Affordable Rental Housing Making It Part Of Europe S Recovery
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Affordable Rental Housing Making It Part Of Europe S Recovery
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Author : Khalid ElFayoumi
language : en
Publisher: International Monetary Fund
Release Date : 2021-05-24
Affordable Rental Housing Making It Part Of Europe S Recovery written by Khalid ElFayoumi and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-24 with Business & Economics categories.
Many European economies have faced pressure from rental housing affordability that has widened social and economic divergence. While significant country and regional differences exist, this departmental paper finds that in many advanced European economies a large and rising share of low-income renters, the young, and those living in cities is overburdened. In several locations, middle-income groups also increasingly face rental affordability issues.
Oecd Economic Surveys Denmark 2021
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2021-12-16
Oecd Economic Surveys Denmark 2021 written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-16 with categories.
The Danish economy has recovered quickly from the COVID-19 crisis. Rapid action to support firms and households contained the economic contraction to one of the mildest in Europe, while fast vaccine rollout enabled the removal of shutdown restrictions and an early reopening.
Oecd Economic Surveys Norway 2022
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2022-02-22
Oecd Economic Surveys Norway 2022 written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-02-22 with categories.
OECD’s periodic surveys of the Norwegian economy. Each edition surveys the major challenges faced by the country, evaluates the short-term outlook, and makes specific policy recommendations. Special chapters take a more detailed look at specific challenges. Extensive statistical information is included in charts and graphs.
How Great Cities Happen
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Author : John Stanley
language : en
Publisher: Edward Elgar Publishing
Release Date : 2023-01-17
How Great Cities Happen written by John Stanley and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-01-17 with Political Science categories.
Urban planners in developed countries are increasingly recognizing the need for closer integration of land use and transport. However, this updated second edition of How Great Cities Happen explains how crises like climate change and the lack of affordable housing demonstrate the urgent need for a broader approach in order to create and sustain great cities. Offering innovative solutions to these contemporary challenges, the book examines emerging directions in strategic land use transport planning and analyses how cities function as a home for future generations and other species.
Promoting Rental Housing Affordability In European Cities
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Author : Marco Peverini
language : en
Publisher: Springer Nature
Release Date : 2023-12-20
Promoting Rental Housing Affordability In European Cities written by Marco Peverini and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-12-20 with Business & Economics categories.
This book investigates policies for the promotion of housing affordability in the rental sector of attractive cities in Europe. Affordability links the housing situation to the economic situation of households, referring to conditions of access to housing and to the role of housing in determining poverty or wealth. The book examines the current affordability crisis and frames it in the ongoing process of urban restructuring and devolution of welfare. From the perspective of the Foundational Economy, the book calls for a proactive and effective role of public administrations in making the rental sector an affordable and stable alternative to housing financialization and commodification. By intertwining theory construction and real-world data collected through case studies in Milan and Vienna, the book provides an original framework for the analysis of public policies that promote rental affordability in a multi-level setting. Through the analysis, it highlights critical nodes of the different (housing, urban, and social) policy domains at stake in the promotion of rental affordability in attractive cities. The book proposes a shift from the currently dominant supply-side argument to an integrated, intersectoral and multi-scalar policy system for making cities more affordable.
Towards A Sustainable Construction Industry The Role Of Innovation And Digitalisation
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Author : Clinton Aigbavboa
language : en
Publisher: Springer Nature
Release Date : 2023-04-23
Towards A Sustainable Construction Industry The Role Of Innovation And Digitalisation written by Clinton Aigbavboa and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-04-23 with Technology & Engineering categories.
This book gathers papers from the 12th Construction Industry Development Board (CIDB) Postgraduate Research Conference, which was held at the International Convention Centre, East London, Eastern Cape, South Africa, from July 10 to 12, 2022. The conference directly addresses the objectives of SDG9: “Building resilient infrastructure, promoting inclusive and sustainable industrialization and fostering innovation”. Moreover, the conference is designed to promote capacity development and transformation within the built-environment space by providing an all-inclusive platform to established and emerging researchers to discuss the recent advancements needed to move the industry forward.
The Pricing Out Phenomenon In The U S Housing Market
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Author : Francesco Beraldi
language : en
Publisher: International Monetary Fund
Release Date : 2023-01-06
The Pricing Out Phenomenon In The U S Housing Market written by Francesco Beraldi and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-01-06 with Business & Economics categories.
The COVID-19 pandemic further extended the multi-year housing boom in advanced economies and emerging markets alike against massive monetary easing during the pandemic. In this paper, we analyze the pricing-out phenomenon in the U.S. residential housing market due to higher house prices associated with monetary easing. We first set up a stylized general equilibrium model and show that although monetary easing decreases the mortgage payment burden, it would raise house prices, lower housing affordability for first-time homebuyers, and increase housing wealth inequality between first-time and repeat homebuyers. We then use the U.S. household-level data to quantify the effect of the house price change on housing affordability relative to that of the interest rate change. We find evidence of the pricing-out effect for all homebuyers; moreover, we find that the pricing-out effect is stronger for first-time homebuyers than for repeat homebuyers. The paper highlights the importance of accounting for general equilibrium effects and distributional implications of monetary policy while assessing housing affordability. It also calls for complementing monetary easing with well-targeted policy measures that can boost housing affordability, particularly for first-time and lower-income households. Such measures are also needed during aggressive monetary tightening, given that the fall in house prices may be insufficient or too slow to fully offset the immediate adverse impact of higher rates on housing affordability.
European Housing Markets At A Turning Point Risks Household And Bank Vulnerabilities And Policy Options
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Author : Ms. Laura Valderrama
language : en
Publisher: International Monetary Fund
Release Date : 2023-03-24
European Housing Markets At A Turning Point Risks Household And Bank Vulnerabilities And Policy Options written by Ms. Laura Valderrama and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-03-24 with Business & Economics categories.
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.
Real Estate In The Netherlands A Taxonomy Of Risks And Policy Challenges
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Author : André Geis
language : en
Publisher: International Monetary Fund
Release Date : 2021-08-06
Real Estate In The Netherlands A Taxonomy Of Risks And Policy Challenges written by André Geis and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-08-06 with Business & Economics categories.
Soaring real estate prices and valuations despite the economic downturn brought by the pandemic have focussed the attention of Dutch policymakers on potential macro-financial and socio-economic implications. In this context, our paper reviews the salient features of Dutch commercial and residential real estate markets with an eye to identify pertinent risks and challenges. While we find that the Dutch authorities have made considerable strides to strengthen real estate-related policies in recent years, some, and partly long-standing, issues remain, requiring additional efforts to bolster financial stability, address housing supply shortages and manage secular changes affecting property markets.
Tudes Conomiques De L Ocde Danemark 2021 Version Abr G E
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Author : OECD
language : fr
Publisher: OECD Publishing
Release Date : 2022-01-27
Tudes Conomiques De L Ocde Danemark 2021 Version Abr G E written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-27 with categories.
L’économie danoise s’est redressée rapidement après la crise liée au COVID-19. Les mesures prises promptement pour soutenir les entreprises et les ménages ont limité la contraction de l’activité économique, qui a été l’une des plus modérées en Europe, tandis que le déploiement rapide des vaccins a permis une levée des restrictions d’activités et un redémarrage précoce de l’économie.