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Factors Influencing Tenure Choice in European Countries

Author

Listed:
  • Monika Bazyl

Abstract

"Homeownership rates are very different across European countries. They range from below 50% in Germany to over 80% in Greece, Spain or Ireland. However the differences lie not only in the overall homeownership rates but also in its structure, and this is the focus of this paper. Its aim is to study the impact of microeconomic factors on householdís tenure choice, using a cross-country comparative approach. Logit models are constructed for each country using data for year 2000 from the Consortium of Household Panels for European Socio-Economic Research micro-database. The models show that marriage is a significant determinant of the decision to move to homeownership in all analysed countries, while co- habitating households are more likely to rent, except for Denmark. Nationality, income and age proved to be significant explanatory variables in several countries, while staying insignificant in others.""

Suggested Citation

  • Monika Bazyl, 2009. "Factors Influencing Tenure Choice in European Countries," ERES eres2009_106, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2009_106
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    Cited by:

    1. Dagmar Špalková & Jiøí Špalek, 2013. "Housing Tenure Choice and Housing Expenditures in the Czech Republic," MUNI ECON Working Papers 11, Masaryk University, revised Aug 2013.
    2. Martin Lux & Tomáš Samec & Vojtech Bartos & Petr Sunega & Jan Palguta & Irena Boumová & Ladislav Kážmér, 2018. "Who actually decides? Parental influence on the housing tenure choice of their children," Urban Studies, Urban Studies Journal Limited, vol. 55(2), pages 406-426, February.
    3. Philippe Van Kerm, 2013. "Generalized measures of wage differentials," Empirical Economics, Springer, vol. 45(1), pages 465-482, August.
    4. Braun, Frauke G., 2010. "Determinants of households' space heating type: A discrete choice analysis for German households," Energy Policy, Elsevier, vol. 38(10), pages 5493-5503, October.
    5. Wouter Vangeel & Laurens Defau & Lieven De Moor, 2024. "Influence of a Mortgage Interest Deduction on Homeownership Attainment of European Households," International Real Estate Review, Global Social Science Institute, vol. 27(1), pages 33-79.

    More about this item

    JEL classification:

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

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