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Housing Market Systems In Reforming Socialist Economies: Comparative Indicators Of Performance And Policy

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  • Robert M. Buckleyand
  • Sasha Tsenkova

Abstract

This comparative research explores the dynamics of housing market systems in thirteen reforming socialist economies. Specifically the study has the following objectives: (i) to undertake comparative analysis of policy reforms and performances of the housing sector; (ii) to develop a set of indicators of performance and policy that provide a robust basis for the assessment of strengths and weaknesses of policy environments; and (iii) to provide recommendations about the strategy and sequencing of policy reforms. The model used in the study defines three distinct policy arenas, each governing policy outcomes, instruments and types of intervention. Given the diversity of policy responses across the region, it focuses on the analysis of policy outcomes and the way they define market performance. A set of policy and performance indicators is developed and applied to assess the strengths and weaknesses of housing market performance in a comparative perspective. The evaluation suggests that a much stronger commitment to comprehensive reforms in the major policy areas leads to better market performance. Furthermore, despite their differences and dependency on socialist legacy, the countries' experience suggests links between specific types of reforms and performance. It is argued that there is a 'reform path' that countries have to follow to successfully improve their housing market systems.

Suggested Citation

  • 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.
    • Handle: RePEc:taf:eurjhp:v:1:y:2001:i:2:p:257-289
    DOI: 10.1080/14616710110083669
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    References listed on IDEAS

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    1. Robert M. Buckley, 1996. "Housing Finance in Developing Countries," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-37660-1.
    2. JoAzsef Hegedüs & Iván Tosics & Stephen K. Mayo, 1996. "Transition Of The Housing Sector In The East Central European Countries," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 8(2), pages 101-136, July.
    3. Robert M. Buckley & Eugene N. Gurenko, 1998. "Housing demand in Russia: Rationing and reform1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 6(1), pages 197-209, May.
    4. Bertaud, Alain & Renaud, Bertrand, 1997. "Socialist Cities without Land Markets," Journal of Urban Economics, Elsevier, vol. 41(1), pages 137-151, January.
    5. Renaud, Bertrand M., 1996. "Housing finance in transition economies : the early years in Eastern Europe and the former Soviet Union," Policy Research Working Paper Series 1565, The World Bank.
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    Cited by:

    1. Luciana Kabello Koprencka, 2014. "Factorial Analysis of Albanian Housing Market," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 10(4), pages 127-144, August.
    2. Sasha Tsenkova & Bengt Turner, 2004. "The Future Of Social Housing In Eastern Europe: Reforms In Latvia And Ukraine," European Journal of Housing Policy, Taylor and Francis Journals, vol. 4(2), pages 133-149.
    3. Mark Stephens, 2010. "Locating Chinese Urban Housing Policy in an International Context," Urban Studies, Urban Studies Journal Limited, vol. 47(14), pages 2965-2982, December.
    4. Urmi Sengupta & Allan G. Tipple, 2007. "The Performance of Public-sector Housing in Kolkata, India, in the Post-reform Milieu," Urban Studies, Urban Studies Journal Limited, vol. 44(10), pages 2009-2027, September.
    5. 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.
    6. Christian L. Redfearn, 2005. "The Cost of Imposing Monocentricity: Uncovering the Dynamics of Emerging Centrality in Post-Socialist Krakow's Land Markets," Working Paper 8586, USC Lusk Center for Real Estate.

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