Do house prices ride the wave of immigration?

Matthew Larkin, Zohid Askarov, Chris Doucouliagos, Chris Dubelaar, Maria Klona, Joshua Newton, T. Stanley and Andrea Vocino

Journal of Housing Economics, 2019, vol. 46, issue C

Abstract: The sharp rise in international migration is a pressing social and economic issue, as seen in the recent global trend towards nationalism. One major concern is the impact of immigration on housing. We assemble a comprehensive database of 474 estimates of immigration's impact on house prices in 14 destination countries and find that immigration increases house prices, in the aggregate. The effect of immigration is larger at the province (state) level as it is at the city level. However, using data from the World Values Survey, we also show that attitudes to immigrants moderate this effect. In countries less welcoming to immigrants, house price increases are more limited.

Keywords: Immigration; House prices; Attitudes; Meta-regression (search for similar items in EconPapers)
JEL-codes: F22 R31 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jhouse:v:46:y:2019:i:c:s1051137718302481

DOI: 10.1016/j.jhe.2019.04.002

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