Setbacks and Advances in the Swedish Housing Market
Title | Setbacks and Advances in the Swedish Housing Market PDF eBook |
Author | Åke Daun |
Publisher | |
Pages | 7 |
Release | 1985 |
Genre | |
ISBN |
Swedish Housing Market
Title | Swedish Housing Market PDF eBook |
Author | |
Publisher | |
Pages | |
Release | 2007 |
Genre | |
ISBN |
Hot Property
Title | Hot Property PDF eBook |
Author | Rob Nijskens |
Publisher | Springer |
Pages | 220 |
Release | 2019-06-14 |
Genre | Business & Economics |
ISBN | 3030116743 |
This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are booming everywhere, leading to a growing demand for urban housing. In many cities this demand is out-pacing supply, which causes house prices to soar and increases the pressure on rental markets. These developments are posing major challenges for policymakers, central banks and other authorities responsible for ensuring financial stability, and economic well-being in general.This volume collects views from high-level policymakers and researchers, providing essential insights into these challenges, their impact on society, the economy and financial stability, and possible policy responses. The respective chapters address issues such as the popularity of cities, the question of a credit-fueled housing bubble, the role of housing supply frictions and potential policy solutions. Given its scope, the book offers a revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and financial stability.
Swedish Housing Market
Title | Swedish Housing Market PDF eBook |
Author | Owe Lundevall |
Publisher | |
Pages | 82 |
Release | 1957 |
Genre | Housing |
ISBN |
Housing Price and Household Debt Interactions in Sweden
Title | Housing Price and Household Debt Interactions in Sweden PDF eBook |
Author | Rima Turk |
Publisher | International Monetary Fund |
Pages | 44 |
Release | 2015-12-28 |
Genre | Business & Economics |
ISBN | 1513528971 |
Sweden is experiencing double-digit housing price gains alongside rising household debt. A common interpretation is that mortgage lending boosted by expansionary monetary policy is driving up house prices. But theory suggests the value of housing collateral is also important for household’s capacity to borrow. This paper examines the interactions between housing prices and household debt using a three-equation model, finding that household borrowing impacts housing prices in the short-run, but the price of housing is the main driver of the secular trend in household debt over the long-run. Both housing prices and household debt are estimated to be moderately above their long-run equilibrium levels, but the adjustment toward equilibrium is not found to be rapid. Whereas low interest rates have contributed to the recent surge in housing prices, growth in incomes and financial assets play a larger role. Policy experiments suggest that a gradual phasing out of mortgage interest deductibility is likely to have a manageable effect on housing prices and household debt.
The Swedish Housing Market
Title | The Swedish Housing Market PDF eBook |
Author | Felix Hüfner |
Publisher | |
Pages | 45 |
Release | 2007 |
Genre | Economics |
ISBN |
While several sectors in the economy have been deregulated, the Swedish housing market remains distorted, hindering an optimal matching of supply and demand. In the rental market the rent setting framework with its focus on cost-based rents in the public sector prevents a price response, leading to long queues in some regions and vacancies in others. Many Swedes that would have preferred otherwise are driven into the owner-occupied segment, where prices are increasing strongly, and rising above an estimated fundamental value. The supply of new dwellings is made more difficult by an uncompetitive construction industry, coupled with cumbersome planning regulations and few incentives for municipalities to issue more land. On the fiscal side, real estate taxes are below neutral levels, implying an indirect subsidy to housing. This paper presents a review of the recent steps to abolish real estate taxes and also proposes comprehensive reform of regulations in the rental housing sector. This paper relates to the OECD Economic Survey of Sweden 2007 (www.oecd.org/eco/surveys/sweden).
Swedish Housing
Title | Swedish Housing PDF eBook |
Author | Per Holm |
Publisher | |
Pages | 104 |
Release | 1959 |
Genre | Architecture, Domestic |
ISBN |