The housing boom and bust in the Nordic and Baltic countries: Similarities and differences

Hedvig Vestergaard, Christian Deichmann Haagerup

Research output: Contribution to conference without publisher/journalPaper without publisher/journalResearch

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Abstract

This article presents the findings of a comparative study of the housing markets in the Nordic and the Baltic countries and in the United Kingdom. The study was performed as part of the VISURF research network.
Generally all the housing markets were affected by the global financial crisis, but to a varying degree. The house prices fell in 2009 in most of the countries, yet Sweden and Norway only saw small decreases or negligible decreases in house prices following the crisis. However the construction of new housing fell in all of the countries in the study. The sudden change of the housing market took many planners and municipalities with surprise, and in some countries it left new housing areas only half finished.
Original languageEnglish
Publication date25 Jun 2012
Number of pages12
Publication statusPublished - 25 Jun 2012
EventENHR Conference 2012: Housing: Local Welfare and Local Markets in a Globalised World - Lillehammer, Lillehammer, Norway
Duration: 24 Jun 201227 Jun 2012
Conference number: 24th

Conference

ConferenceENHR Conference 2012
Number24th
LocationLillehammer
CountryNorway
CityLillehammer
Period24/06/201227/06/2012

Projects

VISURF: Visions of residential futures (VISURF): Housing in Transformation 2008-2011

Gromark, S., Vestergaard, H., Paadam, K., Nylander, O., Nilsson, F., Ojamäe, L., Liias, R., Kilvits, K., Haagerup, C. D., Støa, E., Nordahl, B., Ilmonen, M., Pollock, E., Scanlon, K., Lepkova, N. & Sveinsson, J. R.

NordForsk, <ingen navn>

01/01/200931/12/2011

Project: Research

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