Research Catalog

The Swedish Housing Market Better Allocation via Less Regulation

Title: The Swedish Housing Market [electronic resource]: Better Allocation via Less Regulation / Felix Hüfner and Jens Lundsgaard
Author: Hüfner, Felix.
Publication: Paris : OECD Publishing, 2007.

Available Online

Full text online available onsite at NYPL

Details

Additional Authors

Lundsgaard, Jens.

Description

46 p.; 21 x 29.7cm.

Summary

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).

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.559

Uniform Title

OECD Economics Department Working Papers, no.559.

Subject

LCCN

10.1787/175230504175

OCLC

oecd-lib-003548

Author

Hüfner, Felix.

Title

The Swedish Housing Market [electronic resource]: Better Allocation via Less Regulation / Felix Hüfner and Jens Lundsgaard

Imprint

Paris : OECD Publishing, 2007.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.559

OECD Economics Department Working Papers, 1815-1973 ; no.559.

Connect to:

http://dx.doi.org/10.1787/175230504175

Indexed Term

Economics

Sweden

Added Author

Lundsgaard, Jens.

Other Standard Identifier

10.1787/175230504175 doi

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