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Interrelations between housing supply agents: the metropolitan housing market in Prague

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  • Martin Lux
  • Petr Sunega

Abstract

This article presents the main findings from a detailed analysis of the interrelations between selected agents on the supply side of the housing market in Prague. It discusses the sources of potential market inefficiencies emerging from the nature of interrelations between developers, construction firms and the producers of building materials in the transition economy. The research was conducted in 2007, during a period of growing demand for owner-occupied housing in Prague. The results highlight the barriers which prevent housing supply from reacting effectively to changes in housing demand. The findings may thus be a contribution to the more general discussion of the efficiency of housing markets.

Suggested Citation

  • Martin Lux & Petr Sunega, 2010. "Interrelations between housing supply agents: the metropolitan housing market in Prague," Post-Communist Economies, Taylor & Francis Journals, vol. 22(1), pages 99-117.
    • Handle: RePEc:taf:pocoec:v:22:y:2010:i:1:p:99-117
    DOI: 10.1080/14631370903525629
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    Cited by:

    1. Krzysztof Olszewski & Jacek Łaszek & Joanna Waszczuk, 2023. "An unequal reaction of housing starts to house prices in different regions of Poland," Bank i Kredyt, Narodowy Bank Polski, vol. 54(4), pages 437-458.
    2. Christophe André, 2016. "Household debt in OECD countries: stylised facts and policy issues," Chapters from NBP Conference Publications, in: Hanna Augustyniak & Jacek Łaszek & Krzysztof Olszewski & Joanna Waszczuk (ed.), Papers presented during the Narodowy Bank Polski Workshop: Recent trends in the real estate market and its analysis - 2015 edition, chapter 2, pages v1, 33-85, Narodowy Bank Polski.

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