Volume 12, Issue 45 (11-2021)                   jemr 2021, 12(45): 53-82 | Back to browse issues page


XML Persian Abstract Print


Download citation:
BibTeX | RIS | EndNote | Medlars | ProCite | Reference Manager | RefWorks
Send citation to:

izadkhasti H, Arab Mazar A, Refahi M. Investigating the Factors Affecting Housing rent in Urban Areas of Iran with Emphasis on Urban Grouping. jemr 2021; 12 (45) : 2
URL: http://jemr.khu.ac.ir/article-1-2243-en.html
1- Shahid Beheshti University , h_izadkhasti@sbu.ac.ir
2- Shahid Beheshti University
Abstract:   (2928 Views)
Rental housing has been affected by housing prices in different periods and the growth of housing prices has reduced the purchasing power of housing applicants and increased the percentage of rented households. Therefore, any recession and boom in the housing sector has a direct impact on the housing rental market, and planning to control the rental market will not be achieved without considering the housing market. In this regard, the purpose of this study is to investigate the factors affecting housing rent based on two groups included large, small and medium cities in Iran using the Generalized moment method (GMM) in the period (2008-2018). The results show that housing rental prices in the previous period, housing prices, land leverage and real per capita income of urban households had the most positive impact on housing rents in both large and small and medium cities. Also, the impact of housing prices and rental prices in the previous period has been greater in large cities. Also, Housing bank facilities, the number of urban marriages and the real interest rate were other variables affecting the rental price of housing in urban areas.
Article number: 2
Full-Text [PDF 527 kb]   (1449 Downloads)    
Type of Study: Applicable | Subject: شهری و منطقه ای
Received: 2022/03/2 | Accepted: 2022/08/23 | Published: 2022/11/6

