Milestones in European Housing Finance

This book provides evidence on how housing finance markets developed across Europe. The objective of the text is to bring together up to date material from across Europe which will help to clarify (i) how national housing finance markets have dealt with the challenges of deregulation and privatisation since the 1980s,(ii) how the financial crisis has impacted on the structure of the industry and the range of financial instruments available, (iii) how governments and the EU have responded to increasing risks and higher indebtedness in most West European countries and the need to grow new finance markets in Eastern Europe, and (iv) how changing housing finance markets impact on the capacity to provide adequate affordable housing into the future.

Keywords: housing finance; mortgage debt; house prices; international comparisons; comparative housing finance; mortgage markets; mortgage characteristics; de-regulation; housing market risk; Australia; housing markets; deregulation; housing policy; homeownership; Austria; housing subsidies; foreign currency mortgages; resilience; housing market; tax benefits; Belgium; housing savings scheme; post-socialist countries; privatisation; restitution; Czech Republic; Denmark; balance principle; covered bonds; ARMs; England; social housing; buy-to-let; endowment mortgages; deregulation; Finland; LTV ratio; first-time buyer; French banking system; caution guarantee system; Germany; East Germany; Landesbanken; Pfandbrief; mortgage banks; specialist banks; homeownership subsidies; Germany; East Germany; Landesbanken; Pfandbrief; specialist banks; homeownership subsidies; Iceland; boom-bust cycle; housing policy; Housing Finance Fund; Ireland; housing policy; Netherlands; milestones; change in mortgage tax relief; Norway; loan-to-value; homeownership; covered bonds; housing market; transformation; mortgage lending;Portugal; homeownership; family financing; housing market;Russia; housing finance; privatisation; Residential Mortgage Backed Securities; Slovenia; housing reform; financial crisis; Spain; mortgages; house prices; interest rates; housing construction;Sweden; interest deductibility; interest-only and flexible-rate loans; loan-to-value cap; mortgage; marketisation; subsidy; informal housing; Turkey; mortgage credit; growth; interest rates; competition; financial crisis; recovery; regulation; European mortgage markets; mortgage products; housing risks, Housing, Public Policy Economics & Finance, Housing, Public Policy Economics & Finance