Or, more likely, affordability has been eroded by rapidly rising house prices, which have increased the most in Australia among the comparison group. For Norway, there has been no material change in the home-ownership rate over this limited time period. 15 As I noted earlier, important innovations have fostered deeper, more efficient and diversified mortgage financing.
In the Italian case, the launch of the Atlante fund is an initiative to recreate confidence and goes in the right direction. It shows the willingness of all the parties involved to address the issue in a swift and timely manner.