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Who sells to whom in the suburbs? Home price inflation and the dynamics of sellers and buyers in the metropolitan region of Paris, 1996-2012

Qui vend à qui dans le périurbain ? L'inflation des prix résidentiels et la dynamique vendeurs-acquéreurs dans la région métropolitaine de Paris, 1996-2012

Renaud Le Goix (), Timothée Giraud (), Robin Cura (), Thibault Le Corre () and Julien Migozzi ()
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Renaud Le Goix: UPD7 - Université Paris Diderot - Paris 7, GC - Géographie-cités - UP1 - Université Panthéon-Sorbonne - UPD7 - Université Paris Diderot - Paris 7 - CNRS - Centre National de la Recherche Scientifique
Timothée Giraud: RIATE - Réseau interdisciplinaire pour l’aménagement et la cohésion des territoires de l’Europe et de ses voisinages - UPD7 - Université Paris Diderot - Paris 7 - CNRS - Centre National de la Recherche Scientifique - CGET - Commissariat Général à l'égalité des territoires
Robin Cura: GC - Géographie-cités - UP1 - Université Panthéon-Sorbonne - UPD7 - Université Paris Diderot - Paris 7 - CNRS - Centre National de la Recherche Scientifique
Thibault Le Corre: UP1 - Université Panthéon-Sorbonne, GC - Géographie-cités - UP1 - Université Panthéon-Sorbonne - UPD7 - Université Paris Diderot - Paris 7 - CNRS - Centre National de la Recherche Scientifique
Julien Migozzi: Ecole Normale Supérieure - Université Marien Ngouabi, Pacte, Laboratoire de sciences sociales - UPMF - Université Pierre Mendès France - Grenoble 2 - UJF - Université Joseph Fourier - Grenoble 1 - IEPG - Sciences Po Grenoble - Institut d'études politiques de Grenoble - CNRS - Centre National de la Recherche Scientifique - UGA - Université Grenoble Alpes, GC - Géographie-cités - UP1 - Université Panthéon-Sorbonne - UPD7 - Université Paris Diderot - Paris 7 - CNRS - Centre National de la Recherche Scientifique

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Abstract: Price inflation has outbalanced the income of residents and buyers in major post-industrial city-regions, and real estate has become an important driver of these inequalities. In a context of a resilient inflation of home values during the last two decades in the greater Paris Region, it is critical to examine housing price dynamics to get a better understanding of socioeconomic segregation. This paper aims at presenting spatial analysis of the dynamics of segregation pertaining to inflation, analyzing price and sellers and buyers data. Using interpolation techniques and multivariate analysis, the paper presents a spatial analysis of property-level data from the Paris Chamber of Notaries (1996-2012) in a GIS (159,000 transactions in suburban areas, single family homes only). Multivariate analysis capture price change and local trajectories of occupational status, i.e. changes in balance between inward and outward flows of sellers and buyers. We adopt a method that fits the fragmented spatial patterns of suburbanization. To do so, we remove the spatial bias by means of a regular 1-km spatial grid, interpolating the variables within it, using a time-distance matrix. The main results are threefold. We document the spatial patterns of professionalization (a rise of executives, intermediate occupation and employees) to describe the main trends of inward mobility in property ownership in suburbs, offsetting the outward mobility of retired persons. Second, neighborhood trajectories are related the diverging patterns of appreciation, between local contexts of accumulation with a growth of residential prices, and suburbs with declining trends. The maturity of suburbanization yields a diversified structure of segregation between the social groups, that do not simply oppose executives vs. blue collar suburbs. A follow-up research agenda is finally outlined.

Keywords: Socioeconomic segregation; Wealth inequality; Residential housing markets; Housing prices; Ordinary financialization; Ownership; Geospatial data; Spatial and temporal analysis; Prix immobilier; Accession à la propriété; Données géo-référencées; Analyse spatiale et temporelle; Ségrégation résidentielle; PARIS team; Inégalité patrimoniales; Marché immobilier résidentiel (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ure
Date: 2019
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-01968663v2
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Published in PLoS ONE, Public Library of Science, 2019, 14 (3), pp.e0213169. 〈10.1371/journal.pone.0213169〉

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01968663

DOI: 10.1371/journal.pone.0213169

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