Factors influencing tenure choice in European countries

Monika Bazyl

No 36, Working Papers from Department of Applied Econometrics, Warsaw School of Economics

Abstract: Homeownership rates are very different across European countries. They range from below 50% in Germany to over 80% in Greece, Spain or Ireland. However the differences lie not only in the overall homeownership rates but also in its structure, and this is the focus of this paper. Its aim is to study the impact of microeconomic factors on household’s tenure choice, using a cross-country comparative approach. Logit models are constructed for each country using data for year 2000 from the Consortium of Household Panels for European Socio-Economic Research micro-database. The models show that marriage is a significant determinant of the decision to move to homeownership in all analysed countries, while co- habitating households are more likely to rent, except for Denmark. Nationality, income and age proved to be significant explanatory variables in several countries, while staying insignificant in others.

Keywords: tenure choice; homeownership; housing (search for similar items in EconPapers)
JEL-codes: D10 R20 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2009-05-01
New Economics Papers: this item is included in nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Related works:
Journal Article: Factors Influencing Tenure Choice in European Countries (2009)
Working Paper: Factors Influencing Tenure Choice in European Countries (2009)
Working Paper: Factors Influencing Tenure Choice in European Countries (2009)
Working Paper: Factors influencing tenure choice in European countries (2009)
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