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High-Rise Housing Investments and Urban Sustainability

Author

Listed:
  • kyriakopoulou, Efi
  • Lu, Tingmingke
  • Patacchini, Eleonora
  • StrÃ¥le, Jonathan

Abstract

High-rise housing promotes efficient land use and mitigates urban sprawl, contributing to sustainable development. This paper examines the role of social interactions in shaping high-rise housing investment decisions, utilizing comprehensive longitudinal micro-level data from the entire Swedish population and detailed sales data on the nation’s housing stock. Exploiting quasi-random variation in peer exposure, we find that households are more likely to invest in high-rise housing when peers do so. A small-scale survey further reveals that high-rise living experiences are frequently discussed among acquaintances. These findings highlight peer networks’ role in housing choices, offering insights for policies supporting urban housing investments.

Suggested Citation

  • kyriakopoulou, Efi & Lu, Tingmingke & Patacchini, Eleonora & StrÃ¥le, Jonathan, 2024. "High-Rise Housing Investments and Urban Sustainability," CEPR Discussion Papers 18851, Centre for Economic Policy Research.
    • Handle: RePEc:cpr:ceprdp:18851
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    File URL: https://cepr.org/publications/DP18851
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    Keywords

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    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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