The housing market has certain characteristic features, which distinguish it from the majority of other commodity markets. These special features are due to the supply side. A house or flat is a capital good of unusually long life. It is geographically fixed. The production costs per unit are high.
Weitere Kapitel dieses Buchs durch Wischen aufrufen
- A Disaggregated Housing Market Model
- Palgrave Macmillan UK
- Chapter 4