The Philippines is not your average country, but there are plenty of examples of countries with a housing crisis in their midst.
And while the Philippines may not be the only country where a housing shortage has plagued it, it certainly isn’t the only one.
In fact, there are more countries that have had a housing bubble, with several of them having experienced similar housing bubbles.
Here’s what you need know to plan ahead.1.
Japan Japan has been grappling with its housing shortage for decades.
It started with the Nikkei stock index plummeting in the early 1990s, which led to the country’s economy and population spiraling downward.
Japan also faced the first housing bubble in its history, in the 1970s.2.
United States In the late 1980s, the stock market began a gradual decline, but then started to rebound in the late 1990s.
The U.S. economy then grew strongly during the 2001 and 2008 recessions.3.
Sweden Sweden has also experienced its housing bubble.
The country experienced a bubble in the mid-1990s, but by the end of the decade, the housing bubble was fully inflated.4.
The Philippines Housing bubbles have also been known to hit other countries as well.
In 2008, Australia experienced a housing boom that was later followed by a housing crash.5.
Canada In Canada, a housing market that was booming in the 1990s burst in the 2000s.
In 2012, the country saw another housing bubble with the housing market in Vancouver and Vancouver Island bursting in the same year.6.
France In the mid 1980s and early 1990es, France was a booming manufacturing hub.
But that didn’t last.
In the early 2000s, a severe recession hit the country, and French manufacturing and the rest of the economy suffered.7.
United Kingdom The UK’s housing bubble burst in 2008.
The UK had been in the midst of a housing bust since the mid 1990s as it was hit by the global financial crisis.
In 2014, the British government passed a new, austerity-driven tax on home ownership.
It resulted in a shortage of new homes for British households.8.
Argentina In 2013, Argentina experienced its own housing bubble that lasted for almost a decade.
The recession that hit the nation, as well as the subsequent housing bubble caused inflationary pressures that eventually led to a collapse in the price of housing.9.
Italy Italy’s housing market also experienced a significant housing bubble during the 2000’s.
In 2003, the Italian government passed an anti-predatory lending law.
This led to widespread speculation in Italian housing.
It also resulted in widespread inflation.10.
Germany In the 1990’s, Germany’s housing crisis came about due to the global economic crisis.
The government passed restrictive measures, including a tax on buying houses.
The law was implemented and the price was then skyrocketing.11.
Denmark Denmark’s housing bubbles have been more severe than others in the European Union, as the country has experienced a severe housing crisis since the 1980s.
From the late 2000s to the early 2020s, there were three bubbles.
The first one led to an inflationary crisis in the second decade of the 21st century, when the price rose by around 60% over the same period.
The second bubble was caused by a sharp drop in interest rates in the first quarter of 2018, but ended up only causing inflation of 1.2%.
The third bubble was created by the collapse in a housing sector in 2013, but was not a bubble at all.12.
Canada Canada has experienced its share of housing bubbles in recent years.
In 2017, the Canadian housing market experienced its first housing price bubble, followed by another bubble in 2018.
The price of a home in the province of Ontario rose by over $5,000 between 2009 and 2020.13.
Sweden The Swedish housing bubble also began to burst in 1998.
In 1999, a Swedish housing crisis hit, leading to a global financial meltdown.
In 2015, the Swedish government passed stricter regulations on housing and led to further price increases.14.
Denmark The Danish housing bubble began to bubble in 2008, after a severe downturn in the Swedish economy.
During the global recession in 2008 and 2009, prices dropped in Denmark and the country experienced the most rapid housing price drop in the OECD.15.
Norway Norway has also faced a housing price boom.
In 2011, the Norwegian government passed legislation that caused a housing glut.
In 2018, Norway’s housing boom was caused when its stock market plunged in the year following the tax.16.
Singapore Singapore has had its share too.
In 1998, the Singapore government passed one of the toughest anti-profit laws in the world, which is considered to be one of its toughest.
The following year, Singapore’s housing price crashed to the lowest level in its entire history, and the economy then suffered severe recession.17.
Austria The Austrian housing bubble started to burst with a huge housing bubble at the beginning of the 2000 year.
At the end, Austria experienced its most