Descrizione del progetto
Soluzioni innovative per i giovani acquirenti di case
Nell’attuale mercato immobiliare c’è una forte concorrenza per un numero limitato di proprietà, soprattutto nelle zone più ambite. Quando alcuni gruppi ricevono sussidi o vantaggi politici, cambia il funzionamento del mercato. Sostenuto dal programma di azioni Marie Skłodowska-Curie (MSCA), il progetto YoHo offre una nuova prospettiva. Il progetto utilizza i dati dei registri norvegesi, esperimenti naturali e la modellazione teorica per studiare come gli acquirenti di prima casa e altri gruppi siano influenzati dai cambiamenti delle politiche pubbliche nei mercati immobiliari locali. YoHo si propone di fornire un nuovo quadro di riferimento per la valutazione degli ostacoli finanziari alla proprietà di una casa tra le giovani famiglie, aiutando i politici e i proprietari di casa a raggiungere meglio l’obiettivo di un mercato immobiliare sostenibile per tutti.
Obiettivo
Consider a household looking to buy a house. In attractive locations, this household competes with other buyers to purchase their desired property since the number of listed properties is limited. In this scenario, what is the impact of subsidizing a given group? What is the impact of a change in public policy that affects one group more than others? Do households respond to the policy by changing their preferences?
YoHo (Young Homeownership) builds on a simple yet powerful insight: if a buyer is competing against other buyers from the same group, then changing financial conditions for that group will not change their access to the housing market but may affect how much they can pay. The insight that YoHo proposes to formalize is that if a policy targets a large share of buyers, subsidizing them will likely not lead to higher homeownership rates but to rising prices. Moving beyond market-level outcomes, YoHo will further dig deeper into the potential side effects for young buyers, such as limited access to attractive locations. YoHo will combine Norwegian register data, natural experiments, and theoretical modeling in line with the state-of-the-art housing literature to answer questions of large importance for society, the economic situation for households, and future research into affordability and homeownership. Access to the housing market is an ongoing societal challenge in many countries that involves the general public, policymakers, and academics. The work in YoHo is at the core of this challenge, with the potential to make a meaningful contribution to the debate. The research will be conducted under Professor Florian Heider's guidance at the Leibniz Institute for Financial Research SAFE, which aims to produce original, high-quality research and research-based policy advice in all finance areas, and a regular and permanent exchange with members of governments, parliaments, central banks, and supervisory authorities in Germany and Europe.
Parole chiave
Programma(i)
- HORIZON.1.2 - Marie Skłodowska-Curie Actions (MSCA) Main Programme
Invito a presentare proposte
(si apre in una nuova finestra) HORIZON-MSCA-2023-PF-01
Vedi altri progetti per questo bandoMeccanismo di finanziamento
HORIZON-TMA-MSCA-PF-EF -Coordinatore
60323 Frankfurt
Germania