• DOI:10.2139/ssrn.936331
• Corpus ID: 15251048

Housing Satisfaction, Homeownership and Housing Mobility: A Panel Data Analysis for Twelve EU Countries

@article{DiazSerrano2006HousingSH,
  title={Housing Satisfaction, Homeownership and Housing Mobility: A Panel Data Analysis for Twelve EU Countries},
  author={Luis Diaz-Serrano},
  journal={European Economics eJournal},
  year={2006}
}

• Luis Diaz-Serrano
• Published 1 September 2006
• Economics
• European Economics eJournal

We investigate the determinants of housing satisfaction in twelve EU countries. To do so, we use panel data covering the period 1994-2001, which allows us to control for individual heterogeneity. We carry out separate estimates on the determinants of housing satisfaction for homeowners and for renters and observe that: i) the tenure status is critical in determining the level of housing satisfaction; ii) housing satisfaction acts as trigger event of housing mobility, and; iii) dissatisfied renters are more likely to move than their homeowners counterparts. Our results also allow us to conclude that self-reported housing satisfaction is a meaningful variable able to explain individual’s objective economic behavior, since it is able to anticipate movements in the households’ demand for housing.