Spatial dimension, financialization and economic-cycles of housing market in Central Europe
The unique characteristics of the real estate market: durability, heterogeneity, high transaction costs, long time delays, both an investment good and a consumption good, immobility.
In the socialist era, the housing policy strove to maximize the number of newly built housing units. After transition, the institutional structure of post-socialist economic policies is inadequate from social justice point of view and therefore, unable to alleviate housing poverty. The lack of strategic planning that would prioritize poverty-reduction and equity is characteristic of post-socialist housing policies. A fast privatization of the housing stock resulted the majority of housing stock is occupied by the owner, the rental sector constitutes a mere private and public rental. This ownership structure reinforces social inequalities and prevents the alleviation of housing poverty. The mortgage support for new constructions and urban rehabilitation it mainly supports the middle classes.
The quality of the housing stock (energy costs, regional disparity regarding type of housing unit, etc.) is not satisfactory. People living in apartment blocks will usually be a mixture of poor individuals, poor families, working-class and middle-class individuals/families.
The housing conditions of low-income groups with low levels of education are critical in almost every regard. The weak correlation between the various elements of the housing problem and region or type of settlement. The rental sector is in a critical situation. People living in isolated, segregated slum housing (Roma inhabitatnts, far from the main transportation system), typically unemployed, inhabiting housing in a bad state of repair.
|Introduction||Balázs Forman Corvinus University of Budapest||20||10:00 AM|
|Presenter||Danni Zhu*, , The impact of urban public spaces on land price in Xian||20||10:20 AM|
|Presenter||Enrique Pérez-Campuzano*, Instituto de Geografía, Laura Alejandra Garrido-Rodríguez, Universidad Autónoma Metropolitana-Azcapotzalco, Social Division of Space: Between Tertiarization and the Real Estate Market||20||10:40 AM|
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