Skandia Award 2021 – How will the covid pandemic reshape residential and commercial property markets?
The 2021 Skandia Award seminar. In this seminar, Professor Stijn Van Nieuwerburgh discussed how the COVID-19 pandemic has impacted and will continue to reshape residential and commercial property markets.
The COVID-19 pandemic is the most profound shock to real estate markets globally in our lifetimes. It has triggered a migration wave from the urban core to the suburbs, affecting house prices and rents of most metropolitan areas. While some of the changes will fade as the virus is brought under control and the economy rebounds, some changes will probably be permanent. What are the implications for cities, property markets, and housing affordability? This seminar addresses these questions.
Professor Stijn Van Nieuwerburgh from Columbia University is the recipient of Skandia's 2021 research award on "Long-Term Savings" for his contributions regarding banking, insurance, and financial services. He presented his findings during a digital seminar, followed by a Q&A moderated by Professor Magnus Dahlquist , The Swedish House of Finance at the Stockholm School of Economics.
Stijn Van Nieuwerburgh is Professor of Real estate at Columbia University Graduate School of Business where he has taught since 2018. Prior to that, he was the Professor of Finance at the NYU Stern School of Business. He is the incoming President of the American Real Estate and Urban Economics Association. He serves on the Model Validation Committee, advising the Federal Reserve on the bank stress tests. He is an Independent Director at Moody's Investor Services and member of the editorial board at several finance and economic journals.
His academic awards include the Bernácer Prize to the best E.U. economist under 40 years of age, the TIAA Paul A. Samuelson Award for research on lifelong financial security, and the best paper award from Real Estate Economics.
In order to increase knowledge of how long-term savings contribute to a sustainable society the Thule Foundation at Skandia supports research in the area of ‘Long-term savings.’ The Foundation provides graduate and postgraduate scholarships, master & bachelor theses awards, and, as in the present case, a research prize for outstanding researchers through the annual Skandia Award.