resident demand on house prices in Corsica, an area with strong tourist and residential appeal. Non-resident demand is assessed using a stock indicator that measures the volume of housing owned by non-residents. The data, collected at the detailed IRIS level over a twelve-year period, provide a solid basis for empirical evaluation. After a preliminary correlation analysis, an instrumental variable approach based on a shift-share instrument (Bartik) is used to address potential endogeneity issues. The results show that non-resident demand has a significant and positive effect on house prices, confirming its central role in the dynamics of the island's property market. The heterogeneity analysis indicates that the effect of non-resident demand is more limited in large coastal municipalities, where the housing market is deeper and can better absorb additional demand, while it is much stronger in municipalities with thinner markets, characterised by limited supply and infrequent transactions. Keywords: Bartik instrument; Housing prices; Non-residents; Housing demand (search for similar items in EconPapers) Published in XIV Workshop on Institutions, Individual Behaviour and Economic Outcomes, May 2025, Corte (Corse), France There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05569809 Access Statistics for this paper More papers in Post-Print from HAL |
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