House prices, household saving and financial market liberalization in Finland

@inproceedings{Koskela1992HousePH,
  title={House prices, household saving and financial market liberalization in Finland},
  author={Erkki Koskela and Heikki A. Loikkanen and Matti Vir{\'e}n},
  year={1992}
}
This paper describes some institutional aspects of housing, markets and analyzes the price development of owner-occupied housing and its interaction with the household saving ratio in Finland during the last two decades. In Finland the volatility of house prices in relation to income can to a large extent be traced to the major changes in financial market conditions. Two other factors have also contributed to the house price volatility, namely the favourable tax treatment of housing (and othe.r… CONTINUE READING