Owning, letting and demanding second homes in Denmark

Gintautas Bloze, Morten Skak

Research output: Contribution to conference without publisher/journalPaperResearchpeer-review

Abstract

An increasing number of households consume housing beyond the primary home as owners of a second home. Economic studies of non-speculative demand for second homeownership are still scarce, and the present empirical study fills this gap to some extent. It is based on Danish survey data combined with administrative register data and presents estimations of the probability of owning a second home, the decision to let the second home and the number of let weeks per year. Also income elasticities for primary and second housing demand are estimated. We find a conventional monotonic increase in demand elasticities for primary housing demand for non-owners of second homes; however, owners of second homes have the highest income elasticity in the middle income group.
Original languageEnglish
Publication dateJan 2014
Number of pages32
Publication statusPublished - Jan 2014
EventENHR Private Rented Markets Seminar: The Future of Private Renting in Europe - Copenhagen Business School, København, Denmark
Duration: 20. Mar 201421. Mar 2014

Conference

ConferenceENHR Private Rented Markets Seminar
LocationCopenhagen Business School
CountryDenmark
CityKøbenhavn
Period20/03/201421/03/2014

Cite this

Bloze, G., & Skak, M. (2014). Owning, letting and demanding second homes in Denmark. Paper presented at ENHR Private Rented Markets Seminar, København, Denmark.
Bloze, Gintautas ; Skak, Morten. / Owning, letting and demanding second homes in Denmark. Paper presented at ENHR Private Rented Markets Seminar, København, Denmark.32 p.
@conference{dfa2a55ce2fe4b8f9d3e215574502e4a,
title = "Owning, letting and demanding second homes in Denmark",
abstract = "An increasing number of households consume housing beyond the primary home as owners of a second home. Economic studies of non-speculative demand for second homeownership are still scarce, and the present empirical study fills this gap to some extent. It is based on Danish survey data combined with administrative register data and presents estimations of the probability of owning a second home, the decision to let the second home and the number of let weeks per year. Also income elasticities for primary and second housing demand are estimated. We find a conventional monotonic increase in demand elasticities for primary housing demand for non-owners of second homes; however, owners of second homes have the highest income elasticity in the middle income group.",
author = "Gintautas Bloze and Morten Skak",
year = "2014",
month = "1",
language = "English",
note = "null ; Conference date: 20-03-2014 Through 21-03-2014",

}

Bloze, G & Skak, M 2014, 'Owning, letting and demanding second homes in Denmark', Paper presented at ENHR Private Rented Markets Seminar, København, Denmark, 20/03/2014 - 21/03/2014.

Owning, letting and demanding second homes in Denmark. / Bloze, Gintautas; Skak, Morten.

2014. Paper presented at ENHR Private Rented Markets Seminar, København, Denmark.

Research output: Contribution to conference without publisher/journalPaperResearchpeer-review

TY - CONF

T1 - Owning, letting and demanding second homes in Denmark

AU - Bloze, Gintautas

AU - Skak, Morten

PY - 2014/1

Y1 - 2014/1

N2 - An increasing number of households consume housing beyond the primary home as owners of a second home. Economic studies of non-speculative demand for second homeownership are still scarce, and the present empirical study fills this gap to some extent. It is based on Danish survey data combined with administrative register data and presents estimations of the probability of owning a second home, the decision to let the second home and the number of let weeks per year. Also income elasticities for primary and second housing demand are estimated. We find a conventional monotonic increase in demand elasticities for primary housing demand for non-owners of second homes; however, owners of second homes have the highest income elasticity in the middle income group.

AB - An increasing number of households consume housing beyond the primary home as owners of a second home. Economic studies of non-speculative demand for second homeownership are still scarce, and the present empirical study fills this gap to some extent. It is based on Danish survey data combined with administrative register data and presents estimations of the probability of owning a second home, the decision to let the second home and the number of let weeks per year. Also income elasticities for primary and second housing demand are estimated. We find a conventional monotonic increase in demand elasticities for primary housing demand for non-owners of second homes; however, owners of second homes have the highest income elasticity in the middle income group.

M3 - Paper

ER -

Bloze G, Skak M. Owning, letting and demanding second homes in Denmark. 2014. Paper presented at ENHR Private Rented Markets Seminar, København, Denmark.