Description
Home ownership sectors in most European countries have grown in size. Whatever assets European households have acquired in recent decades, real estate appears to form a significant element in wealth portfolios. Frequently, national governments have been active in promoting the shift-in tenure balance. The general question pursued in this book is about the gains and losses accruing to individual households by virtue of their position as home owners. The focus, here, is on financial gains and losses. This book is also concerned with the losses, in the form of repayment risk, related to, difficulties that some households may experience in meeting housing loan repayment schedules. The immediate background to this volume is the Conference on Housing Growth and Regeneration. Hosted by the Cambridge Centre for Housing and Planning Research, Department of Land Economy, University of Cambridge, it was held under the auspices of the European Network of Housing Researchers.
Chapter
First time buyers in 2001
Comparison between first time buyers in 1992 and 2001
Scope for housing policy?
‘The quantified customer’, or how financial institutions value risk
Risk selection in the mortgage market
The power of quantification
Acceptance policy and credit limits
Optimal mortgage choices within different institutional contexts
Modelling the spot rate and the appropriate yield curve
Optimal mortgage choices in a cost-risk framework
Optimal mortgage choice strategies
Modelling the costs and risk of mortgages
Affordable and low-risk home ownership
A search for different forms of affordable and low-risk home ownership in four countries
Further analysis of three Dutch tenures
Affordability, need and the intermediate market: Responding to the challenge in pressured regions
Measurement and modelling of affordability and access
Affordability over space and time
Structural changes in the Danish market for owner-occupation
Changing conditions and changing structures for owner-occupation
Owner-occupation - an economic policy target
Owner-occupation - the aspired form of tenure
Owner-occupation data and the statistical sources
Owner-occupation - the changing numbers and rates
Owner-occupation - changes in quantities through structural policy and economic policy
Owner-occupation - ups and downs in house prices
Owner-occupier families' housing wealth/income ratios
Owner-occupier's housing wealth/income ratios, by age
Housing wealth/income ratios for young owneroccupies families
Rates of change in housing wealth/income ratios during a bust and boom period
How do people finance the increasingly expensive owner-occupied dwellings?
Mortgage equity withdrawal and remortgaging activity
The Bank of England's measure of MEW
The component flows of MEW
Survey of English Housing data
Average amounts of equity withdrawal over time
Remortgagers and equity withdrawal
Characteristics of remortgagers
Are movers also remortgaging and withdrawing equity?
Households' equity position
Home ownership, poverty and educational achievement
Review of factors affecting educational attainment
Payment difficulties of home owners in Germany
Context: The owner-occupied sector of the German housing market
Number of compulsory auctions involving owner-occupied homes
Home owners: financial background and reasons for payment difficulties
The basis for many difficulties
Perception of arising payment difficulties
Steps towards successfully restoring financial soundness and deficiencies in practice
Home Ownership. Getting in, Getting from, Getting out.
( Housing and Urban Policy Studies )
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