To Own or to Rent? The Effects of Transaction Taxes on Housing Markets.

Using sales and leasing data, this paper finds three novel effects of a higher property transaction tax: higher buy-to-rent transactions alongside lower buy-to-own transactions despite both being taxed, a lower sales-to-leases ratio, and a lower price-to-rent ratio. This paper explains these facts b...

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Bibliographic Details

Published in:	Review of Economic Studies Vol. 93; no. 4; pp. 2605 - 2646
Main Authors:	Han, Lu, Ngai, L Rachel, Sheedy, Kevin D
Format:	Article
Published:	Oxford University Press / USA Jul2026
Subjects:	Housing market Home ownership House buying Property tax
Online Access:	View this record in EBSCOhost