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• W2604576733 abstract "Nowadays one of the most intensely debated subjects in economics is government intervention in real estate market. Proponents of the free market system assert that government intervention should be strongly limited still others assert there are well-grounded reasons for government intervention. In this article the most common methods and forms of government intervention in real estate market such as legislation, subsidies, taxation, zoning, rent control, minimum and maximum price policies, licensing of market participants, transaction costs and procedures, banking system, restrictions on the involvement of financial institutions in real estate market have been observed. In practice, each government uses these intervention methods with the choice of method depending on factors such as the political slant of the government, the levels of economic and institutional development, et cetera. Some countries even issue residence permit and citizenship foreigners who invest in the housing market. We find government intervention necessary, given the unique characteristics of real estate and the role that it plays in economic and social progress." @default.
• W2604576733 created "2017-04-14" @default.
• W2604576733 creator A5044127118 @default.
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• W2604576733 date "2016-12-01" @default.
• W2604576733 modified "2023-09-26" @default.
• W2604576733 title "The Role of Government in the Housing Market" @default.
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• W2604576733 doi "https://doi.org/10.22004/ag.econ.253055" @default.
• W2604576733 hasPublicationYear "2016" @default.
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