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New Geography:
LSE/Netherlands research documents price effects of tight housing regulation

12 April 2016

New research by London school of economics Professor Christian Hilber and Wouter Vermeulen of the Netherlands Bureau for Economic Policy Analysis provides strength and evidence of the connection between high housing prices and strong regulatory constraints. The paper advances the science by estimating the share of house price increases attributable to regulatory constraints. Hilbur and Vermeulen show that supply constraints are considerably more important in driving up house prices than the physical constraints (such as lack of land or topography) and lending conditions or interest rates.

This article was published online by NewGeography on April 12, 2016
Link to article here

Related article
April 10, 2016
Vox
Regulation is to blame for England's surge in house prices, Christian Hilber and Wouter Vermeulen

Related publications
The Impact of Supply Constraints on House Prices in England, C. A. L. Hilber and Wouter Vermeulen, Economic Journal 126(591): 358–405, March 2016.
The Impact of Supply Constraints on House Prices in England, Christian A. L. Hilber and Wouter Vermeulen, Urban Programme [SERC] Discussion Paper No.119, September 2012

Related links
Christian Hilber webpage
Urban Programme webpage

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