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No money, no housing security? The role of intergenerational transfers, savings, and mortgage in mobility within and into insecure housing positions in Hungary

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  • Adrienne CSIZMADY

    (Hungarian Academy of Sciences Centre of Excellence, Budapest, Hungary)

  • Ã gnes GYÅ RI

    (Hungarian Academy of Sciences Centre of Excellence, Budapest, Hungary)

  • Ã gnes GYÅ RI

    (Hungarian Academy of Sciences Centre of Excellence, Budapest, Hungary)

Abstract

The article reviews current housing mobility patterns in Hungary, with specific regard to relocations within the rental sector and mobility from the owner occupied to the rental sector. By doing this, it intends to gain a more profound insight into housing mobility within or into less secure positions in the housing system. The analysis explores the role of factors beyond basic socioeconomic variables, such as access to different sources of housing finance, to housing mobility, through multivariable analysis of representative survey data. It points out how the lack of access to intergenerational transfers, savings, and mortgage leads to the inability of households to exit the rental sector. Besides, it draws attention to formerly mortgaged households moving from homeownership to the rental sector. It discusses the results in the context of Hungary's super-homeownership tenure structure, the highly ownership-oriented public policies, the lack of effective measures to tackle housing unaffordability and the loosely regulated rental sector. The analysis is based on data from a large sample personal survey conducted in 2018 (N=2650).

Suggested Citation

  • Adrienne CSIZMADY & Ã gnes GYÅ RI & Ã gnes GYÅ RI, 2022. "No money, no housing security? The role of intergenerational transfers, savings, and mortgage in mobility within and into insecure housing positions in Hungary," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 13, pages 208-227, June.
    • Handle: RePEc:jes:journl:y:2022:v:13:p:208-227
    DOI: https://doi.org/10.47743/ejes-2022-0110
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    References listed on IDEAS

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    1. Mark Stephens & Martin Lux & Petr Sunega, 2015. "Post-Socialist Housing Systems in Europe: Housing Welfare Regimes by Default?," Housing Studies, Taylor & Francis Journals, vol. 30(8), pages 1210-1234, November.
    2. Adrienne Csizmady & József Hegedüs & Gyula Nagy, 2017. "The effect of GFC on tenure choice in a post-socialist country – the case of Hungary," International Journal of Housing Policy, Taylor & Francis Journals, vol. 17(2), pages 249-275, April.
    3. Adrienne Csizmady & József Hegedüs & Gyula Nagy, 2017. "The effect of GFC on tenure choice in a post-socialist country – the case of Hungary," European Journal of Housing Policy, Taylor and Francis Journals, vol. 17(2), pages 249-275, April.
    4. Martin Lux & Petr Gibas & Irena Boumová & Martin Hájek & Petr Sunega, 2017. "Reasoning behind choices: rationality and social norms in the housing market behaviour of first-time buyers in the Czech Republic," Housing Studies, Taylor & Francis Journals, vol. 32(4), pages 517-539, May.
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