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Abstract:

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CentrePiece Article
Second home investments
Christian Hilber
November 2018
Paper No' CEPCP543:
Full Paper (pdf)

CentrePiece 23 (3) Autumn 2018


Tags: housing; local residents; second homes

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.