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Second home investments

Author

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  • Christian Hilber

Abstract

Investment in second homes has been surging around the world. Christian Hilber explores the underlying causes of this boom and the political backlash against wealthy investors. His analysis explains how one increasingly popular policy - banning new second home investments in desirable tourist locations - may end up hurting rather than helping local residents. It may even lead to a further rise in wealth inequality.

Suggested Citation

  • Christian Hilber, 2018. "Second home investments," CentrePiece - The magazine for economic performance 543, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepcnp:543
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    File URL: https://cep.lse.ac.uk/pubs/download/cp543.pdf
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    Cited by:

    1. Luzius Stricker, 2022. "Restricting the construction of second homes in tourist destinations: an effective intervention towards sustainability?," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 158(1), pages 1-16, December.
    2. Mense, Andreas, 2020. "The Impact of New Housing Supply on the Distribution of Rents," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224569, Verein für Socialpolitik / German Economic Association.

    More about this item

    Keywords

    housing; local residents; second homes;
    All these keywords.

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