References
1. Abedin Darkoosh, S., & Rahimian, S. (2009). "Analysis of factors affecting housing prices in urban areas of Iran during the period (1370-1385): with emphasis on urban grouping", Quarterly Journal of Housing Economics, 46. 117-37. (In Persian)
2. Asadpour, A. A. (2019). "The effect of inflation uncertainty and macroeconomic variables on housing prices in Iran", Journal of Economic Growth and Development Research, 37, 141-131. (In Persian)
3. Baltagi, B. (2008). Econometric analysis of panel data. John Wiley & Sons.
4. Bourassa, S. C., Hoesli, M., Scognamiglio, D., & Zhang, S. (2011). "Land leverage and house prices. Regional Science and Urban Economics", 41(2), 134-144. [DOI:10.1016/j.regsciurbeco.2010.11.002]
5. DiPasquale, D., & Wheaton, W. C. (1992). "The markets for real estate assets and space: A conceptual framework". Real Estate Economics, 20 (2), 181-198. [DOI:10.1111/1540-6229.00579]
6. Fan, G-Z., Pu, M., Deng, X., & Eng Ong, S. (2018). "Optimal portfolio choices and the determination of housing rents under housing market uncertainty", Journal of Housing Economics, 41: 200-217. [DOI:10.1016/j.jhe.2018.06.003]
7. Gallin, J. (2004). "The Long-Run Relationship between House Prices and Rents", Available at SSRN: https://ssrn.com/abstract=633082 [DOI:10.2139/ssrn.633082]
8. Gan, Q., Hill, R. J. (2008). "A new perspective on the relationship between house pricesand income". School of Economics University of New South Wales. [DOI:10.2139/ssrn.1313073]
9. Gholizadeh, A.A., & Aghiqi, B. (2015). "Land Leverage and Housing Price Fluctuation in Iran", Iranian Journal of Applied Economic Studies, 4 (14), 67-49. (In Persian)
10. Gholizadeh, A. A., and Nowrozi-nejad, M. (2018). Housing Price Dynamics and Economic Fluctuations in Iran with a Stochastic Dynamic General Equilibrium Approach, Economic Modeling Research Quarterly, No. 36, pp. 37-73. (In Persian) [DOI:10.29252/jemr.9.36.37]
11. Hirota, S., Löffelholz, K-S., and Udagawa, D. (2020). "Does owners' purchase price affect rent offered? Experimental evidence", Journal of Behavioral and Experimental Finance, 25: 100260. [DOI:10.1016/j.jbef.2019.100260]
12. Hyslop, D.R., Rea, D. (2019). Do housing allowances increase rents? Evidence from a discrete policy change, Journal of Housing Economics 46, 101657. [DOI:10.1016/j.jhe.2019.101657]
13. Izdkhasti, H., Arab Mazar, A., & Ahmadi, K. (2019). "Analysis of the Impact of Taxes on Real Estate and Housing Transfer on Reducing Housing Market Turbulence in Urban Areas of Iran", Quarterly Journal of Economic Research and Policy, 91, 155-191. (In Persian)
14. Kuroda, Y. (2018). "The effect of school quality on housing rents: Evidence from Matsue city in Japan", Journal of The Japanese and International Economies, 50:16-25. [DOI:10.1016/j.jjie.2018.05.002]
15. Li, H. & Wei, Y. D. & Wu, Y., (2019). "Analyzing the private rental housing market in Shanghai with open data," Land Use Policy, 1 (85), 271-284. [DOI:10.1016/j.landusepol.2019.04.004]
16. Lima, V. (2020). "The financialization of rental housing: Evictions and rent regulation", Cities, 105: 102787. [DOI:10.1016/j.cities.2020.102787]
17. Maleki, B. (2016). "Housing Market Analysis in Iran", Fourth Edition, Industrial Management Organization Publications. (In Persian)
18. Mankiw, N. G., Weil, D. N. (1989). "The baby boom, the baby bust, and the housing market". Regional Science and Urban Economics, 19 (2), 235-258. [DOI:10.1016/0166-0462(89)90005-7]
19. Mayer, C. J., & Somerville, C. T. (1996). "Regional housing supply and credit constraints". New England Economic Review, 39.
20. Mehregan, N., & Ghaffari, V. (2016). "Factors Affecting Rents in Iranian Cities Using Composite Data", Journal of Housing Economics, 56, 100-177. (In Persian)
21. Mousavi, M.H., & Droudian, H. (2015). "Analysis of Factors Affecting Housing Prices in Tehran", Economic Modeling Quarterly, Year 9, 127-103. (In Persian)
22. Poterba, J. M. (1984). "Tax subsidies to owner-occupied housing: an asset-market approach". The quarterly journal of economics, 4 (99),729-752. [DOI:10.2307/1883123]
23. Rahmani, T., & Isfahani, P. (2015). "An Analysis of the Impact of Supply and Demand Factors on Housing Prices in Iran", Housing Economics Quarterly, 55, 11-30. (In Persian)
24. Wang, H. (2020). "Stickiness of rental rate and housing vacancy rate", Economics Letters, 195: 109487. [DOI:10.1016/j.econlet.2020.109487]
25. Wen, H., Goodman, A. C. (2013). "Relationship between urban land price and housing price: Evidence from 21 provincial capitals in China". Habitat International, 40, 9-17. [DOI:10.1016/j.habitatint.2013.01.004]
26. Wang, H. (2020). "Stickiness of rental rate and housing vacancy rate", Economics Letters, 195: 109487. [DOI:10.1016/j.econlet.2020.109487]
27. Xu, T. (2017). "The Relationship between Interest Rates, Income, GDP Growth and House Prices". Research in Economics and Management, 2 (1), 30. [DOI:10.22158/rem.v2n1p30]

Add your comments about this article : Your username or Email:
CAPTCHA

Send email to the article author


Rights and permissions
Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

© 2024 CC BY-NC 4.0 | Journal of Economic Modeling Research

Designed & Developed by : Yektaweb