Real Estate and Globalisation

Introduction: The Housing Economy and the Credit Crunch The Irish Example International Historical Housing Market Context Dynamics of the Housing Market Housing Market and the Economy Origins and Impact of Credit Crunch Objectives and Structure of Book The Housing Boom, the Bust and US Housing Policy House Prices from 1995 to Present Housing Reforms for the Future Housing Bubbles and Foreclosures that Follow: The Case of Las Vegas Data and Definition of Property Flipping Anatomy of Boom Bust Market Dynamics Foreclosure Activity after the Bubble Burst Concluding Thoughts Unemployment Risk, Homeownership and Housing Wealth: Lessons from the Bubble Aftermath in Japan Housing Bubble and Burst in Japan Unemployment Risk and Homeownership Housing Wealth and Consumption Conclusion Appendices: Details of Statistical Analysis The Changing Nature of Household Demand and Housing Market Trends in China Introduction to the Housing Market Population Growth Hypothesis Income Growth Hypothesis Monetary Policy Hypothesis Conclusions The Structural Sustainability of Home Ownership in Australia Australia's Housing System Future Projections of Home Ownership and Sustainability Conclusions Impacts on Wealth and Debt of Changes in the Danish Financial Framework over a Housing Cycle Dynamics of Recent Danish Housing Market Cycles Changing Structure of Owner-Occupation Changing Mortgage Finance and Indebtedness The Financial Stability of Owner Occupied Households Conclusions Market Stability, Housing Finance and Home Ownership in Germany Characteristics of the German Housing Market German Housing Price Trends: An International Comparison Housing Demand and Housing Investment The Contribution of the Financing System The Impact of the Financial Crisis on the German Housing Market High Down Payment Constraints and Stability: Contradicting Aims? The role of the Savings Behaviour Conclusion and Outlook The Responsiveness of New Supply to House Prices: A Perspective from the Spanish Housing Market Housing Supply Trends Spanish Housing Market Cycle Pre and Post the Financial Crisis Estimation of the Supply Elasticity of New Houses Summary and Conclusion Appendices: Details of Statistical Analysis The UK Housing Market Cycle and the Role of Planning: the Policy Challenge following the Financial Crisis Housing Market Context Anatomy of the Housing Market Boom and Bust Evolution of the Planning Framework in UK Recent Planning Policies The Planning Policy Consequences of the Recession and Beyond New Planning Agenda Conclusions Developments in the Role of Social Housing in Europe Looking Back: Social Housing and the Welfare State in Europe Outcomes Future Development Conclusion Delivering Affordable Housing in the UK Historic Social Housing Context in Scotland Background to the Current Scottish Affordability Challenge Assessing the Emerging Models Concluding Discussion The UK Private Rented Sector as a Source of Affordable Accommodation The Private Rented Sector within the Housing System Potential Policy Developments Potential Attraction of Large Investors Summary and Conclusions Conclusions: The Challenges Ahead The Credit Crunch Commonalities and Challenges The Future Concluding Remarks References