Le marché du logement ancien

Claude Taffin

Revue d'économie financière, 2014, vol. N° 115, issue 3, 131-148

Abstract: The second-hand market is now the major part of the housing market. It developed only recently, in the wake of home ownership. It was long neglected by governments and economists, until the Notaries established the databases that allow to calculate the ?Notaires-INSEE? house price indexes and to provide information on the nature of traded dwellings and on stakeholders in the transactions. The cycle that started in 1998 can be described in detail using the Notaries databases. Unlike the previous one, it is characterised by soaring prices throughout the country, albeit not uniformly, at least until 2008. Only after the crisis a strong differentiation emerged between large metropolitan areas, starting with the Paris region, and the rest of the territory. A large share of the price increase can be explained by easy and cheap credit. The proportion of quick resales grew during 2005-07, leaving suspicion of speculative behaviours. The role of foreign buyers should not be overestimated : among natural person buyers, fewer than one in forty on average is a non-resident alien. Classification JEL: C81, R21, R30, R31, R32.

JEL-codes: C81 R21 R30 R31 R32 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOFI_115_0131 (application/pdf)
http://www.cairn.info/revue-d-economie-financiere-2014-3-page-131.htm (text/html)
free

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:refaef:ecofi_115_0131

Access Statistics for this article

More articles in Revue d'économie financière from Association d'économie financière
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().