# Researchers analyzed housing markets in 23 OECD countries from 1990 to 2019.

*business · news · 2026-04-07 · Phys.org*

## Key points

- House price cycles in OECD countries are nearly twice as volatile as long-term trends suggest.
- Low capital gains taxes and landlord-friendly rental regimes significantly increase housing market volatility.
- Mortgage credit availability is not the main driver of housing booms and busts, contrary to common belief.
- Countries with stronger tenant protections and more social housing experience more stable house prices.

**Countries:** OECD

[Read the full story on Phys.org](https://phys.org/news/2026-04-reveals-housing-booms-built.html)

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