Globalisation and Home Ownership

Globalisation and Home Ownership PDF Author: J. F. Doling
Publisher: Delft University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 260

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Book Description
Across Europe there is evidence, albeit unsystematic and patchy, of home ownership markets in which the experiences of some households has become problematic. The incidence of loan repayment difficulties, loan default and even forced sales combined with examples of falling prices and negative equity indicates a side to home ownership that is characterized by problems with social, economic and political dimensions. This book reports on research carried out in eight countries: Belgium, Finland, France, Germany, The Netherlands, Portugal, Spain and the UK. Examining the interplay of the housing markets in each country with their labor and financial markets and their systems of social security, it takes as its theoretical context the nature of globalization. It explores some of the ways in which there have been both similarities and differences in developments, supporting a view of globalization that provides some space for autonomous action by agents, including policy makers and households. The book was written as part of the Home Ownership - Social and Economic Problems Project (HOSE) that has been funded by the institutions of the researchers involved and the European Union under its Framework 5 Program.

Globalisation and Home Ownership

Globalisation and Home Ownership PDF Author: J. F. Doling
Publisher: Delft University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 260

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Book Description
Across Europe there is evidence, albeit unsystematic and patchy, of home ownership markets in which the experiences of some households has become problematic. The incidence of loan repayment difficulties, loan default and even forced sales combined with examples of falling prices and negative equity indicates a side to home ownership that is characterized by problems with social, economic and political dimensions. This book reports on research carried out in eight countries: Belgium, Finland, France, Germany, The Netherlands, Portugal, Spain and the UK. Examining the interplay of the housing markets in each country with their labor and financial markets and their systems of social security, it takes as its theoretical context the nature of globalization. It explores some of the ways in which there have been both similarities and differences in developments, supporting a view of globalization that provides some space for autonomous action by agents, including policy makers and households. The book was written as part of the Home Ownership - Social and Economic Problems Project (HOSE) that has been funded by the institutions of the researchers involved and the European Union under its Framework 5 Program.

The Globalisation of Real Estate

The Globalisation of Real Estate PDF Author: Dallas Rogers
Publisher: Routledge
ISBN: 1351265784
Category : Business & Economics
Languages : en
Pages : 267

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Book Description
Individual foreign investment in residential real estate by new middle-class and super-rich investors is re-emerging as a key issue in academic, policy and public debates around the world. At its most abstract, global real estate is increasingly thought of as a liquid asset class that is targeted by foreign individual investors who are seeking to diversify their investment portfolios. But foreign investors are also motivated by intergenerational familial security, transnational migration strategies and short-term educational plans, which are all closely entwined with global real estate investment. Government and local public responses to the latest manifestation of global real estate investment have taken different forms. These range from pro-foreign investment, primarily justified on geopolitical and macro-economic grounds, to anti-foreign investment for reasons such as mitigating public dissent and protecting the local housing market. Within this changing geopolitical context, this book offers a diverse range of case studies from Canada, Hong Kong, Singapore, Russia, Australia and Korea. It will be of interest to academics, policymakers and university students who are interested in the globalisation of local real estate. The chapters in this book were originally published in the International Journal of Housing Policy.

Seeking Shelter on the Pacific Rim

Seeking Shelter on the Pacific Rim PDF Author: Gary Dymski
Publisher: Routledge
ISBN: 1315499711
Category : Business & Economics
Languages : en
Pages : 390

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Book Description
This innovative book analyzes the changes that financial globalization is bringing about in the housing and home-finance markets of the United States, Japan, and South Korea, with special attention to the circumstances of women in obtaining housing, credit, and personal security. The book's focus on changes in the residential and housing finance markets serves as a window for an integrated examination of how the liberalization of national financial markets has affected the relationship among all players in each of the three economies - government, markets, and individual citizens. Through this examination Housing Finance Futures develops a new critical response to economic globalization based on a groundbreaking concept, the social efficiency of policy and market shifts.

Globalisation and homeownership

Globalisation and homeownership PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description


Real Estate and Globalisation

Real Estate and Globalisation PDF Author: Richard Barkham
Publisher: John Wiley & Sons
ISBN: 0470655976
Category : Business & Economics
Languages : en
Pages : 361

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Book Description
2000 to 2010 was a remarkable decade for real estate. It started with the dot.com bubble and ended with the putative recovery from the Great Financial Crisis. The period in-between featured the world's first coordinated real estate boom and slump. This book is based on a series of briefings on the relationship between macro economic events and real estate markets in the era of globalisation that covered the period. Collectively they offer unique insights, new ideas and practical approaches to real estate economics, grounded in the day-to-day realities of investment, development and fund management operations in a leading international property company. All the briefings are based on research conducted by a sophisticated in-house research team with expertise in macroeconomics, urban economics, financial economics and econometrics, led by a well- known specialist in the field. The topics highlight the relationship between real estate markets and global economic and political events – an area not well covered by academic journals. A compelling introduction considers the dramatic boom and slump in real estate values that led up to the Great Financial Crisis. The briefings are then presented, grouped into broad themes: macro economics and real estate; GDP, recessions and inflation; REITs; construction; Asia; retail, offices and housing markets; the formation of investment yields. A final chapter considers the medium-term future for real estate in the context of the ongoing financial crisis. Topics span the key sectors of office, retail and residential real estate in over 40 countries, with a focus on private sector investment, development and management. The perspective is long term, reflecting Grosvenor's unique position in real estate as a privately owned group. The author provides a commentary on each topic, giving context to the research and the implications for strategy, drawing out two unifying themes: the effect of globalisation; and the importance of macro economics and geo-politics in real estate research. Together, the briefings offer a penetrating analysis of real estate markets in the era of globalisation and financial crises. The era of crises is far from over, and Real Estate and Globalisation provides invaluable insights for property professionals worldwide – developers, occupiers, investment analysts and planners – on the nature of the processes that create such intense property market volatility. The book is also a unique source of guidance on practical property research for final year undergraduates and postgraduates on property courses, as well in geography, planning, architecture, and construction.

