Challenges of the Housing Economy

An International Perspective

Nonfiction, Reference & Language, Law, Housing & Urban Development
Cover of the book Challenges of the Housing Economy by , Wiley
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9781118280836
Publisher: Wiley Publication: March 5, 2012
Imprint: Wiley-Blackwell Language: English
Author:
ISBN: 9781118280836
Publisher: Wiley
Publication: March 5, 2012
Imprint: Wiley-Blackwell
Language: English

This timely book addresses key challenges faced by policy makers and the house-building industry in a post-credit crunch world. It examines the implications for households, the housing market, the economy, as well as for government's policy choices.

Challenges of the Housing Economy: an international perspective brings together experts from around the world to examine recent housing market trends. The contributions reveal common long-term trends in housing markets worldwide. Despite differences in supply conditions and the role of planning, there is a trend toward rising house prices that has created significant barriers to home ownership for young households while increasing the wealth of older generations. The financial crisis had a differential impact on housing markets but in many countries where mortgage finance became severely constrained, house prices fell and there was a dramatic fall in housing construction. The falls in house prices in these countries have ostensibly improved affordability but the housing markets have been dominated by the lowering of loan to values applicable to new mortgages which has further raised the hurdles to potential first-time purchasers.

At the same time as young households are increasingly rationed out of owner-occupation, public sector expenditure cut-backs in many countries result in limited new social housing. Instead, value for money imperatives will mean new funding models for affordable housing that require greater use of public-private partnerships. The private rented sector could potentially meet the demand for the new generation of long-term renters. However, there are doubts - in the UK at least - that this sector will be able to expand significantly or provide an appropriate type and standard of housing.

This is an essential advanced text for students and researchers of land economy and land management; property and real estate; housing policy; and urban studies.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This timely book addresses key challenges faced by policy makers and the house-building industry in a post-credit crunch world. It examines the implications for households, the housing market, the economy, as well as for government's policy choices.

Challenges of the Housing Economy: an international perspective brings together experts from around the world to examine recent housing market trends. The contributions reveal common long-term trends in housing markets worldwide. Despite differences in supply conditions and the role of planning, there is a trend toward rising house prices that has created significant barriers to home ownership for young households while increasing the wealth of older generations. The financial crisis had a differential impact on housing markets but in many countries where mortgage finance became severely constrained, house prices fell and there was a dramatic fall in housing construction. The falls in house prices in these countries have ostensibly improved affordability but the housing markets have been dominated by the lowering of loan to values applicable to new mortgages which has further raised the hurdles to potential first-time purchasers.

At the same time as young households are increasingly rationed out of owner-occupation, public sector expenditure cut-backs in many countries result in limited new social housing. Instead, value for money imperatives will mean new funding models for affordable housing that require greater use of public-private partnerships. The private rented sector could potentially meet the demand for the new generation of long-term renters. However, there are doubts - in the UK at least - that this sector will be able to expand significantly or provide an appropriate type and standard of housing.

This is an essential advanced text for students and researchers of land economy and land management; property and real estate; housing policy; and urban studies.

More books from Wiley

Cover of the book Personal Bankruptcy Laws For Dummies by
Cover of the book Treating Childhood and Adolescent Anxiety by
Cover of the book Can the Welfare State Survive? by
Cover of the book Medical Uses of Statistics by
Cover of the book Switching Processes in Queueing Models by
Cover of the book John Adair's 100 Greatest Ideas for Effective Leadership by
Cover of the book Pediatric Non-Clinical Drug Testing by
Cover of the book Restoring Civil Societies by
Cover of the book Polymer Composites, Biocomposites by
Cover of the book Hybrid Nanomaterials by
Cover of the book Speaking Desires can be Dangerous by
Cover of the book Preservation of Cells by
Cover of the book Fatigue Design of Steel and Composite Structures by
Cover of the book Blackboard For Dummies by
Cover of the book A Two-Step Perturbation Method in Nonlinear Analysis of Beams, Plates and Shells by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy