Reiner Christian, Musil Robert
Lauder Business School, Hofzeile 18-20, 1190 Vienna, Austria.
Institute for Urban and Regional Research, Austrian Academy of Sciences, Bäckerstraße 13, 1010 Vienna, Austria.
Jahrb Reg Wiss. 2023;43(1):125-146. doi: 10.1007/s10037-022-00176-z. Epub 2023 Jan 23.
Debates accompanying the global housing boom have primarily focussed on the economic and social implications for urban housing markets. Against this background, this paper analyses the repercussions for regional land prices of a national housing boom in and beyond agglomerations. Convergence and divergence dynamics, regional price drivers, and spatial diffusion are investigated by examining average building-land prices of 95 Austrian regions between 2000 and 2018. The results indicate a clear increase in regional disparities in land prices, with the main rise taking place during a high price-growth period. Regions with high land prices are the main drivers of divergence, while a substantial number of peripheral regions with converging land prices were hardly affected by the national price boom. Land-price growth rates are positively affected by the number of households but negatively impacted by income growth, which points to a problematic decoupling of household income and land prices. Finally, the diffusion of the land-price boom occurs along the urban hierarchy as well as via neighbouring regions, confirming the ripple-effect hypothesis.
伴随全球房地产热潮而来的争论主要集中在城市住房市场的经济和社会影响上。在此背景下,本文分析了城市群内外全国性房地产热潮对区域土地价格的影响。通过研究2000年至2018年奥地利95个地区的平均建筑用地价格,对趋同和趋异动态、区域价格驱动因素以及空间扩散进行了调查。结果表明,土地价格的区域差距明显加大,主要涨幅发生在价格快速增长期。高地价地区是差距扩大的主要推动因素,而大量地价趋同的外围地区几乎未受全国性房价热潮的影响。地价增长率受到家庭数量的正向影响,但受到收入增长的负向影响,这表明家庭收入与地价之间存在问题性的脱钩。最后,地价热潮沿着城市层级以及通过相邻地区扩散,证实了涟漪效应假说。