Urban house price gradients in the post-COVID-19 era

The COVID-19 pandemic has led to a significant shift in the way people work, with an increasing number of individuals opting to work from home. Fewer commutes allow people to live further away from the city centre, where jobs typically concentrate. Against this background, this paper tests the hypot...

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Bibliographic Details
Published in:OECD Economic Department working papers 2023-05 (1756)
Main Authors: Ziemann, Volker, Bétin, Manuel, Banquet, Alexandre, Ahrend, Rudiger, Cournède, Boris, Paula Caldas, Maria, Diaz Ramirez, Marcos, Pionnier, Pierre-Alain, Sanchez-Serra, Daniel, Veneri, Paolo
Format: Article
Language:English
Subjects:
Cities
Commuting
COVID-19
digitisation
Economics
Employment
Entrepreneurship
geospatial economics
housing
Housing policy
Housing prices
Hypotheses
Prejudice
Sovereignty
teleworking
working from home
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Summary:The COVID-19 pandemic has led to a significant shift in the way people work, with an increasing number of individuals opting to work from home. Fewer commutes allow people to live further away from the city centre, where jobs typically concentrate. Against this background, this paper tests the hypothesis of a shift in housing demand away from the city centre towards the suburbs using a novel granular house price data set covering 16 OECD countries. The results indicate a flattening of the house price gradients in most large urban areas with profound consequences for housing policies and the city of the future.
ISSN:1815-1973
DOI:10.1787/3c94ca85-en