Nordic Economic Policy Review 2021: Nordic Housing Markets and Policies

Anundsen, André K.; Bergman, Mats; Bø, Erlend Eide; Eerola, Essi; Määttänen, Niku; Nyberg, Sten

doi:10.6027/nord2021-022

Cited by 2 publications

(2 citation statements)

References 92 publications

(111 reference statements)

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“…Of the Nordic countries, Finland and Norway have notably less regulation in the rental market than Sweden and Denmark. Despite a history of social mixing and greater income-equality, tenure in Finland has recently been strongly driven by urbanisation and income, with lower-income households more likely to rent and be segregated in urban areas (Anundsen et al, 2021). Finland has the highest share of renters in receipt of housing subsidy supports, however it is the only country apart from the southern European countries which has not implemented a rent regulation policy.…”

Section: Group 2: Limited Homeownership; Strict Price Controlsmentioning

confidence: 99%

Housing affordability: Ireland in a cross-country context

Disch¹,

Slaymaker²

2023

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The mission of the Economic and Social Research Institute (ESRI) is to advance evidence-based policymaking that supports economic sustainability and social progress in Ireland. ESRI researchers apply the highest standards of academic excellence to challenges facing policymakers, focusing on 10 areas of critical importance to 21st Century Ireland.The Institute was founded in 1960 by a group of senior civil servants led by Dr T.K. Whitaker, who identified the need for independent and in-depth research analysis to provide a robust evidence base for policymaking in Ireland.Since then, the Institute has remained committed to independent research and its work is free of any expressed ideology or political position. The Institute publishes all research reaching the appropriate academic standard, irrespective of its findings or who funds the research.The quality of its research output is guaranteed by a rigorous peer review process. ESRI researchers are experts in their fields and are committed to producing work that meets the highest academic standards and practices.The work of the Institute is disseminated widely in books, journal articles and reports. ESRI publications are available to download, free of charge, from its website. Additionally, ESRI staff communicate research findings at regular conferences and seminars.The ESRI is a company limited by guarantee, answerable to its members and governed by a Council, comprising up to 14 members who represent a crosssection of ESRI members from academia, civil services, state agencies, businesses and civil society. The Institute receives an annual grant-in-aid from the Department of Public Expenditure and Reform to support the scientific and public interest elements of the Institute's activities; the grant accounted for an average of 30 per cent of the Institute's income over the lifetime of the last Research Strategy. The remaining funding comes from research programmes supported by government departments and agencies, public bodies and competitive research programmes.

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Section: Group 2: Limited Homeownership; Strict Price Controlsmentioning

confidence: 99%

Housing affordability: Ireland in a cross-country context

Disch¹,

Slaymaker²

2023

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“…The extant literature on the relationship between housing prices and income exhibits considerable divergence in terms of underlying assumptions and findings, hence underscoring the imperative for more investigation in this area. Numerous establishments, including central banks, employ the house price-income ratio as a metric for detecting potential bubbles (Abraham & Hendershott, 1996;Aizenman et al, 2019;Anundsen, 2021) and discerning instances of house price overvaluation. It is essential to assume the price-income ratio is stationary in order to use it as a credible warning of market bubbles.…”

Section: Literature Review 1real Estate Prices and Economic Policymentioning

confidence: 99%

Analyzing the Underlying Relationship Between Monetary Policy and Residential Property Prices in China

Zhou,

Sial,

Álvarez-Otero

et al. 2023

International Journal of Strategic Property Management

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Policymakers and the public express concern regarding the volatility of housing prices due to its potential to increase consumer costs and negatively impact housing affordability. Based on empirical study, it has been seen that the expansion of the real estate sector has a significant impact on the investment in fixed assets by firms. This influence is mostly attributed to the alteration of the transmission of monetary policy. Real estate investment is considered a feasible option because of the significant and rapid appreciation in property prices. The primary objective of this study is to examine the influence of monetary policy on the housing market in China. To conduct the current study, macroeconomic data from a total of 44 time periods, ranging from the fourth quarter of 2012 to the fourth quarter of 2022, was collected. The findings of our study indicate that in the context of China, an expansion in the money supply has a greater propensity to positively influence the borrowing activities of real estate suppliers and clients, as opposed to the supply of properties themselves. The housing market can be influenced by governmental actions such as adjustments to the money supply and interest rates. While scholars have extensively examined the subject matter, the housing market in China remains relatively under-researched in terms of its susceptibility to government macroeconomic policies. Moreover, the current study offers a comprehensive overview of the prevailing challenges encountered by the residential property market in China, emphasizing the significance of macroeconomic policies within this particular context.

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Nordic Economic Policy Review 2021: Nordic Housing Markets and Policies

Cited by 2 publications

References 92 publications

Housing affordability: Ireland in a cross-country context

Housing affordability: Ireland in a cross-country context

Analyzing the Underlying Relationship Between Monetary Policy and Residential Property Prices in China

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