Immigration and Swiss House Prices
AbstractThis study examines the behavior of Swiss house prices to immigration flows for 85 districts from 2001 to 2006. The results show that the nexus between immigration and house prices holds even in an environment of low house price inflation, nationwide rent control, and modest immigration flows. An immigration inflow equal to 1% of an area's population is coincident with an increase in prices for single-family homes of about 2.7%: a result consistent with previous studies. The overall immigration effect for single-family houses captures almost two-thirds of the total price increase.
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Bibliographic InfoPaper provided by Swiss National Bank in its series Working Papers with number 2010-16.
Length: 37 pages
Date of creation: 2010
Date of revision:
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Phone: +41 44 631 31 11
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Web page: http://www.snb.ch/en/ifor/research/
More information through EDIRC
Immigration; Housing Prices;
Other versions of this item:
- F22 - International Economics - - International Factor Movements and International Business - - - International Migration
- J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
- R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
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