Which is the appropriate administrative level to promote home ownership?
AbstractThe proportion of Swiss households that own their home has always been in the vicinity of 30 percent, the lowest proportion in the OECD. Clearly the existing, essentially federal, policy for promoting home ownership has not been very aggressive. A survey allows us to understand what households wish and why they are so few to own a home. Those observations, in particular the fact that households wish to buy a single family home rather than an apartment, have consequences for the optimal allocation of the responsibility for promoting home ownership. I conclude that the responsibility should be passed down to the cantons.
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Bibliographic InfoArticle provided by Swiss Society of Economics and Statistics (SSES) in its journal Swiss Journal of Economics and Statistics.
Volume (Year): 135 (1999)
Issue (Month): I (March)
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- Bourassa, Steven & Hoesli, Martin & Scognamiglio, Donato, 2010. "Housing finance, prices, and tenure in Switzerland," MPRA Paper 45990, University Library of Munich, Germany.
- Steven Bourassa & Martin Hoesli, 2010.
"Why Do the Swiss Rent?,"
The Journal of Real Estate Finance and Economics,
Springer, vol. 40(3), pages 286-309, April.
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