TY - BOOK AU - Nijskens,Rob AU - Lohuis,Melanie AU - Hilbers,Paul AU - Heeringa,Willem ED - SpringerLink (Online service) TI - Hot Property: The Housing Market in Major Cities SN - 9783030116743 AV - HT321 U1 - 330.91732 23 PY - 2019/// CY - Cham PB - Springer International Publishing, Imprint: Springer KW - Urban economics KW - Capital market KW - Economic policy KW - Real estate management KW - Sociology, Urban KW - Urban Economics KW - Capital Markets KW - Economic Policy KW - Real Estate Management KW - Urban Studies/Sociology N1 - Open Access N2 - This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are booming everywhere, leading to a growing demand for urban housing. In many cities this demand is out-pacing supply, which causes house prices to soar and increases the pressure on rental markets. These developments are posing major challenges for policymakers, central banks and other authorities responsible for ensuring financial stability, and economic well-being in general. This volume collects views from high-level policymakers and researchers, providing essential insights into these challenges, their impact on society, the economy and financial stability, and possible policy responses. The respective chapters address issues such as the popularity of cities, the question of a credit-fueled housing bubble, the role of housing supply frictions and potential policy solutions. Given its scope, the book offers a revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and financial stability UR - https://doi.org/10.1007/978-3-030-11674-3 ER -