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To What Extent Can Planning and Land Regulation Be Blamed for the Fact that, as a Young Person with a Modest Income, You Are Unlikely to Be Able to Afford to Buy a Home in Many Advanced Economies? Discuss with Reference to the Relationship Between the Supply and Demand of Housing, and House Prices

In: Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)

Author

Listed:
  • Jiaqing Wang

    (University College London, Department of Bartlett School of Planning)

  • Zhongche Shen

    (Imperial College London)

Abstract

This essay seeks to make the case that, while the planning process and land use restrictions may have an impact on housing costs and affordability, they are not the main issue. As the volatility of housing prices mostly depends on the balance of supply and demand, it will first discuss how much the planning system could affect housing prices from both the supply and demand sides. Then it will argue that financial deregulation is likely to have more significant impact on housing prices.

Suggested Citation

  • Jiaqing Wang & Zhongche Shen, 2023. "To What Extent Can Planning and Land Regulation Be Blamed for the Fact that, as a Young Person with a Modest Income, You Are Unlikely to Be Able to Afford to Buy a Home in Many Advanced Economies? Discuss with Reference to the Relationship Between th," Advances in Economics, Business and Management Research, in: Vilas Gaikar & Min Hou & Sikandar Ali Qalati (ed.), Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022), pages 566-570, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-054-1_61
    DOI: 10.2991/978-94-6463-054-1_61
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