Rent durations and the role of the local housing market

Quak, R. (2018) Rent durations and the role of the local housing market. Master thesis.

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Abstract

Since households generally move over short distances, the local housing market can influence the decision and the ability to move. A Cox proportional hazard model is developed in this research to assess the role of the local housing market in explaining variation in mobility. The research extends previous literature on varying mobility rates across housing markets by incorporating different and more detailed market characteristics from an unique database in the model. The model confirms the hypothesis that tenants in tight housing markets show a longer length of residency. Population growth has a positive impact on length of stay, which is contrary to earlier research. A growth of the population can increase the pool of competitors for a suitable home such that the amount of moving opportunities decreases. The availability and affordability of owner-occupied dwellings, as perceived end station of the housing chain, have consequences for rent duration as well.

Item Type:	Thesis (Master)
Degree programme:	Real Estate Studies
Supervisor:	Liu, X.
Date Deposited:	23 Apr 2020 05:30
Last Modified:	23 Apr 2020 05:30
URI:	https://frw.studenttheses.ub.rug.nl/id/eprint/1646

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