The Swedish Housing Market: Better Allocation via Less Regulation
While several sectors in the economy have been deregulated, the Swedish housing market remains distorted, hindering an optimal matching of supply and demand. In the rental market the rent setting framework with its focus on cost-based rents in the public sector prevents a price response, leading to...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2007
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.559 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | While several sectors in the economy have been deregulated, the Swedish housing market remains distorted, hindering an optimal matching of supply and demand. In the rental market the rent setting framework with its focus on cost-based rents in the public sector prevents a price response, leading to long queues in some regions and vacancies in others. Many Swedes that would have preferred otherwise are driven into the owner-occupied segment, where prices are increasing strongly, and rising above an estimated fundamental value. The supply of new dwellings is made more difficult by an uncompetitive construction industry, coupled with cumbersome planning regulations and few incentives for municipalities to issue more land. On the fiscal side, real estate taxes are below neutral levels, implying an indirect subsidy to housing. This paper presents a review of the recent steps to abolish real estate taxes and also proposes comprehensive reform of regulations in the rental housing sector. This paper relates to the OECD Economic Survey of Sweden 2007 (www.oecd.org/eco/surveys/sweden). |
| Beschreibung: | 1 Online-Ressource (45 p.) 21 x 29.7cm. |
| DOI: | 10.1787/175230504175 |
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| spelling | Hüfner, Felix VerfasserIn aut The Swedish Housing Market Better Allocation via Less Regulation Felix, Hüfner and Jens, Lundsgaard = Le marché du logement suédois : Moins réglementer pour obtenir une meilleure allocation des ressources / Felix, Hüfner et Jens, Lundsgaard Le marché du logement suédois Paris OECD Publishing 2007 1 Online-Ressource (45 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.559 While several sectors in the economy have been deregulated, the Swedish housing market remains distorted, hindering an optimal matching of supply and demand. In the rental market the rent setting framework with its focus on cost-based rents in the public sector prevents a price response, leading to long queues in some regions and vacancies in others. Many Swedes that would have preferred otherwise are driven into the owner-occupied segment, where prices are increasing strongly, and rising above an estimated fundamental value. The supply of new dwellings is made more difficult by an uncompetitive construction industry, coupled with cumbersome planning regulations and few incentives for municipalities to issue more land. On the fiscal side, real estate taxes are below neutral levels, implying an indirect subsidy to housing. This paper presents a review of the recent steps to abolish real estate taxes and also proposes comprehensive reform of regulations in the rental housing sector. This paper relates to the OECD Economic Survey of Sweden 2007 (www.oecd.org/eco/surveys/sweden). Economics Sweden Lundsgaard, Jens MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/175230504175 Volltext |
| spellingShingle | Hüfner, Felix The Swedish Housing Market Better Allocation via Less Regulation Economics Sweden |
| title | The Swedish Housing Market Better Allocation via Less Regulation |
| title_alt | Le marché du logement suédois |
| title_auth | The Swedish Housing Market Better Allocation via Less Regulation |
| title_exact_search | The Swedish Housing Market Better Allocation via Less Regulation |
| title_full | The Swedish Housing Market Better Allocation via Less Regulation Felix, Hüfner and Jens, Lundsgaard = Le marché du logement suédois : Moins réglementer pour obtenir une meilleure allocation des ressources / Felix, Hüfner et Jens, Lundsgaard |
| title_fullStr | The Swedish Housing Market Better Allocation via Less Regulation Felix, Hüfner and Jens, Lundsgaard = Le marché du logement suédois : Moins réglementer pour obtenir une meilleure allocation des ressources / Felix, Hüfner et Jens, Lundsgaard |
| title_full_unstemmed | The Swedish Housing Market Better Allocation via Less Regulation Felix, Hüfner and Jens, Lundsgaard = Le marché du logement suédois : Moins réglementer pour obtenir une meilleure allocation des ressources / Felix, Hüfner et Jens, Lundsgaard |
| title_short | The Swedish Housing Market |
| title_sort | swedish housing market better allocation via less regulation |
| title_sub | Better Allocation via Less Regulation |
| topic | Economics Sweden |
| topic_facet | Economics Sweden |
| url | https://doi.org/10.1787/175230504175 |
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