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Pandemic-Induced changes on residential prices in major French Cities

Author

Listed:
  • Martin Regnaud
  • Marie Breuille
  • Julie Le Gallo

Abstract

This study provides a comprehensive analysis of the evolution of bid-rent functions forhousing prices and rents in 30 major French attraction areas during a period markedby the COVID-19 pandemic. We exploit 3.3M property transfers (DV3F) and 740’000rental listings posted on SeLoger’s portal to quantify the shifts. We observe a flatteningof the bid-rent curve in the wake of the pandemic, especially for large areas of more than200,000 inhabitants and for sold properties (apartments or houses). Stronger flatteningof the bid-rent curve for sold properties is observed for a higher share of employees,more densely populated areas, and lower purchasing power. By contrast, the pandemichad little effect on bid-rent function slopes for rents.

Suggested Citation

  • Martin Regnaud & Marie Breuille & Julie Le Gallo, 2024. "Pandemic-Induced changes on residential prices in major French Cities," ERES eres2024-249, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2024-249
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2024-249
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    More about this item

    Keywords

    Covid-2019; housing market; Real Estate Platforms Data; Structural Breaks;
    All these keywords.

    JEL classification:

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

    Statistics

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