Housing Inequality and how Fiscal Policy shapes it: Evidence from Belgian Real Estate

We use detailed information on all real estate stock and transactions since 2006 to study housing inequality in Belgium and how a recent policy shaped it. We use the transactions to predict the market value of all dwellings in the country, to then estimate inequality in value or space at different levels of aggregation - from the federal to the local neighborhood level. Overall inequality is relatively low (Gini of 0.25), but significant heterogeneity exists across and within municipalities. Using a dfferences-in-differences framework, we study how Flanders's recent 3% reduction in registratio... Mehr ...