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Housing Markets and the Global Financial Crisis

The Uneven Impact on Households Edited by Ray Forrest, University of Bristol, UK and Department of Sociology and Social Policy, Lingnan University and Ngai-Ming Yip, City University of Hong Kong
Housing markets are at the centre of the recent global financial turmoil. In this well-researched study, a multidisciplinary group of leading analysts explores the impact of the crisis within, and between, countries.
Extent: 272 pp
Hardback Price: £90.00 Web: £81.00
Publication Date: 2011
ISBN: 978 1 84980 375 5
Availability: In Stock
Paperback Price: £28.00 Web: £22.40
Publication Date: 2012
ISBN: 978 0 85793 591 5
Availability: In Stock
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  • Economics and Finance
  • Financial Economics and Regulation
  • Geography
  • Human Geography
  • Politics and Public Policy
  • Public Policy
  • Social Policy and Sociology
  • Comparative Social Policy
  • Economics of Social Policy
  • Sociology and Sociological Theory
  • Urban and Regional Studies
  • Urban Studies
Housing markets are at the centre of the recent global financial turmoil. In this well-researched study, a multidisciplinary group of leading analysts explores the impact of the crisis within, and between, countries.

The impacts of the so-called global crisis are, in fact, highly uneven for both households and institutions. This unique book investigates why this is the case as well as emphasizing the consequences. It encompasses the experiences of all the major economies, including: Australia, China, Hong Kong, Hungary, Iceland, Ireland, Japan, New Zealand, South Korea, the UK, the USA and Vietnam, highlighting and comparing a wide range of housing systems and crisis impacts.

Housing Markets and the Global Financial Crisis will strongly appeal to academics and postgraduate students in social policy, urban studies, public policy, economics, sociology and human geography. In addition, anyone with a general interest in globalization, neoliberalism and the changing nature of contemporary capitalist societies, as well as those with particular interests in housing markets and housing policy, will find this book enriching and enlightening.
‘Housing Markets and the Global Financial Crisis: The Uneven Impact on Households brings together a diverse set of researchers from a solid mix of countries, culminating in an accessible, methodologically sound and engaging edited collection. Given this, and as a first-attempt at examining the GFC comparatively in terms of its impacts on households, this book is a much welcomed addition to the urban studies discourse broadly, and empirical work on the GFC specifically.’
– Dylan Simone, Urban Studies

‘Housing Markets and the Global Financial Crisis is worth reading for policymakers (in central banks, governments or municipalities) who are in charge of the introduction of regulatory or fiscal measures in the housing sector. I enjoyed reading this small and handy book and recommend that researchers and political decision makers involved in housing buy it, read it and finally recommend it to others as a means of achieving a more global insight.’
– Karin Wagner, International Journal of Housing Policy
Contributors: M. Berry, C. Costantino, T. Dalton, K. Dol, D. Duncan, R. Forrest, J. Hegedüs, Y. Hirayama, S.-h. Kim, A. Nelson, M. Norris, H.H. Phe, R. Ronald, C. Sun, J.R. Sveinsson, D. Thorns, P. Williams, N. Winston, J. Ye, N.-M. Yip
Contents:

Preface

1. Households, Homeownership and Neoliberalism
Ray Forrest

2. Effects of the Recent Credit Cycle on Homeownership Rates Across Households: What We Know and What We Expect
Doug Duncan and Cesar Costantino

3. The Credit Crunch in the UK: Understanding the Impact on Housing Markets, Policies and Households
Peter Williams

4. Housing in Iceland in the Aftermath of the Global Financial Crisis
Jón Rúnar Sveinsson

5. Housing Wealth, Debt and Stress Before, During and After the Celtic Tiger
Michelle Norris and Nessa Winston

6. Housing in the Netherlands Before and After the Global Financial Crisis
Richard Ronald and Kees Dol

7. Housing Policy and the Economic Crisis – The Case of Hungary
József Hegedüs

8. The Impacts of the Global Financial Crisis on Housing and Mortgage Markets in Australia: A View from the Vulnerable
Mike Berry, Tony Dalton and Anitra Nelson

9. Rebuilding Housing Polices in Response to the Current Crisis. Is Homeownership the Solution?
David Thorns

10. The Global Financial Crisis and its Impact on Households: The Case of Urban Vietnam
Hoang Huu Phe

11. Housing Policy Issues in South Korea Since the Global Economic Crisis: Aspects of a Construction-Industry-Dependent Society
Soo-hyun Kim

12. Towards a Post-Homeowner Society? Homeownership and Economic Insecurity in Japan
Yosuke Hirayama

13. Business Nearly as Usual: The Global Financial Crisis and its Impacts on Households in Hong Kong
Ngai-Ming Yip

14. The Impact of the Financial Crisis on China’s Housing Market
Jianping Ye and Chao Sun

15. Concluding Discussion – Where to Now?
Ray Forrest

Appendix: Selected Key Indicators

Index