Private renting in Romania
AbstractThe paper's aim is to present an overview on the PRS in Romania, emphasizing the main characteristics and the nature of PRS evolution after 1989. The past 20 years reveal some key-changes that occurred in the socio-economic and political life of the country and we have explored them as factors that have shaped the PRS. The analysis begins with a presentation of PRS stock, and it continues with a brief assessment of the housing conditions in addition to the socio-economic and demographic profile of households in the sector. Romania has a large housing stock with an unusually high-share of private ownership. Having these findings as a starting point, our paper explores those housing policies that have had the biggest impact on the field and shaped housing market trends. We have used statistical tools to analyze the data provided by the National Institute of Statistics-Romania, and Housing Associations, and major real-estate companies who operate on the Romanian market. An exploratory research was developed using the opportunity to interview policy-makers, national housing authorities, landlords and tenants in order to describe the current role of PRS on the housing market and the future of PRS in Romania.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 28367.
Date of creation: 02 Feb 2010
Date of revision: 24 Jan 2011
private rental sector; housing stock; tenant; landlord; rent; housing market; housing policy;
Find related papers by JEL classification:
- P25 - Economic Systems - - Socialist Systems and Transition Economies - - - Urban, Rural, and Regional Economics
- R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location - - - Housing Supply and Markets
- R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-02-05 (All new papers)
- NEP-TRA-2011-02-05 (Transition Economics)
- NEP-URE-2011-02-05 (Urban & Real Estate Economics)
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