House Price Developments in Europe

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451870698
Total Pages : 66 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis House Price Developments in Europe by : Angana Banerji

Download or read book House Price Developments in Europe written by Angana Banerji and published by International Monetary Fund. This book was released on 2008-09-01 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: House prices in Europe have shown diverging trends, and this paper seeks to explain these differences by analyzing three groups of countries: the "fast lane", the average performers, and the slow movers. Price movements in the first two groups are found to be driven mostly by income and trends in user costs, and housing markets in these countries seem relatively more susceptible to adverse developments in fundamentals. Real house price declines among the slow movers are harder to explain, although ample supply, low home ownership, and less complete mortgage markets are likely factors. The impact of macroeconomic, prudential and structural policies on housing markets can be large and should be a factor in policy decisions.

Housing Market Challenges in Europe and the United States

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Author :
Publisher : Springer
ISBN 13 : 0230246982
Total Pages : 269 pages
Book Rating : 4.2/5 (32 download)

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Book Synopsis Housing Market Challenges in Europe and the United States by : P. Arestis

Download or read book Housing Market Challenges in Europe and the United States written by P. Arestis and published by Springer. This book was released on 2009-11-18 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Housing finance structures and Institutional and regulatory/fiscal aspects in housing have changed significantly in recent years. This book examines the development in housing markets in Europe and the US, and looks at ways to make housing more affordable and housing market developments more stable.

Housing Markets in Europe

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 3642153402
Total Pages : 406 pages
Book Rating : 4.6/5 (421 download)

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Book Synopsis Housing Markets in Europe by : Olivier de Bandt

Download or read book Housing Markets in Europe written by Olivier de Bandt and published by Springer Science & Business Media. This book was released on 2010-10-14 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 determinants in terms of supply and demand characteristics, and its relationship with the overall business cycle. The co-movements of house prices across countries are also considered, as well as the channel of transmission of house price changes to the rest of the economy. Particular attention is paid to the effects on private consumption, through possible wealth effects. The book is a compilation of original papers produced by economists and researchers from the four main national central banks in the euro area, also with the participation of leading academics.

Bubbles in Real Estate?

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Author :
Publisher : CEPS
ISBN 13 : 9290796154
Total Pages : 15 pages
Book Rating : 4.2/5 (97 download)

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Book Synopsis Bubbles in Real Estate? by : Daniel Gros

Download or read book Bubbles in Real Estate? written by Daniel Gros and published by CEPS. This book was released on 2006 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bricks in the Wall

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Author :
Publisher : West European Politics
ISBN 13 : 9780367743291
Total Pages : 0 pages
Book Rating : 4.7/5 (432 download)

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Book Synopsis Bricks in the Wall by : Alison Johnston

Download or read book Bricks in the Wall written by Alison Johnston and published by West European Politics. This book was released on 2023-09-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides a comprehensive analysis of how politics shape housing markets and vice-versa. It demonstrates how housing impacts a variety of social and political phenomenon including populist politics, generational divides, wealth inequality, monetary policy, and the welfare state. Housing and housing markets have important implications for economic stability, public policy, domestic politics and wealth inequality in Europe and beyond. Yet despite its importance, housing has received relatively little attention in comparative politics scholarship. The contributions within this volume push the scholarship of housing into fresh, innovative directions. The chapters focus on housing's contribution to wealth inequality, how housing constrains governments' policy choices in welfare state reform and how it can strengthen governments' hands in financial regulation. Other contributions reveal the impact of housing on central bankers' motivations for implementing monetary expansion, highlight the generational divide in gaining access to home-ownership, demonstrate how housing-driven wealth inequality steers voters political preferences towards right-wing populism, and explain how housing gradually shifted from being a social right to an object of investment in Europe, even within its most egalitarian states. These contributions cover a diversity of cases in Western and Eastern Europe and theoretical paradigms that will appeal to scholars and policy makers alike. The chapters in this book were originally published as a special issue of West European Politics.

