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 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.
Published on May 12, 2023
In series:OECD Economics Department Working Papersview more titles