Running hot and cold in the urban home-ownership market: The experience of Japan’s major cities

Running hot and cold in the urban home-ownership market: The experience of Japan’s major cities
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DOI:
10.1007/s10901-005-6762-1
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发表时间:
2005-03
影响因子:
1.9
通讯作者:
Y. Hirayama
Y. Hirayama
中科院分区:
经济学4区
文献类型:
--
作者:
Y. Hirayama

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20世纪90年代初“泡沫经济”崩溃时,日本城市房屋所有权的稳定性受到了破坏。本文的着眼点不仅在于后泡沫经济衰退时期日本住宅市场的社会经济变化,还在于日本主要城市住宅市场的唐斯。自20世纪90年代中期以来,社会分化为城市住房所有权创造了一个新的环境。长期的经济衰退和促进住房建设和城市再开发的政策相结合,将城市空间分为住房市场日益活跃的“热点”和市场持续不活跃的“冷点”。
Urban home-ownership in Japan was destabilised when the ‘bubble economy’ collapsed at the beginning of the 1990s. This paper looks beyond the social and economic changes in Japanese housing in the post-bubble recession to focus on the ups and downs in current home-ownership markets in Japan’s major cities. Since the mid-1990s, social fragmentation has created a novel environment for urban home-ownership. The combination of a prolonged recession and a policy to promote housing construction and urban redevelopment has split urban space into ‘hot spots’, where the housing market is increasingly active, and ‘cold spots’, where the market is persistently inactive.