European Housing Markets at a Turning Point – Risks, Household and Bank Vulnerabilities, and Policy Options

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis European Housing Markets at a Turning Point – Risks, Household and Bank Vulnerabilities, and Policy Options by : Ms. Laura Valderrama

Download or read book European Housing Markets at a Turning Point – Risks, Household and Bank Vulnerabilities, and Policy Options written by Ms. Laura Valderrama and published by International Monetary Fund. This book was released on 2023-03-24 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: European housing markets are at a turning point as the cost-of-living crisis has eroded real incomes and the surge in interest rates has made borrowers more vulnerable to financial distress. This paper aims to (i) shed light on the risks in European housing markets, (ii) quantify household vulnerabilties, (iii) assess banking sector implications and (iv) examine policies’ effectiveness using simulations based on microdata from the Household Finance and Consumption Survey (HFCS) and EU statistics on income and living conditions (EU-SILC). Under the baseline IMF macroeconomic forecast, the share of households that could struggle to meet basic expenses could rise by 10 pps reaching a third of all households by end 2023. Under an adverse scenario, 45 percent of households could be financially stretched, representing over 40 percent of mortgage debt and 45 percent of consumer debt. The impact on the banking sector seems contained under the baseline forecast, though there are pockets of vulnerability. A 20 percent house price correction could deplete CET1 capital by 100-300 basis points. Fiscal measures, such as subsidies to the bottom income tercile, could save 7 percent of households from financial distress at an estimated cost of 0.8 percent of GDP.

European Metropolitan Housing Markets

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 3540705139
Total Pages : 363 pages
Book Rating : 4.5/5 (47 download)

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Book Synopsis European Metropolitan Housing Markets by : Ake E. Andersson

Download or read book European Metropolitan Housing Markets written by Ake E. Andersson and published by Springer Science & Business Media. This book was released on 2007-07-28 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive analysis of housing theory and policy with a focus on metropolitan regions. The results are based on case studies of twelve European metropolitan regions, including expert panels organized in each. Using an approach from the field of industrial economics, the analysis is divided into the three related stages, "structure", "conduct" and "performance."

European Integration and Housing Policy

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Author :
Publisher : Routledge
ISBN 13 : 1134699204
Total Pages : 321 pages
Book Rating : 4.1/5 (346 download)

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Book Synopsis European Integration and Housing Policy by : Mark Kleinman

Download or read book European Integration and Housing Policy written by Mark Kleinman and published by Routledge. This book was released on 2005-07-28 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Good mix of analytical chapters and descriptive case studies Authors are very well known in the field

Homeownership and the Labour Market in Europe

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Author :
Publisher : Oxford University Press
ISBN 13 : 0199543941
Total Pages : 266 pages
Book Rating : 4.1/5 (995 download)

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Book Synopsis Homeownership and the Labour Market in Europe by : Casper van Ewijk

Download or read book Homeownership and the Labour Market in Europe written by Casper van Ewijk and published by Oxford University Press. This book was released on 2009-03-12 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasing labour market flexibility is at the top of the European agenda. A new and challenging view is that lack of mobility in the labour market may arise from rigidities in the housing market. This book brings together top European economists to analyse the interaction between housing and labour markets and provides clear policy messages.

Calibrating Macroprudential Policies in Europe Amid Rising Housing Market Vulnerability

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Calibrating Macroprudential Policies in Europe Amid Rising Housing Market Vulnerability by : Ms. Laura Valderrama

Download or read book Calibrating Macroprudential Policies in Europe Amid Rising Housing Market Vulnerability written by Ms. Laura Valderrama and published by International Monetary Fund. This book was released on 2023-03-24 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Housing market developments are in the spotlight in Europe. Over-stretched valuations amid tightening financial conditions and a cost-of-living crisis have increased risks of a sustained downturn and exposed challenging trade-offs for macroprudential policy between ensuring financial system resilience and smoothing the macro-financial cycle. Against this backdrop, this paper provides detailed considerations regarding how to (re)set macroprudential policy tools in response to housing-related systemic risk in Europe, providing design solutions to avoid unintended consequences during a tightening phase, and navigating the trade-offs between managing the build-up of vulnerabilities and the macro-financial cycle in a downturn. It also proposes a novel framework to measure the effectiveness of tools and avoid overlaps by quantifying the risks addressed by different macroprudential instruments. Finally, it introduces a taxonomy allowing to assess a country’s macroprudential stance and whether adjustments to current policy settings are warranted—such as the relaxation of capital-based tools and possibly some borrower-based measures in the event of a more severe downturn.

