The Property Market

 

Affiliate Researchers: Tristan-Pierre Maury, Stéphane Gregoir
 

This branch of the EDHEC Economics Research Centre covers three main themes:

Empirical contributions on the measurements of property returns
▪ A study on the returns and localisation of property investments: A proposal for an original and individualised valuation methodology (i.e. for each type of property, on a detailed geographical scale – cadastral mapping) for the average risks and returns of the housing market, thereby adopting a property investor’s point of view.
▪ A study on the link between rental returns and the price of property transactions.

Links between the property market and the labour market: A study on the relationship between the labour market and residential status (tenant in the private rental market, social housing resident, landlord); An analysis of the double causality between the labour market and the housing market: being active in the job market could be beneficial in climbing the property ladder, due to access to mortgages. On the other hand, occupational status can influence salary progression:  homeowners may be less inclined to accept a job offer away from their home than a tenant, as this would require two property transactions – a resale and a new purchase – which are potentially long and costly.
   
The public housing market and policies: The impact of urban free zones on local property markets; An analysis of regulatory policies and their effect on the property market (social housing criteria, rental controls, state-sponsored rental guarantees, etc.).

Academics Publications:
“Measuring Local Individual Housing Returns from a Large Transaction Database” (Stéphane Gregoir et Tristan-Pierre Maury avec M. Hutin et G. Prandi), Annales d’Economie et de Statistiques (2012)

“A Local Spatiotemporal Hedonic Model for the Paris Housing Market” (Tristan-Pierre Maury avec I. Nappi-Choulet), Journal of Regional Science (2011)

“The impact of social housing on the labor market status of the disabled” (Stéphane Gregoir et Tristan-Pierre Maury), Health Economics (2012) 

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