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Paper No' CEPCP543: | Full paper
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Keywords: housing;local residents;second homes
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This Paper is published under the following series: CentrePiece Magazine
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Abstract:Investment in second homes has been surging around the world. Christian Hilber explores the underlying causes of this boom and the political backlash against wealthy investors. His analysis explains how one increasingly popular policy – banning new second home investments in desirable tourist locations – may end up hurting rather than helping local residents. It may even lead to a further rise in wealth inequality.
CentrePiece 23 (3) Autumn2018 pages: 25-28
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