An essay on housing, from a financial perspective to tax reforms to converge towards a fairer market equilibrium

In the last decade, the housing market has been characterized by three main facts: an overall increase in housing prices, a stronger rate of growth in the most important cities and a reduction in the values of the rent to price ratio. This process has led to a huge heterogeneity in housing rents, prices and, as a consequence, yields. Moving from these market phenomena, this work will provide a new opinion on the possible causes that have triggered these events. The financial perspective is positioned at the centre of the debate, leading to justify market trends and paying attention to possible irrational elements in the construction of market growth expectations. Finally, the work will focus on the social implications deriving from the current condition of the real estate market and on possible political interventions.