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A Comparative Analysis of the Housing Affordability in Romania and the European Union from the Perspective of the Housing Costs

In: 16th Economic International Conference NCOE 4.0 2020

Author

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  • Luminita-Mirela Lăzărescu

    („Stefan cel Mare" University, Suceava, Romania)

  • Daniela Liliana Diacon

    („Stefan cel Mare" University, Suceava, Romania)

Abstract

The accessibility of housing is one of the challenges to which the global economy, and implicitly, the European economy, must respond from the perspective of ensuring sustainable socio-economic development of contemporary society.This challenge is the result of problems whose manifestation has been accentuated in the last decades: increasing the rate of housing deprivation, limiting the access to housing for some social categories, emphasizing social exclusion and segregation.This study aims to identify, after a comparative analysis of the indicators associated with housing costs in the European Union and Romania, the main problems facing our country, as a state of the European Union, from the perspective of housing affordability.The research focuses on the study of housing conditions and the aspects that define the housing affordability in Romania and the European Union. Romania has a housing stock dominated by houses (70.3% of homes built before 1980), but which is not burdened by major deficiencies (regarding the number of homes, number of rooms, living space).The deficiencies of housing in Romania are related to overcrowding and severe housing deprivation. In terms of housing costs, the research showed a high degree of burden on Romanian households with housing costs, among the highest in the EU, seven out of ten households feel the financial burden of housing costs and only 6% of households are not affected. Data provided by Eurostat for the period 2010-2018 were used for the analysis.

Suggested Citation

  • Luminita-Mirela Lăzărescu & Daniela Liliana Diacon, 2020. "A Comparative Analysis of the Housing Affordability in Romania and the European Union from the Perspective of the Housing Costs," Book chapters-LUMEN Proceedings, in: Carmen NÄ‚STASE (ed.), 16th Economic International Conference NCOE 4.0 2020, edition 1, volume 13, chapter 9, pages 93-104, Editura Lumen.
    • Handle: RePEc:lum:prchap:13-09
    DOI: https://doi.org/10.18662/lumproc/ncoe4.0.2020/09
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    References listed on IDEAS

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    1. Ikenna Stephen Ezennia & Sebnem Onal Hoskara, 2019. "Methodological weaknesses in the measurement approaches and concept of housing affordability used in housing research: A qualitative study," PLOS ONE, Public Library of Science, vol. 14(8), pages 1-27, August.
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    Cited by:

    1. Luminita-Mirela Lăzărescu & Daniela Liliana Diacon & Vasile Efros & Vasilică-Dănut Horodnic, 2020. "Housing Affordability in the Context of Covid-19 Pandemic – New Challenges for Romania," Book chapters-LUMEN Proceedings, in: Marcin Waldemar STANIEWSKI & Valentina VASILE & Adriana Grigorescu (ed.), International Conference Innovative Business Management & Global Entrepreneurship (IBMAGE 2020), edition 1, volume 14, chapter 22, pages 294-311, Editura Lumen.

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    More about this item

    Keywords

    housing conditions; housing affordability; housing costs; burden; housing deprivation;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • F1 - International Economics - - Trade
    • F3 - International Economics - - International Finance
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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