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RESEARCH

CAN BIG DATA INCREASE OUR KNOWLEDGE OF LOCAL RENTAL MARKETS? A DATASET ON THE RENTAL SECTOR IN FRANCE

[ARTICLE] This paper introduces a new dataset on local rental markets in France, derived from webscraped online ads, which provides unbiased and comprehensive coverage. The study uses hedonic models to analyze rent-price ratios, showing that rents rise less than prices in tight markets, and estimates market rents for transactions and social dwellings to assess in-kind benefits for social tenants.

by Guillaume CHAPELLE (ESSEC Business School),  Jean Benoît Eyméoud

Social Scientists and policy makers need precise data on market rents. Yet, while housing prices are systematically recorded, few accurate data sets on rents are available. In this paper, we present a new data set describing local rental markets in France based on online ads collected through to webscraping. Comparison with alternate sources reveals that online ads provide a non biased picture of rental markets and allow coverage of the whole territory. We then estimate hedonic models for prices and rents and document the spatial variations in rent-price ratios. We show that rents do not increase as much as prices in the tightest housing markets. We use our dataset to estimate the market rent of each transaction and of social dwellings. In the latter case,this allows us to estimate the in-kind benefit received by social tenants which is mainly driven by the level of private rent in their municipality.

[Please read the research paper here]

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