By Boris Cournède, Sahra Sakha and Volker Ziemann Policies that shape the housing market, such as rules concerning mortgage lending, homebuilding and rental regulation as well as taxation, can have a considerable impact on economic crisis risks and the capacity to recover from a crisis. The reason is that housing market developments strongly influence the … More Housing-related policies matter for economic resilience
by Boris Cournède, Maria Chiara Cavalleri, Volker Ziemann, OECD Housing, a large and volatile sector, is often at the centre of economic crises, as a trigger or amplifier. The current situation, which is characterised by house prices approaching or exceeding pre-crisis levels in many countries, raises questions as to whether these price levels may be … More Are there ways to protect economies against potential future housing busts?
by Jan Strasky, Luxembourg Desk, OECD Economics Department Luxembourg’s economy has been buoyant – robust growth has strongly outpaced the euro area average over most of the past decade. However, this success creates new problems, in particular in the housing market, which the 2019 Economic Survey of Luxembourg [link] analyses in detail. Strong population growth, … More Making access to housing more affordable to all in Luxembourg
by Andrés Fuentes Hutfilter, Germany-Latvia Desk, OECD Economics Department Unemployment is still above 8% in Latvia and contributes to poverty, in part because many unemployed have been without a job for an extended period of time. High unemployment and poverty are concentrated in some regions (Figure 1). Housing policies shape residential mobility and can encourage … More Boosting economic opportunities and wellbeing in Latvia: why housing matters
by David Carey, New Zealand Desk, OECD Economics Department. New Zealand enjoyed strong economic growth during 2016, driven by high net inward migration, solid construction activity, booming tourism and supportive monetary policy, although in per capita terms growth has been more in line with that in other advanced economies. The terms of trade have rebounded … More New Zealand has recently enjoyed strong economic growth, but housing and population ageing pose challenges
By Peter Jarrett, Head of Division, Country Studies, OECD Economics Department Local housing markets are presently highly disparate in Canada. While in most smaller localities real estate prices are fairly stable and not out of line with the fundamentals (incomes and rents), 10 of the 15 large Census Metropolitan Areas monitored by the Canada Mortgage and … More The risks in Canada’s unusual housing market(s)