Hot Property

Foreword.-Preface.-Part I - The Rise of Major Cities: Causes and Consequences.-1. In the Age of Cities: The Impact of Urbanisation on House Prices and Affordability.-2. Tackling London's Housing Crisis.-3. The Housing Market in Major Dutch Cities.- Part II - Is There a Bubble in Major Cities?.-4. Regional House Price Differences: Drivers and Risks.-5. A Tale of Two Cities: Is Overvaluation a Capital Issue?.-6. Towards a Global Real Estate Market? Trends and Evidence.-7. Managing House Price Booms: Evolution of IMF Surveillance and Policy Advice.-Part III - Housing Supply in Urban Areas.-8. The Macroeconomic Implications of Housing Supply Restrictions.-9. Some Brief Thoughts on Housing Supply and Policy.-10. The Smouldering Issue.-11. Housing Markets in Scandinavia: Supply, Demand and Regulation.-12. The Relationship Between Supply Constraints and House Price Dynamics in the Netherlands.-Part IV - Policy responses.-13. The Dutch Housing Agenda.-14. Financial Stability and Housing Markets in Large Cities: What Role for Macroprudential Policy?.-15.Soaring House Prices in Major Cities: How to Spot and Moderate Them.-16. The Korean Housing Market: Its Characteristics and Policy Responses.-17. House Prices and Financial Stability: An Australian Perspective.-18. Exploding House Prices, Unaffordability in Urban Housing Markets - Explanations and Policy Solutions for the Netherlands.

Dr. Rob NijskensRob is an economist in the Financial Stability Division of DNB since 2012, specializing in analyzing financial stability risks in commercial and residential real estate markets. Together with Melanie Lohuis and Willem Heeringa he authored the 2017 DNB Occasional Study "The housing market in major Dutch cities". He has also written extensively on commercial real estate, both in policy and academic contexts. His academic work has appeared in the Journal of Banking and Finance and the Handbook of Central Banking, Financial Regulation and Supervision. Next to his work on real estate, Rob conducts macroprudential analysis and performs research on early warning models. He also teaches macro- and financial economics at Tilburg University.Rob holds a Master's degree in International Economics and Finance from Tilburg University and a PhD in Economics from CentER, Tilburg University.
Melanie LohuisMelanie is a policy advisor in the Financial Stability department at the Netherlands Bank (DNB). She is the author of the Occasional Study "The housing market in major Dutch cities" (with Rob Nijskens and Willem Heeringa; DNB Occasional Studies Vol. 15-1, 2017). She also co-organized the high-level DNB seminar 'Hot property: the housing market in major cities', which brought together high-level policy makers, supervisors and academics from around the globe to address the challenges posed by rising house prices in major cities. Melanie has been working at DNB since 2014. Before she took up her current position in the Financial Stability department, she has been working in insurance supervision, payments policy and supervision policy. Prior to this, she conducted policy analysis at a strategic consultancy firm. Melanie studied International Economics & Business at the University of Groningen (BSc, MSc).
Prof. Dr.Paul HilbersPaul was appointed Director Financial Stability at the Netherlands Bank (DNB) in May 2015. He is a