Template-type: ReDIF-Paper 1.0
Author-Name: Kathrin Degen
Author-Name-First: Kathrin
Author-Name-Last: Degen
Author-Name: Andreas M. Fischer
Author-Name-First: Andreas M.
Author-Name-Last: Fischer
Author-Person: pfi23
Title: Immigration and Swiss House Prices
Abstract: This study examines the behavior of Swiss house prices to immigration flows for 85 districts from 2001 to 2006. The results show that the nexus between immigration and house prices holds even in an environment of low house price inflation, nationwide rent control, and modest immigration flows. An immigration inflow equal to 1% of an area's population is coincident with an increase in prices for single-family homes of about 2.7%: a result consistent with previous studies. The overall immigration effect for single-family houses captures almost two-thirds of the total price increase.
Length: 37 pages
Creation-Date: 2010
Contact-Email: forschung@snb.ch
File-URL: https://www.snb.ch/en/publications/research/working-papers/2010/working_paper_2010_16
File-Format: text/html
Number: 2010-16
Classification-JEL: F22, J61, R21
Keywords: Immigration, Housing Prices
Handle: RePEc:snb:snbwpa:2010-16