Demographic change and house prices: Headwind or tailwind?

Philipp Jäger and Torsten Schmidt

Economics Letters, 2017, vol. 160, issue C, 82-85

Abstract: Using a cross-country dataset for 13 developed economies spanning from 1950 to 2012, we argue that the overall effect of the demographic transition on house prices has been negative. Extrapolating the historical relationship into the future, demographic downward pressure on house prices is likely to intensify.

Keywords: Demographic transition; Population aging; House prices (search for similar items in EconPapers)
JEL-codes: G12 J11 R31 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:160:y:2017:i:c:p:82-85

DOI: 10.1016/j.econlet.2017.09.007

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