Housing markets were at the centre of the recent global financial turmoil. In this study, a multidisciplinary group of leading housing analysts from the USA, Europe, Asia and Australasia explore the impact of the crisis within and between countries

During the recession in the years 2008-2009, the most severe for mature economies in the post-war period, housing markets were often mentioned as having a special responsibility. The objective of this book is to shed light on the cyclical behaviour of the housing markets, its fundamental...