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Privatized Housing And The Development Of Condominiums In Central And Eastern Europe: The Cases Of Poland, Hungary, Slovakia, And Romania

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  • Christopher Banks
  • Sheila O'Leary
  • Carol Rabenhorst

Abstract

This paper looks at the housing sector reform in Central and Eastern Europe and examines the progress to date in housing privatization and policies aimed at improving the management and condition of the existing housing stock through the establishment and operation of the condominium form of ownership. The paper compares and analyzes approaches taken in four countries with regard to four issues: (I) the legal framework and implementation strategies; (2) the role of local government housing strategies in supporting the development of viable condominium associations; (3) property management of privatized housing; and (4) financing rehabilitation and capital repair projects for condominiums. Findings include the need for a clear legal framework, competition in the property management market, more supportive local government policies, and public sector support in tackling rehabilitation finance issues.

Suggested Citation

  • Christopher Banks & Sheila O'Leary & Carol Rabenhorst, 1996. "Privatized Housing And The Development Of Condominiums In Central And Eastern Europe: The Cases Of Poland, Hungary, Slovakia, And Romania," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 8(2), pages 137-155, July.
    • Handle: RePEc:bla:revurb:v:8:y:1996:i:2:p:137-155
    DOI: 10.1111/j.1467-940X.1996.tb00114.x
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    Cited by:

    1. Hazel Easthope & Bill Randolph, 2016. "Principal–agent problems in multi-unit developments: The impact of developer actions on the on-going management of strata titled properties," Environment and Planning A, , vol. 48(9), pages 1829-1847, September.

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