Keywords :
Land market, Belgium, inter-urban housing market, spatial autocorrelation
Abstract :
[en] In this article, we support the argument that a focus on the spatiality of economic mechanisms can be a valuable way to address the issue of inter-urban housing markets, a theme which has not yet been adequately addressed by academic research. Our developments are based on a theoretical framework in which two factors are considered central to the structuring of markets: (i) the possibility for the demand to choose between substitutable supplies (spatially related to the territory prospected by the demand), and (ii) the availability of information on the state of the market (spatially related to the use of local sales references when market participants prepare their negotiations). This theoretical framework is empirically applied to the case of building sites prepared for self-provided housing, with a modelling methodology elaborated for Belgium. The modelling methodology, based on cross-sectional regressions, develops a spatial autoregressive specification and incorporates a multi-scale comparison. By highlighting the importance of information and demand substitutability, this exercise confirms that a focus on inter-urban market spatiality can be helpful to housing researchers. In fact, our results suggest that such a focus is particularly appropriate to analysing the impact of planning regulations on market outcomes.
Disciplines :
Regional & inter-regional studies
Special economic topics (health, labor, transportation...)
Human geography & demography
Scopus citations®
without self-citations
8