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Housing market dynamics, public policies and spatial inequalities

Université Paris-Dauphine - PARIS - 2020

This project assesses the impact of public policies on housing markets and segregation, which have been overlooked in France, except for housing subsidies. However, public authorities are likely to affect housing markets and residential mobility through a wide variety of other legal and regulatory instruments. First, the transport deregulation operated since the 1980s, which has fostered the entry and competition of transport operators on certain routes, changed the spatial attractiveness of locations and may have had a knock-on effect on housing markets and residential segregation. In addition, rent control policies are increasingly being used to limit the rise of house prices in large cities, and secure affordable housing for low-to-middle-income households. Over the past thirty years, place-based policies have also offered a wide variety of tax cuts to encourage businesses to settle in deprived urban neighbourhoods and to offer jobs to unemployed residents. Finally, the financialization of the real estate sector allowed by liberalization measures such as the 2003 permission to create a Société d’Investissement Immobilier Côtée, has also likely affected residential segregation.