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The countries of Eastern Europe have been on the long road to the market for more than a decade. And while the macroeconomic record has been well documented, there has been little analysis of individual country and cross-sector progress. This book offers detailed comparative analysis of the housing sector in seven countries as a window to understanding the developments beyond the headlines. The authors document housing progress towards reliance on markets, how easy it is for families to buy housing, and how the housing sector has contributed to macroeconomic stabilization in Hungary, Slovenia, the Czech and Slovak Republics, Poland, Russia, Armenia, and Estonia.
A new focus on private renting has been brought into sharp relief by the global financial crisis, with its profound impact on mortgage finance, housing markets and government budgets. Written by specially commissioned international experts and s
The rapid political changes in Eastern Europe and the Soviet Union have had repercussions for many elements of the socialist system. Housing provision, always an important part of the socialist agenda, has undergone extensive changes. These have solved some problems but given rise to others. The studies in The Reform of Housing in Eastern Europe and the Soviet Union highlight the various aspects of housing reform, including such issues as rehabilitation, private initiatives, housing quality, welfare requirements and home ownership. While in some countries policy-makers have adhered to the older methods of housing provision, in others the number of massive state-run projects has declined in favour of smaller privately-funded enterprises. The latest changes reflect the socio-economic restructuring of the countries in general and thus housing can be seen as a spearhead for reforms throughout the system. The contributors are active researchers in the former Eastern Bloc who analyse the latest reforms and academics from Western Europe who supply a context of broader housing issues. They analyse the external factors that have influenced the reforms and assess the outlook for the future.
The transition to market economies in Eastern Europe, considered in the light of Western experiences of seeking a middle way between classical liberalism and state socialism.
The discussion of where people live and how people pay for their housing has undergone a significant shift. Until the mortgage crisis erupted in 2008, the housing policy of most nations focused on increasing home ownership. There had been very little discussion about rental housing, less about social housing, and virtually none about public housing. The mortgage crisis showed the challenges inherent in pushing for home ownership for all. With homes going into foreclosure and with credit tightening in many countries, the need for rental housing increased dramatically. However, most countries are only beginning to consider supporting rental housing as a shelter option. This book is an effort to bring rental housing to the forefront of the housing agenda and to provide general guidance to policy makers. The information it provides can assist key players in housing markets--government officials, private rental property owners, financiers, and nongovernmental organizations--in including rental housing as a critical housing option and in having an informed discussion on how best to stimulate this sector.