Toward a Market-oriented Housing Sector in Eastern Europe

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Author :
Publisher : The Urban Insitute
ISBN 13 : 9780877664963
Total Pages : 290 pages
Book Rating : 4.6/5 (649 download)

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Book Synopsis Toward a Market-oriented Housing Sector in Eastern Europe by : Jeffrey P. Telgarsky

Download or read book Toward a Market-oriented Housing Sector in Eastern Europe written by Jeffrey P. Telgarsky and published by The Urban Insitute. This book was released on 1991 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt:

House Price Developments in Europe

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Author :
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (113 download)

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Book Synopsis House Price Developments in Europe by :

Download or read book House Price Developments in Europe written by and published by . This book was released on 2008 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: House prices in Europe have shown diverging trends, and this paper seeks to explain these differences by analyzing three groups of countries: the "fast lane", the average performers, and the slow movers. Price movements in the first two groups are found to be driven mostly by income and trends in user costs, and housing markets in these countries seem relatively more susceptible to adverse developments in fundamentals. Real house price declines among the slow movers are harder to explain, although ample supply, low home ownership, and less complete mortgage markets are likely factors. The impact of macroeconomic, prudential and structural policies on housing markets can be large and should be a factor in policy decisions.

European Cities, Planning Systems and Property Markets

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Author :
Publisher : Routledge
ISBN 13 : 1135824967
Total Pages : 475 pages
Book Rating : 4.1/5 (358 download)

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Book Synopsis European Cities, Planning Systems and Property Markets by : J.N. Berry

Download or read book European Cities, Planning Systems and Property Markets written by J.N. Berry and published by Routledge. This book was released on 2003-09-02 with total page 475 pages. Available in PDF, EPUB and Kindle. Book excerpt: A common theme running through both the market economies of Western Europe and the old command economies of Eastern Europe is the desire to combine local economic development objectives with those of the international investor. It is in this context that the interaction between planning systems and property markets is of paramount importance.

Hot Property

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Author :
Publisher : Springer
ISBN 13 : 3030116743
Total Pages : 220 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Hot Property by : Rob Nijskens

Download or read book Hot Property written by Rob Nijskens and published by Springer. This book was released on 2019-06-14 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Ethnic Spatial Segregation in European Cities

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Author :
Publisher : Routledge
ISBN 13 : 1000007693
Total Pages : 254 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Ethnic Spatial Segregation in European Cities by : Hans Skifter Andersen

Download or read book Ethnic Spatial Segregation in European Cities written by Hans Skifter Andersen and published by Routledge. This book was released on 2019-05-15 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides the first in depth interpretation of how to understand the causes of ethnic residential segregation across Western European countries and the USA. In many countries, ethnic minorities have obtained low quality housing and may be concentrated in certain parts of cities. This book asks to what extent ethnic segregation can be assigned to special preferences for housing and neighbourhoods among ethnic minorities. Is it the behaviour of the native majority, or is it a result of housing and urban policies? Ethnic segregation differs greatly across European countries and cities. Chapters discuss the extent to which these differences can be explained by welfare state systems, levels of immigration and the ethnic composition of minorities. The book also considers the impact of housing policy and the spatial structure of urban housing markets created by urban planning and policies. This book will appeal to teachers, students and researchers working with segregation, urban sociology and geography. It will also be valuable to civil servants in central and local governments who are working with measures to combat ethnic segregation and its consequences.

Structural Factors in the EU Housing Markets

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Author :
Publisher :
ISBN 13 : 9789291813445
Total Pages : 110 pages
Book Rating : 4.8/5 (134 download)

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Book Synopsis Structural Factors in the EU Housing Markets by :

Download or read book Structural Factors in the EU Housing Markets written by and published by . This book was released on 2003 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Don't Look Up: House Prices in Emerging Europe

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Don't Look Up: House Prices in Emerging Europe by : Mr. Serhan Cevik

Download or read book Don't Look Up: House Prices in Emerging Europe written by Mr. Serhan Cevik and published by International Monetary Fund. This book was released on 2022-12-02 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates how housing prices respond to economic, financial and demographic conditions in emerging markets in Europe. We use quarterly data covering 10 countries over the period 1998–2022 and implement a panel quantile regression approach to obtain a granular analysis of real estate markets. Overall, economic, financial and demographic factors explain the changes in real house prices in emerging Europe, with income growth having the most significant impact. Quantile regression estimations show that income growth matters more for higher housing prices than those at the lower quantiles of the property market. We also find that an increase in short-term or long-term interest rates have a price-dampening impact, indicating that a higher cost of borrowing is associated with lower real house prices. These results indicate that the downturn in house prices could deepen with the looming economic recession and soaring interest rates.