Pakistan Science Abstracts
Article details & metrics
No Detail Found!!
Urban Housing Dynamics and the Impact of Planning Policies on Supply, Demand, and Affordability
Author(s):
1. Shi Xu: Department of Real Estate, Yeongsan University,Busan,Korea
Abstract:
Housing affordability in urban centres remains a concern in many jurisdictions around the world due to growth in urbanisation, increasing demand for the commodity, and due to social and economic differences. Within this research, the effects of urban planning policies on the housing supply, demand, and price are explored using the case studies of London, Sydney and Shanghai. These cities have different planning regimes and markets and provide useful lessons on the prospects and problems of urban housing policy. The study follows the acknowledgment that restrictive zoning in London, including green belt controls, restricts the supply of land and thereby increases housing costs even with liberal policies such as density bonuses. In Sydney, there are initial positive signs of inclusionary zoning policies but achieving its application is an issue because of high land prices and irregular application. Speculative investments and rising city status have made houses expensive within Shanghai even when house supply is high and through measures such as a ban on multiple house purchases. In all three cities, the issue of the high cost of housing continues to be a major concern because the costs of houses are far higher than the income being generated in the market. According to the study, those policies should be aimed at correcting supply-demand relations, moderating speculation and encouraging the construction of affordable housing in the long term. About sustainability and inclusion important components of the approach to urban housing are discussed. The findings of this study will help policymakers formulate relevant public policies that would help to increase access to adequate housing across the globe and help to reduce the growing problem of affordable housing in urban areas.
Page(s): 5769-5785
Published: Journal: Pakistan Journal of Life and Social Sciences, Volume: 23, Issue: 1, Year: 2025
Keywords:
Housing affordability Urbanisation Urban planning policies Housing costs Land prices Supplydemand relations Sustainability and policymakers
References:
[1] Adil A. M.,Ko Y. .2015 .Socio-technical evolution of Decentralized Energy Systems: A critical review and implications for urban planning and policy. Renewable and Sustainable Energy Reviews, 12 : 1025-1037.
[2] Ahmad S. .2015 .Housing demand and housing policy in urban Bangladesh. Urban Studies, 52(4) : 738-755.
[3] Akinsulire A. A.,Idemudia C.,Okwandu A. C.,Iwuanyanwu O. .2024 .Strategic planning and investment analysis for affordable housing: Enhancing viability and growth. Magna Scientia Advanced Research and Reviews, 11(2) : 0114-131.
[4] Alawadi K.,Khanal A.,Almulla A. .2018 .Land, urban form, and politics: a study on Dubai's housing landscape and rental affordability. Cities, 04 : 115-130.
[5] Al-Masum M. A.,Lee C. L. .2019 .Modelling housing prices and market fundamentals: evidence from the Sydney housing market. International Journal of Housing Markets and Analysis, 12(4) : 746-762.
[6] Baker T.,Ruming K. .2015 .Making 'Global Sydney': Spatial imaginaries, worlding and strategic plans. International journal of urban and regional research, 39(1) : 12183-2427.
[7] Bangura M.,Lee C. L. .2018 .The differential geography of housing affordability in Sydney: a disaggregated approach. Australian Geographer, 50(3) : 295-313.
[8] Bangura M.,Lee C. L. .2019 .House price diffusion of housing submarkets in Greater Sydney. Housing Studies, 35(6) : 1110-1141.
[9] Bangura M.,Lee C. L. .2020 .Housing price bubbles in Greater Sydney: Evidence from a submarket analysis. Housing Studies, 37(1) : 143-178.
[10] Been V.,Ellen I. G.,O'Regan K. .2018 .Supply skepticism: Housing supply and affordability. Housing Policy Debate, 29(1) : 25-40.
[11] Beswick J.,Alexandri G.,Byrne M.,Vives-Miró S.,Fields D.,Hodkinson S.,Janoschka M. .2016 .Speculating on London's housing future: The rise of global corporate landlords in 'post-crisis' urban landscapes. City, 20(2) : 321-341.
