Executive summary UK average house prices have risen by over 160% in real terms since
the middle of 1996. Home ownership remains around its lowest level for a generation …

We take advantage of two spatial discontinuities in Britain's Help to Buy (HtB) scheme to
explore the effectiveness and distributional implications of mortgage credit expansion …

In most countries–particularly in supply constrained superstar cities–house prices have risen
much more strongly than rents over the last two decades. We provide an explanation that …

Mortgage credit expansion policies–such as UK's Help to Buy (HtB)–aim to increase access
to and affordability of owner-occupied housing and are widespread around the world. We …

Lack of affordable housing is a growing and often primary policy concern in cities throughout
the world. The main underlying cause for the “affordability crisis,” which has been mounting …

This paper documents an unprecedented decrease in young homeownership since the
Great Recession driven by regions with high house prices. Using a panel of US metro areas …

Terrorism has become a primary concern for city dwellers around the world. This paper uses
the 2005 attacks on the London Tube to provide causal evidence of the negative impact of …

This paper examines the impact of a limit on loan-to-value (LTV) ratios implemented in
Finland in 2016. Focusing on households that buy an apartment for the first time, we …

We model the behaviour of a mortgagor considering to evade the real estate transfer tax. We
build an observable measure of over-appraisal that is inversely related to tax evasion and …

We investigated how real estate selling behaviors and transaction outcomes vary with
sellers' motivations. By exploring a unique dataset of residential sales in Beijing, China, we …