Search results for "rental market"

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The spatial dimension of the French private rental markets: Evidence from microgeographic data in 2015

2021

International audience; This article draws on data collected by local rental observatories in 12 French urban units in 2015 to analyze the spatial dimension of hedonic rental prices in the private rental market through (i) the spatial heterogeneity between urban units and (ii) the wide variety of contextual and locational characteristics (socio-economic, environmental (dis)amenity, and accessibility) and flexible specifications to capture their potential non-linear influence on rent. Based on a joint test of equality of coefficients across all urban units, we find that hedonic prices differ for 75% of the characteristics, thereby justifying a detailed analysis of heterogeneity. Lyon, Nice, …

Geography Planning and Development0211 other engineering and technologies02 engineering and technologyHedonic modelsManagement Monitoring Policy and LawJEL: C - Mathematical and Quantitative Methods/C.C2 - Single Equation Models • Single Variables/C.C2.C21 - Cross-Sectional Models • Spatial Models • Treatment Effect Models • Quantile RegressionsPrivate rental marketsJEL: R - Urban Rural Regional Real Estate and Transportation Economics/R.R3 - Real Estate Markets Spatial Production Analysis and Firm Location/R.R3.R31 - Housing Supply and MarketsRenting0502 economics and business11. SustainabilityArchitectureEconomicsEconomic geography050207 economicsDimension (data warehouse)Nature and Landscape Conservationbusiness.industry05 social sciences021107 urban & regional planning[SDV.SA.AEP]Life Sciences [q-bio]/Agricultural sciences/Agriculture economy and politics[SHS.ECO]Humanities and Social Sciences/Economics and FinanceSpatial heterogeneityUrban StudiesSpatial heterogeneitybusiness
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Does Airbnb Disrupt the Private Rental Market? An Empirical Analysis for French Cities

2019

This article evaluates whether Airbnb rentals affect the rents in the private rental sector in eight cities in France. We estimate a hedonic equation for each city on individual data for apartments, allowing for heteroscedasticity and spatial error autocorrelation of unknown forms and using a large variety of structural and contextual characteristics of the apartments. We show that the density of Airbnb rentals puts upward pressure on rents in Lyon, Montpellier, and Paris, whereas it has no significant effect in other cities. If we restrict the analysis to the professional business of Airbnb rentals, which we define as the lodgings owned by an investor who rents either several “entire home…

apartment pricebusiness.industrymedia_common.quotation_subject[SDV]Life Sciences [q-bio]05 social sciencesEconomic rentGeneral Social SciencesAirbnbHospitality industryspatial autocorrelationUrban tourismRentingrental market0502 economics and businessIndividual datahedonic model050211 marketingEconomic geographyBusinessAccommodation050212 sport leisure & tourismGeneral Environmental Sciencemedia_common
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