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Book Cover
Book
Author Jones, Colin, 1949 January 13-

Title The challenges of the housing economy : an international perspective / edited by Colin Jones, Michael White, Neil Dunse
Published Chichester, West Sussex ; Ames, Iowa : Wiley-Blackwell, 2012

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Description xviii, 316 pages ; 26 cm
Series Real estate issues
Real estate issues (Oxford, England)
Contents Contributors -- Glossary -- Introduction : the housing economy and the credit crunch -- The housing boom, the bust and US housing po licy -- Housing bubbles and foreclosures that follow : the case of Las Vegas -- Unemployment risk, homeownership, and housing wealth : lessons from the bubble -- The changing nature of household demand and housing market trends in China -- The structural sustainability of home ownership in Australia -- Impacts on wealth and debt of changes in the Danish financial framework over a housing cycle -- Market stability, housing finance, and home ownership in Germany -- The responsiveness of new supply to house prices : a perspective from the Spanish housing market -- The UK housing market cycle and the role of planning : the policy challenge following the financial crisis -- Developments in the role of social housing in Europe -- Delivering affordable housing in the UK -- The UK private rented sector as a source of affordable accommodation -- Conclusions: the challenges ahead -- References -- Index
Summary 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
Notes Conference proceedings
Bibliography Includes bibliographical references and index
Notes Online version of the print title
Mode of access: World Wide Web
System requirements: Internet connectivity, World Wide Web browser, and Adobe Acrobat reader
Print version record
Subject Global Financial Crisis, 2008-2009 -- Congresses.
Housing policy -- Congresses.
Housing -- Prices -- Congresses.
Real estate business -- Congresses.
Real property -- Ownership -- Congresses.
Genre/Form Conference papers and proceedings.
Author Dunse, Neil.
Jones, Colin, 1949 January 13-
White, Michael.
Wiley InterScience (Online service)
LC no. 2011045311
ISBN 0470672331 (hardcover : alk. paper)
9780470672334 (hardcover : alk. paper)