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Marcel Theebe

Housing market risks


This thesis focuses on several aspects of the risk all homeowners and housing investors are exposed to. It addresses concrete questions concerning housing market risk, at two levels. At the macro-level, the thesis examines how house prices and rents are exposed to the general economy and major socio-economic events, and how well residential properties are protected against inflation. These analyses involve developments in the very long run. At a micro-level, this thesis discusses two possible threats to property values that currently receive a lot of media attention: the impact of accommodation centers for asylum seekers, and the impact of traffic noise, as caused by expansion of the airport or construction of high-speed railroads. The results of this research have important practical implications for housing policy, investors, and all homeowners.


Promotor: P.M.A. Eichholtz