[12] Bibri S. E.,Krogstie J.,Kärrholm M. .2020 .Compact city planning and development: Emerging practices and strategies for achieving the goals of sustainability. Developments in the built environment. , 4 : .
[13] Bramley G.,Watkins D. .2014 .Housebuilding, demographic change and affordability as outcomes of local planning decisions: exploring interactions using a sub-regional model of housing markets in England. , 10 : 1-35.
[14] Cai W.,Lu X. .2015 .Housing affordability: Beyond the income and price terms, using China as a case study. Habitat international, 01 : 169-175.
[15] Li J. .2015 .Recent trends on housing affordability research: where are we up to?. , : 2555439.
[16] Li L. H.,Wong S. K. K.,Cheung K. S. .2016 .Land supply and housing prices in Hong Kong: The political economy of urban land policy. Environment and planning C: Government. , 34(5) : 981-998.
[17] Liu R.,Li T.,Greene R. .2019 .Migration and inequality in rental housing: Affordability stress in the Chinese cities. Applied Geography, 115 : .
[18] MacAskill S.,Mostafa S.,Stewart R. A.,Sahin O.,Suprun E. .2021 .Offsite construction supply chain strategies for matching affordable rental housing demand: A system dynamics approach. Sustainable Cities and Society, 73 : .
[19] MacDonald H. .2014 .'Fantasies of consensus:'Planning reform in Sydney,. Planning Practice and Research, 30(2) : 115-138.
[20] Mansour S.,Al-Belushi M.,Al-Awadhi T. .2019 .Monitoring land use and land cover changes in the mountainous cities of Oman using GIS and CA-Markov modelling techniques. Land use policy, 91 : .
[21] McGrane S. J. .2015 .Impacts of urbanisation on hydrological and water quality dynamics, and urban water management: a review. Hydrological Sciences Journal, 61(13) : 2295-2311.
[22] Molloy R. .2020 .The effect of housing supply regulation on housing affordability: A review. Regional science and urban economics, 5 : 5.
[23] Murphy L. .2016 .The politics of land supply and affordable housing: Auckland's Housing Accord and Special Housing Areas. Urban studies, 53(12) : 2530-2547.
[24] Housing Supply Council National .2012 .-housingsupply-demand-balance-chapter. , : .
[25] Office .2023 .Housing affordability in England and Wales: 2023. , : .
[26] Öztürk A.,Kapusuz Y. E.,Tanrıvermiş H. .2018 .The dynamics of housing affordability and housing demand analysis in Ankara. International Journal of Housing Markets and Analysis, 11(5) : 828-851.
[27] Samad D.,Zainon N.,Rahim F. A. M.,Lou E. .2017 .Malaysian affordability housing policies revisited. , 42(1) : 44-51.
[28] Land Use Map Shanghai .2025 .. , : .
[29] Sharifi A.,Khavarian-Garmsir A. R. .2020 .The COVID-19 pandemic: Impacts on cities and major lessons for urban planning, design, and management. Science of the total environment, 749 : .
[30] Wirth Von,Fuenfschilling T.,Frantzeskaki L.,Coenen N.,L. N. .2018 .Impacts of urban living labs on sustainability transitions: Mechanisms and strategies for systemic change through experimentation. European Planning Studies, 27(2) : 229-257.
[31] Wetzstein S. .2017 .The global urban housing affordability crisis. Urban studies, 54(14) : 3159-3177.
[32] Winke T. .2021 .Housing affordability sets us apart: The effect of rising housing prices on relocation behaviour. Urban Studies, 58(12) : 2389-2404.
[33] Wolff M.,Wiechmann T. .2018 .European urban and regional studies. , 25(2) : 122-139.
[34] Wyly E. .2022 .YIMBY: The latest frontier of gentrification. International Journal of Urban and Regional Research, 46(2) : 13067-2427.
[35] Xiang X.,Li Q.,Khan S.,Khalaf O. I. .2020 .Urban water resource management for sustainable environment planning using artificial intelligence techniques. Environmental Impact Assessment Review, 86 : .
[36] Yap J. B. H.,Ng X. H. .2018 .Housing affordability in Malaysia: perception, price range, influencing factors and policies. International Journal of Housing Markets and Analysis, 11(3) : 476-497.
Citations
Citations are not available for this document.
0

Citations

0

Downloads

11

Views