Abstract
Determination of the demand for home ownership is analyzed. Determinants includeprices and short—and medium term price changes, public regulation, competition fromalternative residence forms, social composition of population, economic ability, andcongestion. The study applies a parametric spatially adjusted SUR approach, so thatdynamic as well as spatial patterns are controlled for simultaneously and further analyzesthe effects of spatial spillover using a non-parametric spatial filtering approach. Theimportance of adjusting for spatial spillover is confirmed, but we show that parametricand non-parametric approaches may lead to substantially different conclusions regardingexplanation of homeownership rate variations.
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