IDEAS home Printed from https://ideas.repec.org/a/taf/eurjhp/v8y2008i2p133-160.html
   My bibliography  Save this article

Mortgage Markets in Central and Eastern Europe – A Review of Past Experiences and Future Perspectives

Author

Listed:
  • Friedemann Roy

Abstract

The collapse of the former Soviet Union and the subsequent transition process has transformed the political, social and economic landscape in central and eastern Europe, the Balkans and Russia. Reforms of the existing regulatory and institutional framework have created the basis for continued economic expansion. The resulting rising incomes of households have become one of the main drivers for prosperous banking markets. To benefit from this positive trend, many banks have opted for an expansion into mortgage lending. The objective of this paper is therefore to analyse how these countries have managed to convert the positive economic development into better housing for their citizens (including the access to mortgage credit). The paper sets out the criteria which are considered essential for the development of primary mortgage markets and compares these with mortgage market development, starting with an outline of the situation before the beginning of the transition process, including an analysis of what has enabled the emergence of the mortgage markets and finishing by an overview of the present situation. The paper concludes with an assessment of the progress made since the start of the transition process, thereby providing an outlook for the further development of mortgage markets, in particular in view of the current turbulence in the international financial markets.

Suggested Citation

  • Friedemann Roy, 2008. "Mortgage Markets in Central and Eastern Europe – A Review of Past Experiences and Future Perspectives," European Journal of Housing Policy, Taylor and Francis Journals, vol. 8(2), pages 133-160.
  • Handle: RePEc:taf:eurjhp:v:8:y:2008:i:2:p:133-160
    DOI: 10.1080/14616710802061953
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/14616710802061953
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/14616710802061953?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jie Shen & Yang Xiao, 2020. "Emerging divided cities in China: Socioeconomic segregation in Shanghai, 2000–2010," Urban Studies, Urban Studies Journal Limited, vol. 57(6), pages 1338-1356, May.
    2. Mark Stephens, 2010. "Locating Chinese Urban Housing Policy in an International Context," Urban Studies, Urban Studies Journal Limited, vol. 47(14), pages 2965-2982, December.
    3. Badev, Anton & Beck, Thorsten & Vado, Ligia & Walley, Simon, 2014. "Housing finance across countries : new data and analysis," Policy Research Working Paper Series 6756, The World Bank.
    4. Pásztor, Szabolcs & Kovács, Levente, 2018. "A globális jelzálogpiac helyzete és kihívásai [The state of global mortgage markets and the challenges to them]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1225-1256.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:eurjhp:v:8:y:2008:i:2:p:133-160. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/REUJ20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.