This volume brings together the main findings from the OECD Project on Housing Policies for Inclusive and Sustainable Growth – Phase II conducted over 2021-2022. This activity has built on the approach, framework and conclusions of the OECD Project on Housing carried out in 2019-2020, presented in Brick by Brick: Building Better Housing Policies.
The Economic Policy Committee, chaired by Cecilia Rouse (United States), and its Working Party No.1 on Macroeconomic and Structural Policy Analysis, then chaired by Arent Skjaeveland (Norway), led the OECD Project on Housing Policies for Inclusive and Sustainable Growth – Phase II. The project benefited from the oversight of and contributions from the Committee on Statistics and Statistical Policy, the Employment, Labour and Social Affairs Committee, the Environment Policy Committee, the Regional Development Policy Committee, the Committee on Financial Markets and the Committee on Fiscal Affairs. The project leaders were Laurence Boone, Deputy Secretary-General and Chief Economist, and Alvaro Pereira, Acting Chief Economist. The project manager was Luiz de Mello, Director of Policy Studies (Economics Department), with the support of Asa Johansson, Deputy Director (Statistics and Data Directorate), and Boris Cournède, Acting Head of the Public Economics Division (Economics Department).
Boris Cournède and Volker Ziemann (both Economics Department) coordinated the report with research assistance from Manuel Bétin (Economics Department) and editing by Peter Hoeller (consultant).
The principal authors were Boris Cournède (Chapters 1, 2 and 4), Luiz de Mello (Chapter 1), Volker Ziemann (Chapters 2 and 4), Manuel Bétin (Chapters 2 and 4), Economics Department, Willem Adema, Ali Bargu and Marissa Plouin (Chapter 1), Directorate for Employment, Labour and Social Affairs, Peter Hoeller, consultant (Chapter 2), Sean Dougherty (Chapter 2), Network on Fiscal Relations, Caroline Roulet (Chapter 3), Directorate for Financial and Enterprise Affairs, Peter Jarrett, consultant (Chapter 3), Rudiger Ahrend, Alexandre Banquet, Maria Paula Caldas, Marcos Díaz Ramírez, Paolo Veneri (Chapter 4), Centre for Entrepreneurship, SMEs, Regions and Cities, Katherine Hassett, Ioannis Tikoudis and Lea Stapper (Chapter 4), Environment Directorate, Daniel Sanchez-Serra, Pierre-Alain Pionnier (Chapter 4), Luiz de Mello and Alain de Serres, Economics Department, provided guidance and comments on various versions of the report. Inés Gómez Palacio and Nathalie Bienvenu, Economics Department, prepared the report for publication.
The report has benefited from strong support by and fruitful exchanges with the chairs and delegates of the above-listed committees and their working parties as well as the Housing Horizontal Project Steering Group. Nicolina Lamhauge (Environment Directorate), Sarah Perret (Centre for Tax Policy and Administration), Peter Jarrett (consultant) and staff from across the OECD provided valuable comments: the Office of the Secretary-General, the Centre for Entrepreneurship, SMEs, Regions and Cities, the Centre for Tax Policy and Administration, the Directorate for Employment, Labour and Social Affairs, the Economics Department, the Directorate for Financial and Enterprise Affairs and the Environment Directorate.
Grateful acknowledgements for the sharing of detailed geographic data on housing used in Chapters 1 and 4 go to: Statistik Austria, Statbel (Belgium), vdpResearch (Germany), Statistics Denmark, INE (Spain), Statistics Finland, Ministry of Economy, Finance and Industrial and Digital Sovereignty (France), Hungarian Central Statistics Office, Central Bureau of Statistics (Israel), MOLIT (Korea), Sociedad Hipotecaria Federal (Mexico), Statistics Norway, Confidencial Imobiliário (Portugal), Svensk Maklarstatistik (Sweden) and the Zillow Research Institute (United States). Special thanks are expressed for the contributions included in Chapter 3 on real estate finance policies by Committee on Financial Markets Delegates and experts in national authorities from Ireland, Italy, Lithuania, Norway and Switzerland.