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A lakhatás megfizethetősége: lakbérek és albérletpiac
[Affordability of housing: rentals and apartment market]

Author

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  • Vértesy, László

Abstract

The affordable and adequate housing in a safe environment is a basic necessity and a fundamental right. There are two major disadvantages of renting a home in Hungary today: uncertainty and high price. However, many international examples show that renting a home is often more popular and cheaper than buying a private home: while only 9% of the population rent a flat in Hungary, almost half of the population in Germany, and more than 40% in Austria and over 30 % in the Netherlands live in a rental apartment. Even the significant differences between the rental fees do not diminish the migration of the Central and Eastern European labour force, since an average of € 1,200 in London and € 1,500 in Berlin remain at the foreign employees for living after the payment of it, while at home it is only € 500. Housing affordability is a problem in all the European Union countries. It is worth noting that the tighter state oversight of the apartment market is commonplace in Western and Northern Europe.

Suggested Citation

  • Vértesy, László, 2018. "A lakhatás megfizethetősége: lakbérek és albérletpiac [Affordability of housing: rentals and apartment market]," MPRA Paper 90292, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:90292
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    File URL: https://mpra.ub.uni-muenchen.de/90292/1/MPRA_paper_90292.pdf
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    More about this item

    Keywords

    housing; rentals; housing market; rental fee; livelihood; standard of living;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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