Understanding Affordability: The Economics of Housing Markets

For many younger and lower-income people, housing affordability continues to worsen.

Based on the academic research of two distinguished housing economists – and stimulated by working with governments across the world - this wide-ranging book sets out clear theoretical and empirical frameworks to tackle one of today’s most important socio-economic issues.

Housing unaffordability arises from complex forces and a prerequisite to effective policy is understanding the causes of rising house p...