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Extensive structural reforms since the early 1990s have strengthened the resilience of the Swedish economy to shocks. However, more needs to be done to better manage near-term risks and ensure that growth remains sustainable in the longer run. Reforming the housing market would reduce the risks...
Persistent link: https://www.econbiz.de/10011277020
overheated and the collapse of the US subprime mortgage market has been at the epicentre of a deep financial and economic crisis …
Persistent link: https://www.econbiz.de/10012446980
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
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
overheated and the collapse of the US subprime mortgage market has been at the epicentre of a deep financial and economic crisis …
Persistent link: https://www.econbiz.de/10008480480
and policy settings. This paper first draws a topography of disparities in mortgage structure, documenting considerable … tax advantages for mortgage borrowing. The paper finally proposes a novel indicator to measure the balance between the … rights of borrowers and lenders. Mortgage markets are deepest in countries where the index shows that creditor and borrower …
Persistent link: https://www.econbiz.de/10012801153
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
In Norway house prices have risen to high levels, associated with very strong credit growth, in a context of low interest rates. Such a combination was in many countries a contributory factor to the 2008- 09 crisis. The Norwegian authorities have been well aware of the problem. Below-target...
Persistent link: https://www.econbiz.de/10011276979
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
The housing sector is one of the main sources of CO2 emissions in OECD countries, accounting for over a quarter of the total. Robust and rapid action is required to reach the net zero emission target by 2050. Decarbonising housing involves halting the use of fossil fuels in homes, ensuring that...
Persistent link: https://www.econbiz.de/10014278753