Advanced Search
MyIDEAS: Login to save this paper or follow this series

Owning, letting and demanding second homes

Contents:

Author Info

  • Bloze, Gintautas

    ()
    (Department of Leadership and Corporate Strategy)

  • Skak, Morten

    ()
    (Department of Business and Economics)

Abstract

An increasing number of households consume housing beyond the primary home as owners of a second home. Economic studies of second homeownership are still very scarce, and the present empirical study fills this gap to some extent. It is based on Danish survey data combined with administrative register data and presents estimations of the probability of owning a second home, the decision to let the second home and the number of let weeks per year. Also income elasticities for primary and second housing demand are estimated. We find a conventional monotonic increase in demand elasticities for primary housing demand for non-owners of second homes; however, owners of second homes have the highest income elasticity in the middle income group.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://static.sdu.dk/mediafiles//E/0/A/%7BE0A792F0-AF50-403C-831A-174E0F986A96%7Ddpbe1_2014.pdf
Download Restriction: no

Bibliographic Info

Paper provided by Department of Business and Economics, University of Southern Denmark in its series Discussion Papers of Business and Economics with number 1/2014.

as in new window
Length: 31 pages
Date of creation: 14 Jan 2014
Date of revision:
Handle: RePEc:hhs:sdueko:2014_001

Contact details of provider:
Postal: Department of Business and Economics, University of Southern Denmark, Campusvej 55, DK-5230 Odense M, Denmark
Phone: 65 50 32 33
Fax: 65 50 32 37
Email:
Web page: http://www.sdu.dk/ivoe
More information through EDIRC

Related research

Keywords: Second home; Homeownership; Letting; Income elasticity; Denmark;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Hansen, Julia L. & Formby, John P. & Smith, W. James, 1998. "Estimating the Income Elasticity of Demand for Housing: A Comparison of Traditional and Lorenz-Concentration Curve Methodologies," Journal of Housing Economics, Elsevier, vol. 7(4), pages 328-342, December.
  2. Malpezzi, Stephen & Mayo, Stephen K, 1987. "The Demand for Housing in Developing Countries: Empirical Estimates from Household Data," Economic Development and Cultural Change, University of Chicago Press, vol. 35(4), pages 687-721, July.
  3. Emilio Torres & J. Santos Domínguez-Menchero, 2006. "The impact of second homes on local taxes," Fiscal Studies, Institute for Fiscal Studies, vol. 27(2), pages 231-250, June.
  4. Dixie M. Blackley & James R. Follain & Haeduck Lee, 1986. "An Evaluation of Hedonic Price Indexes for Thirty-four Large SMSAs," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 14(2), pages 179-205.
  5. Mayo, Stephen K., 1981. "Theory and estimation in the economics of housing demand," Journal of Urban Economics, Elsevier, vol. 10(1), pages 95-116, July.
  6. Ray C. Fair, 1976. "A Theory of Extramarital Affairs," Cowles Foundation Discussion Papers 436, Cowles Foundation for Research in Economics, Yale University.
  7. Juan Antonio Módenes Cabrerizo & Julián López Colás, 2007. "Second Homes in Spain: Socio-Demographic and Geographical Profiles," Population (english edition), Institut National d'Études Démographiques (INED), vol. 62(1), pages 157-171.
  8. Goodman, Allen C., 1990. "Demographics of individual housing demand," Regional Science and Urban Economics, Elsevier, vol. 20(1), pages 83-102, June.
  9. Gijsbert Hoogendoorn & Gustav Visser, 2010. "The role of second homes in local economic development in five small South African towns," Development Southern Africa, Taylor & Francis Journals, vol. 27(4), pages 547-562.
  10. Hansen, Julia L. & Formby, John P. & Smith, W. James, 1996. "The Income Elasticity of Demand for Housing: Evidence from Concentration Curves," Journal of Urban Economics, Elsevier, vol. 39(2), pages 173-192, March.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:hhs:sdueko:2014_001. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lene Holbæk).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.