How do changes in the age structure of the population impact housing markets? This paper uses centuries of data to show that demographic changes are a key determinant of house prices.
The writers find that a one percentage point increase in the current five-year birth rate predicts house price increases of 4% about 25 years later and reduces prices by the same amount when this cohort retires and passes away. By linking the age of individuals to their housing consumption, transactions, and investment portfolios, they show these changes are primarily driven by the age-dependent demand for housing as an investment asset.Authors:
- Marc Francke, University of Amsterdam - Faculty of Economics and Business and Ortec Finance
- Matthijs Korevaar, Erasmus School of Economics
Contact
Marc Francke
Head of Real Estate ResearchRelated Insights
-
07 November 2024Exciting updates for our international Client Conference formatAnnouncement of some updates regarding the Ortec Finance annual International Client Conference.
-
23 July 2024In-House Student Day: Thursday September 19, 2024 - RotterdamCalling all students! Join us for an unforgettable day of insights and inspiration at our exclusive In-House Student Day.
-
09 April 2024PRESS RELEASE: Ortec Finance releases integrated economic and climate scenariosFind out more about the industry’s first integrated economic and climate risk management tool.
-
23 February 2024Ortec Finance's 2023 customer satisfaction survey shows high scoresThis consistent positive feedback reflects the strong rapport we share with our clients around how our solutions solve their challenges.
-
12 February 2024PRESS RELEASE: Ortec Finance appoints Hens Steehouwer as Chief Innovation OfficerHens will responsible for integrating climate risk and expanding AI capabilities
-
05 February 2024Is it a perfect storm?Learn more about the added value of a monte-carlo scenario approach to stress test your financial plan.
-
22 January 2024Discover the hidden dynamics shaping Dutch housing associationsLearn more about Dutch housing associations and how they manage to balance social objectives and financial restraints in their investment strategy.
-
22 January 2024Driving Social ImpactHousing association case study in driving social impact by implementing investment strategy while emphasizing the alignment of their mission with actionable objectives.
-
22 January 2024Board dynamics at housing associationsLearn more about boardy dynamics at Dutch housing associations. How different stakeholders represent different objectives.