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Search and Vacancies in the French real estate market

Author

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  • Pierre Vidal

Abstract

Using internet users activity record on a real estate web platform I measure, quarterly, housing market tightness for more than 250 cities of the Paris area, over a four years period. An upward sloping Beveridge curve linking vacancy and demand rate is observed both across locations and over time. Applying a random matching model, this measure of the market tightness is compared with volumes and prices dynamics. In line with the theory, I find a positive, statistically significant, impact of the buyer-seller ratio on both rotation rate and price variation.

Suggested Citation

  • Pierre Vidal, 2019. "Search and Vacancies in the French real estate market," ERES eres2019_33, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2019_33
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2019-33
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    More about this item

    Keywords

    Internet; market tightness; Matching; real estate; Search;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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