Local Effects of a Pandemic: A Holistic Assessment of the Austrian Residential Housing Market


Type Research Project

Funding Bodies
  • OeNB Anniversary Fund

Duration March 1, 2022 - Feb. 28, 2025

  • Department of Economics (Crespo Cuaresma) AE (Details)

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Abstract (English)

The LocHouse project proposes a comprehensive framework for monitoring and causally identifying disruptions in the Austrian housing market in the context of the COVID19 pandemic. Therefore, we exploit a comprehensive micro-data source on real estate transactions and rent adverts. These data supplemented by a variety of COVID19-related measures inform pan-Austrian hierarchical regression models fit for identifying direct and indirect effect over various phases of the COVID19 pandemic. These models are further made use of to identify segment-specific disruptions and predict effects under future counter-factual housing market scenarios.

Partners

  • Gregor Zens (Bocconi University) - Italy
  • Wagner, Karin (OeNB) - Austria
  • Wolfgang Brunauer (DataScience Service GmbH) - Austria

Publications

Classification

  • 5329 Economics of location (Details)