Contemporary Housing Issues in a Globalized World

Contemporary Housing Issues in a Globalized World PDF Author: Padraic Kenna
Publisher: Routledge
ISBN: 1317160843
Category : Law
Languages : en
Pages : 298

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Book Description
The globalization of housing finance led to the global financial crisis, which has created new barriers to adequate and affordable housing. It presents major challenges for current housing law and policy, as well as for the development of housing rights. This book examines and discusses key contemporary housing issues in the context of today’s globalized housing systems. The book takes up the challenge of developing a new paradigm, working towards the possibility of an alternative future. Revolving around three constellations of writing by diverse contributors, each chapter sets out a clear and developed approach to contemporary housing issues. The first major theme considers the crisis in mortgage market regulation, the development of mortgage securitization and comparisons between Spain and Ireland, two countries at the epicentre of the global housing market crisis. The second thematic consideration focuses on housing rights within the European human rights architecture, within national constitutions, and those arising from new international instruments, with their particular relevance for persons with disabilities and developing economies. The third theme incorporates an examination of responses to the decline and regeneration of inner cities, legal issues around squatting in developed economies, and changes in tenure patterns away from home-ownership. This topical book will be valuable to those who are interested in law, housing rights and human rights, policy-making and globalization.

Home Ownership Beyond Asset and Security

Home Ownership Beyond Asset and Security PDF Author: Marja Elsinga
Publisher: Delft University Press
ISBN: 9781441616753
Category : Home ownership
Languages : en
Pages : 335

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Book Description
Offers information by linking developments on home ownership with developments in the financial and labor markets in the context of globalization. This book is the conclusion of a body of research that started with a workshop held at the University of York in October 2000, and which resulted in the book "Globalisation and Home Ownership."

The World Bank and the Globalisation of Housing Finance

The World Bank and the Globalisation of Housing Finance PDF Author: Liam Clegg
Publisher: Edward Elgar Publishing
ISBN: 1786435608
Category : Housing
Languages : en
Pages : 276

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Book Description
The World Bank remains one of the most prominent actors in the field of global development, and one of the foremost international organisations in contemporary global politics. Over its history, its lending for housing has mortgaged development by prioritising financial sector expansion over the needs of low-income groups. Through this book, Liam Clegg explores the drivers of World Bank operational practices, and the contribution of these operations to state transformations across the global South.

Global House Price Fluctuations

Global House Price Fluctuations PDF Author: Mr.Hideaki Hirata
Publisher: International Monetary Fund
ISBN: 1475523629
Category : Business & Economics
Languages : en
Pages : 47

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Book Description
We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronized are housing cycles across these countries? Second, what are the main shocks driving movements in global house prices? To address these questions, we first estimate the global components in house prices and various macroeconomic and financial variables. We then evaluate the roles played by a variety of global shocks, including shocks to interest rates, monetary policy, productivity, credit, and uncertainty, in explaining house price fluctuations using a wide range of FAVAR models. We find that house prices are synchronized across countries, and the degree of synchronization has increased over time. Global interest rate shocks tend to have a significant negative effect on global house prices whereas global monetary policy shocks per se do not appear to have a sizeable impact. Interestingly, uncertainty shocks seem to be important in explaining fluctuations in global house prices.

Global Housing Markets

Global Housing Markets PDF Author: Ashok Bardhan
Publisher: John Wiley & Sons
ISBN: 1118144236
Category : Business & Economics
Languages : en
Pages : 576

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Book Description
A global look at the reasons behind the recent economic collapse, and the responses to it The speculative bubble in the housing market began to burst in the United States in 2007, and has been followed by ruptures in virtually every asset market in almost every country in the world. Each country proposed a range of policy initiatives to deal with its crisis. Policies that focused upon stabilizing the housing market formed the cornerstone of many of these proposals. This internationally focused book evaluates the genesis of the housing market bubble, the global viral contagion of the crisis, and the policy initiatives undertaken in some of the major economies of the world to counteract its disastrous affects. Unlike other books on the global crisis, this guide deals with the housing sector in addition to the financial sector of individual economies. Countries in many parts of the world were players in either the financial bubble or the housing bubble, or both, but the degree of impact, outcome, and responses varied widely. This is an appropriate time to pull together the lessons from these various experiences. Reveals the housing crisis in the United States as the core of the meltdown Describes the evolution of housing markets and policies in the run-up to the crisis, their impacts, and the responses in European and Asian countries Compares experiences and linkages across countries and points to policy implications and research lessons drawn from these experiences Filled with the insights of well-known contributors with strong contacts in practice and academia, this timely guide discusses the history and evolution of the recent crisis as local to each contributor's part of the world, and examines its distinctive and common features with that of the U.S., the trajectory of its evolution, and the similarities and differences in policy response.