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

Hedvig Vestergaard, Christian Deichmann Haagerup

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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


ConferenceENHR Conference 2012

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