Urban house price gradients in the post-COVID-19 era

Volker Ziemann, Manuel Bétin, Alexandre Banquet, Rudiger Ahrend, Boris Cournède, Maria Paula Caldas, Marcos Diaz Ramirez, Pierre-Alain Pionnier, Daniel Sanchez-Serra and Paolo Veneri

No 1756, OECD Economics Department Working Papers from OECD Publishing

Abstract: The COVID-19 pandemic has led to a significant shift in the way people work, with an increasing number of individuals opting to work from home. Fewer commutes allow people to live further away from the city centre, where jobs typically concentrate. Against this background, this paper tests the hypothesis of a shift in housing demand away from the city centre towards the suburbs using a novel granular house price data set covering 16 OECD countries. The results indicate a flattening of the house price gradients in most large urban areas with profound consequences for housing policies and the city of the future.

Keywords: COVID-19; digitisation; geospatial economics; housing; teleworking; working from home (search for similar items in EconPapers)
JEL-codes: O18 R31 (search for similar items in EconPapers)
Date: 2023-05-12
New Economics Papers: this item is included in nep-des and nep-ure
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:oec:ecoaaa:1756-en

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