Making Norway's housing more affordable and sustainable:

Norway, like a number of other countries, saw steep growth in house prices during the pandemic. This added to past years of strong price increases and has brought renewed concern for housing affordability. Tax advantages to buying homes inflate house prices, contribute to wealth inequality and diver...

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Bibliographische Detailangaben
1. Verfasser: Conigrave, Ben (VerfasserIn)
Weitere Verfasser: Hemmings, Philip (MitwirkendeR)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Paris OECD Publishing 2022
Schriftenreihe:OECD Economics Department Working Papers no.1711
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Online-Zugang:Volltext
Zusammenfassung:Norway, like a number of other countries, saw steep growth in house prices during the pandemic. This added to past years of strong price increases and has brought renewed concern for housing affordability. Tax advantages to buying homes inflate house prices, contribute to wealth inequality and divert resources from more productive investments. An underdeveloped rental market is an additional consequence of Norway's pro-homeownership policies. Beyond tax reform and targeted support for low-income households, including renters, lasting improvements in affordability will require measures to enhance the responsiveness of residential construction to increased demand. However, creating room for new housing supply can involve difficult trade‑offs with environmental and other policy objectives.
Beschreibung:1 Online-Ressource (54 p.) 21 x 28cm.
DOI:10.1787/c740833e-en

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