OECD Regional Development Papers
- Continues:
- OECD Regional Development Working Papers
Papers from the Centre for Entrepreneurship, SMEs, Regions and Cities of the OECD cover a full range of topics including regional statistics and analysis, urban governance and economics, rural governance and economics, and multi-level governance. Depending on the programme of work, the papers can cover specific topics such as regional innovation and networks, sustainable development, the determinants of regional growth or fiscal consolidation at the subnational level.
- ISSN: 27094065 (online)
- https://doi.org/10.1787/267a6231-en
Expanding the doughnut? How the geography of housing demand has changed since the rise of remote work with COVID-19
The rise of remote working in connection with the COVID-19 pandemic may have reshaped people’s preferences on residential locations, thus generating a new geography of housing demand. So far, the literature has mainly focused on what has become known as the “doughnut effect”, the hollowing out of large metropolitan centres towards their respective suburban areas (“commuting zones”). However, changes in residential preferences might have affected urban and rural living in more nuanced ways. This paper shows that changes in relative house prices – a proxy for short-term changes in demand for home ownership (“housing demand”) – have gone beyond the metropolitan boundaries, consistent with the idea of longer but less frequent home to work commuting. Interestingly, we are not seeing a re-emerging preference for rural life as such but, rather, a desire to move to places that combine the benefits of rural and urban life. In the areas outside the main metropolitan centres but within the commuting zones, housing demand has increased the most in low density, more affordable, settlements (rural). In contrast, beyond the boundaries of large metropolitan areas, where most space tends to be rural, housing demand has increased the most in high-density settlements (cities).
- Click to access:
-
Click to download PDF - 4.27MBPDF