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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]

Author

Listed:
  • Renaud Le Goix

    (UPD7 - Université Paris Diderot - Paris 7, GC (UMR_8504) - Géographie-cités - UP1 - Université Paris 1 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 (UMR_8504) - Géographie-cités - UP1 - Université Paris 1 Panthéon-Sorbonne - UPD7 - Université Paris Diderot - Paris 7 - CNRS - Centre National de la Recherche Scientifique)

  • Thibault Le Corre

    (UP1 - Université Paris 1 Panthéon-Sorbonne, GC (UMR_8504) - Géographie-cités - UP1 - Université Paris 1 Panthéon-Sorbonne - UPD7 - Université Paris Diderot - Paris 7 - CNRS - Centre National de la Recherche Scientifique)

  • Julien Migozzi

    (Ecole Normale Supérieure - UMNG - Université Marien Ngouabi [Brazzaville], PACTE - Pacte, Laboratoire de sciences sociales - IEPG - Sciences Po Grenoble - Institut d'études politiques de Grenoble - CNRS - Centre National de la Recherche Scientifique - UGA [2016-2019] - Université Grenoble Alpes [2016-2019], GC (UMR_8504) - Géographie-cités - UP1 - Université Paris 1 Panthéon-Sorbonne - UPD7 - Université Paris Diderot - Paris 7 - CNRS - Centre National de la Recherche Scientifique)

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.

Suggested Citation

  • Renaud Le Goix & Timothée Giraud & Robin Cura & Thibault Le Corre & Julien Migozzi, 2019. "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 pri," Post-Print halshs-01968663, HAL.
    • Handle: RePEc:hal:journl:halshs-01968663
    DOI: 10.1371/journal.pone.0213169
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01968663v2
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    Cited by:

    1. Natacha Aveline-Dubach, 2020. "The Financialization of Rental Housing in Tokyo [La financiarisation des logements locatif à Tokyo]," Post-Print halshs-02440007, HAL.
    2. Aveline-Dubach, Natacha, 2022. "The financialization of rental housing in Tokyo," Land Use Policy, Elsevier, vol. 112(C).
    3. Jaromir Vrbka & Tomas Krulicky & Tomas Brabenec & Jan Hejda, 2020. "Determining the Increase in a Building’s Appreciation Rate Due to a Reconstruction," Sustainability, MDPI, vol. 12(18), pages 1-13, September.
    4. Liao, Tim F. & Bolano, Danilo & Brzinsky-Fay, Christian & Cornwell, Benjamin & Fasang, Anette Eva & Helske, Satu & Piccarreta, Raffaella & Raab, Marcel & Ritschard, Gilbert & Struffolino, Emanuela & S, 2022. "Sequence analysis: Its past, present, and future," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 107, pages 1-1.
    5. Renaud Le Goix & Laure Casanova Enault & Loïc Bonneval & Thibault Le Corre & Eliza Benites-Gambirazio & Guilhem Boulay & William Kutz & Natacha Aveline-Dubach & Julien Migozzi & Ronan Ysebaert, 2021. "Housing (In)Equity and the Spatial Dynamics of Homeownership in France: A Research Agenda," Post-Print halshs-02916066, HAL.
    6. Eduardo Gomes, 2020. "Sustainable Population Growth in Low-Density Areas in a New Technological Era: Prospective Thinking on How to Support Planning Policies Using Complex Spatial Models," Land, MDPI, vol. 9(7), pages 1-14, July.
    7. Renaud Le Goix & Laure Casanova Enault & Loïc Bonneval & Thibault Le Corre & Eliza Benites‐Gambirazio & Guilhem Boulay & William Kutz & Natacha Aveline‐Dubach & Julien Migozzi & Ronan Ysebaert, 2021. "Housing (In)Equity and the Spatial Dynamics of Homeownership in France: A Research Agenda," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 112(1), pages 62-80, February.

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