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041 _afre
042 _adc
100 1 0 _aAmédée-Manesme, C
_eauthor
700 1 0 _a Baroni, Michel
_eauthor
700 1 0 _a Barthélémy, Fabrice
_eauthor
245 0 0 _aA paradigm shift of Paris housing returns dynamics
260 _c2020.
500 _a74
520 _aThis article follows Baroni, Barthélémy and Mokrane [2008]. In their work, the authors propose a factorial model to explain the price dynamics of Paris and its suburbs based on a set of predefined economic and financial variables. The article seeks to bring out the recent changes on the weight of explanatory factors. The main results are first that the model developed by Baroni, Barthélémy and Mokrane keeps a good explanatory power over time and second, that factors weights largely change during the past years. So, it is now possible to assert that Paris housing market has entered a new paradigm. In particular, the article shows that the impact of rents on real estate capital return has recently increased in opposite with the one of the interest rates.Classification JEL: C20, G00.
690 _aindexes
690 _afactors
690 _ahousing
786 0 _nRevue économique | 71 | 4 | 2020-06-30 | p. 751-765 | 0035-2764
856 4 1 _uhttps://shs.cairn.info/journal-revue-economique-2020-4-page-751?lang=en&redirect-ssocas=7080
999 _c546613
_d546613