Pitfalls of excessive owner occupied housing

Abstract

This paper presents research addressing the problems of the Estonian housing market which is characterized as owner occupied. The aim of the research is to find the possible ways and policies to avoid housing „bubbles“ and warning signals of their occurrences. The paper is divided into sections: after a brief introduction it focuses on the problem identification in comparison with recent findings in other countries, followed by the possible policies to apply. Third part is describing the modelling and simulation possibilities.