IDEAS home Printed from https://ideas.repec.org/a/jes/wpaper/y2017v9i3p377-400.html
   My bibliography  Save this article

The CEE housing markets before, during and after the transition: an overview of property prices and home ownership rates

Author

Listed:
  • Elena IONASCU

    () (PhD candidate at Alexandru Ioan Cuza University, Iasi, Romania;)

Abstract

The purpose of this research is to investigate relevant economic aspects, which characterized housing markets from Central and Eastern European (CEE) countries, to identify the factors which determine the house prices and to find the economic implications of property investments, under an international micro and macroeconomic environment. Methodological, the article uses the deduction and comparative analysis of collected statistical data, and strategic reforms in post-communist countries are qualitatively explored through content analysis. In the case of CEE region, fundamentals determinants, such as real income, real interest rate, demographic factors, play an extremely important role in explaining house price distortions. The principles of communist ideology added a special note in the evolution of prices, so the home ownership rate, the housing quality, the financial housing system, European integration represent a number of traditional factors with significant impact.

Suggested Citation

  • Elena IONASCU, 2017. "The CEE housing markets before, during and after the transition: an overview of property prices and home ownership rates," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 9(3), pages 377-400, October.
    • Handle: RePEc:jes:wpaper:y:2017:v:9:i:3:p:377-400
    as

    Download full text from publisher

    File URL: http://ceswp.uaic.ro/articles/CESWP2017_IX3_ION.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Leszek Balcerowicz, 1994. "Economic Transition in Central and Eastern Europe: Comparisons and Lessons," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 27(1), pages 47-59.
    2. Robert Buckleyand & Sasha Tsenkova, 2001. "Housing Market Systems In Reforming Socialist Economies: Comparative Indicators Of Performance And Policy," International Journal of Housing Policy, Taylor & Francis Journals, vol. 1(2), pages 257-289.
    3. repec:onb:oenbwp:y:2012:i:1:b:1 is not listed on IDEAS
    4. Alessio Ciarlone, 2015. "House price cycles in emerging economies," Studies in Economics and Finance, Emerald Group Publishing, vol. 32(1), pages 17-52, March.
    5. David Clapham, 1995. "Privatisation and the East European Housing Model," Urban Studies, Urban Studies Journal Limited, vol. 32(4-5), pages 679-694, May.
    6. Antje Hildebrandt & Reiner Martin & Katharina Steiner & Karin Wagner, 2012. "Residential Property Markets in CESEE EU Member States," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 1, pages 8-30.
    7. Hanna Augustyniak & Jacek Łaszek & Krzysztof Olszewski & Joanna Waszczuk, 2013. "To Rent or to Buy – Analysis of Housing Tenure Choice Determined by Housing Policy," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 33.
    8. Martin Lux & Petr Sunega, 2014. "Public Housing in the Post-Socialist States of Central and Eastern Europe: Decline and an Open Future," Housing Studies, Taylor & Francis Journals, vol. 29(4), pages 501-519, June.
    9. Roland, Gerard & Verdier, Thierry, 1994. "Privatization in Eastern Europe : Irreversibility and critical mass effects," Journal of Public Economics, Elsevier, vol. 54(2), pages 161-183, June.
    10. Robert M. Buckleyand, Sasha Tsenkova, 2001. "Housing Market Systems In Reforming Socialist Economies: Comparative Indicators Of Performance And Policy," European Journal of Housing Policy, Taylor and Francis Journals, vol. 1(2), pages 257-289, August.
    Full references (including those not matched with items on IDEAS)

    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:jes:wpaper:y:2017:v:9:i:3:p:377-400. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alupului Ciprian). General contact details of provider: http://edirc.repec.org/data/csjesro.html .

    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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.