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Drivers of Homeownership Rates in Selected OECD Countries

Andrews, Dan; Sánchez, Aida Caldera - Economics Department, Organisation de Coopération et … - 2011

Homeownership rates have increased significantly in many OECD countries over recent decades. Using micro-econometric decomposition techniques, this paper shows that part of this increase can be explained by changes in the characteristics of households, including age, household structure, incomes...

Persistent link: https://www.econbiz.de/10008873251

How to Improve the Economic Policy Framework for the Housing Market in Israel

Hemmings, Philip - Economics Department, Organisation de Coopération et … - 2011

Israeli house prices have risen by over 50% over the past three years. In part this reflects the fact that for several years housing construction had not kept pace with increases in the number of households. In response to these developments, hitherto sluggish planning-approval processes are...

Persistent link: https://www.econbiz.de/10009386331

Real House Prices in OECD Countries: The Role of Demand Shocks and Structural and Policy Factors

Andrews, Dan - Economics Department, Organisation de Coopération et … - 2010

high rates of leverage are found to amplify house price volatility. Estimates suggest that tax reliefs on mortgage debt … such policies to encourage leverage. While higher transaction costs are associated with lower house price volatility, this … to contain the excessive build-up of leverage are shown to significantly reduce the extent of house price volatility …

Persistent link: https://www.econbiz.de/10008764468

Improving the Functioning of the Housing Market in the United Kingdom

André, Christophe - Economics Department, Organisation de Coopération et … - 2011

A well-functioning housing market is essential for economic prosperity and well-being. A combination of favourable economic and financial conditions and tight housing supply led to sharp increases in real house prices between the mid-1990s and end 2007, which spurred household consumption. While...

Persistent link: https://www.econbiz.de/10009643456

Building Blocks for a Better Functioning Housing Market in Chile

Sánchez, Aida Caldera - Economics Department, Organisation de Coopération et … - 2012

Chile has made good progress in improving housing conditions, but still around 10% of the population lives in either overcrowded houses, or of inadequate quality and/or with poor access to basic services. Improving further housing conditions of the poor is important for curbing poverty and...

Persistent link: https://www.econbiz.de/10009645560

Housing Markets and Structural Policies in OECD Countries

Andrews, Dan; Sánchez, Aida Caldera; Johansson, Åsa - Economics Department, Organisation de Coopération et … - 2011

This paper compares a number of housing policies such as housing taxation, land use and rental regulations and social housing policies for OECD countries relying on new data. Based on a range of econometric analyses, it also investigates whether these housing-related policies achieve their...

Persistent link: https://www.econbiz.de/10008799708

Housing Price and Investment Dynamics in Finland

André, Christophe; García, Clara - Economics Department, Organisation de Coopération et … - 2012

The Finnish housing market is volatile. After declining significantly as the global financial crisis unfolded, housing prices and investment recovered to reach new peaks. This paper uses a small econometric model to assess the role of fundamentals in housing price and investment developments....

Persistent link: https://www.econbiz.de/10011276861

The Benefits and Costs of Highly Expansionary Monetary Policy

Rawdanowicz, Łukasz; Bouis, Romain; Watanabe, Shingo - Economics Department, Organisation de Coopération et … - 2013

How far to go – and to remain – in the direction of highly expansionary monetary policy hinges on the balance of marginal benefits and costs of additional monetary easing and its expected evolution over time. This paper sketches a framework for assessing this balance and applies it to four...

Persistent link: https://www.econbiz.de/10011276907

A Revival of the Private Rental Sector of the Housing Market?: Lessons from Germany, Finland, the Czech Republic and the Netherlands

Boer, Rik de; Bitetti, Rosamaria - Economics Department, Organisation de Coopération et … - 2014

This Working Paper studies ways to stimulate the private rental sector (PRS) of the housing market – and compares experiences with policies and reforms in Germany, the Netherlands, Finland and the Czech Republic. Although in many countries the PRS has decreased in importance since the Second...

Persistent link: https://www.econbiz.de/10011276945

Maintaining an Efficient and Equitable Housing Market in Belgium

Zwart, Sanne - Economics Department, Organisation de Coopération et … - 2015

Housing conditions in Belgium are among the best in OECD countries according to the Better Life Index, as dwellings are of high quality and large, and housing costs are average. However, the steep increase in house prices since 2003 has put market access for first-time buyers under pressure....

Persistent link: https://www.econbiz.de/10011276969