Targeted Standards for Floor Space in a Government Housing Plan: an Empirical Investigation of the Kanto Area in Japan

Mototsugu Fukushige () and Noriko Ishikawa ()
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Noriko Ishikawa: Faculty of Economics, Konan University, 8-9-1, Okamoto, Higashi-Nada-ku, Kobe, 685-8501, Japan

International Real Estate Review, 2013, vol. 16, issue 2, 208-229

Abstract: We estimate a demand function for household floor space in the Kanto area in Japan by using a survey questionnaire, and conduct calibrations to investigate whether effective demand is consistent with the prescribed targeted or minimum floor space in Japan¡¦s Basic Act for Housing. The results indicate that one- and two-person families can afford relatively large houses, but many three-person families with lower incomes and most four- and five-person families cannot afford housing that meets the Act¡¦s targeted housing standards. This result implies that further subsidies are needed to achieve the Act's targets.

Keywords: Housing; Floor space; Housing standards; Japan (search for similar items in EconPapers)
JEL-codes: L85 (search for similar items in EconPapers)
Date: 2013
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