By Ake E. Andersson, Lars Pettersson, Ulf Strömquist
This ebook offers a finished research of housing concept and coverage with a spotlight on metropolitan areas. the implications are in line with case experiences of twelve ecu metropolitan areas, together with professional panels geared up in every one. utilizing an process from the sphere of business economics, the research is split into the 3 similar phases "structure", "conduct" and "performance." the basic inspiration is that the constitution of a marketplace, outlined by way of industry stipulations, marketplace development, different types of pageant and regulate, affects the industrial habit of either businesses and families. the consequences of this habit should be saw within the improvement of costs; exchanged, developed and maintained housing amounts; place styles and selection of area. The contributions of this quantity demonstrate major modifications in housing regulations among ecu international locations, whereas while displaying that coverage results are good in response to expectancies in response to conventional housing conception.
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Additional info for European Metropolitan Housing Markets
130 120 110 100 90 80 70 60 79 81 83 85 87 89 91 93 95 97 99 Fig. 9. 7 per cent) as shown in Fig. 10. 17 From 1987 to 1991, the evolution of rental prices could seem less consistent with the evolution of real estate values and Eq. 1. This would be misleading for two main reasons. First, the pure land rent due to the EC would have not affected a large segment of the rental housing market. As already indicated, an important share of houses near the CBD was actually converted into offices during the period 1987–92.
The next section analyses the housing market in both the central-city and the suburbs: we present the recent evolution of the housing stock, taxation, cost of capital, spatial price structure and demography. Sect. 3 reviews the major housing problems facing the BCR’s government while Sect. 4 reviews the main lines of the regional housing policy. Sect. 5 concludes. 2 The Market for Housing in Greater Brussels Already during the rapid and impressive industrialisation of Belgium, between 1830 and 1870, the upper class of Brussels gradually left the central municipalities to reside in the immediate eastern suburbs near the Forêt de Soignes.
100 95 90 85 80 75 0 5 10 km to CBD 15 20 Fig. 2. Rental price for flats in Brussels 1991, CBD = 100 (Source: Baudewyns 1998 p. 63) An Analysis of the Housing Market in Greater Brussels 33 At 5 kilometres from the CBD, rents are 15 per cent lower than in the CBD. 2 There is no index of property values per unit of housing for the whole metropolitan area (for an index of quality-adjusted house price in BCR, see below). For want of anything better, researchers in Belgium use data from the National Institute of Statistics yearly publication on real estate sales which gives both the number and the total value of dwellings sold in each municipality.