IDEAS home Printed from https://ideas.repec.org/a/tou/journl/v39y2014p167-182.html
   My bibliography  Save this article

The Greek System Of Home Ownership And The Post-2008 Crisis In Athens

Author

Listed:
  • Dimitris EMMANUEL

    (National Centre for Social Research)

Abstract

In order to examine the impact of the economic crisis on the home ownership pattern, we first review the basic structural features of the Greek housing system. This necessarily involves a discussion of the distinctive home ownership regimes found in Southern European countries as well as the place of the Greek case in this comparative framework. The main relevant distinctive characteristics of southern countries are high outright ownership rates, limited bank financing and strong "familism". After reviewing these aspects of the Greek "established" housing regime with data for Athens, the paper examines the major changes that took place during both the monetary revolution in housing finance from the late 1990s to 2007 and then during the current crisis, troika control and memorandum policies for strict austerity and "modernization" of the labor market. We conclude that these changes foreshadow a shift to a sharply modified "southern" housing regime rather than simply a prolonged economic shock.

Suggested Citation

  • Dimitris EMMANUEL, 2014. "The Greek System Of Home Ownership And The Post-2008 Crisis In Athens," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 39, pages 167-182.
    • Handle: RePEc:tou:journl:v:39:y:2014:p:167-182
    as

    Download full text from publisher

    File URL: https://regionetdeveloppement.univ-tln.fr/wp-content/uploads/8-Emmanuel.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ron Lesthaeghe, 2010. "The Unfolding Story of the Second Demographic Transition," Population and Development Review, The Population Council, Inc., vol. 36(2), pages 211-251, June.
    2. repec:aia:ginidp:dp42 is not listed on IDEAS
    3. Dan Andrews & Aida Caldera Sánchez, 2011. "The Evolution of Homeownership Rates in Selected OECD Countries: Demographic and Public Policy Influences," OECD Journal: Economic Studies, OECD Publishing, vol. 2011(1), pages 1-37.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Katsinas, Philipp, 2021. "Professionalisation of short-term rentals and emergent tourism gentrification in post-crisis Thessaloniki," LSE Research Online Documents on Economics 108590, London School of Economics and Political Science, LSE Library.
    2. Thomas Maloutas & Dimitra Siatitsa & Dimitris Balampanidis, 2020. "Access to Housing and Social Inclusion in a Post-Crisis Era: Contextualizing Recent Trends in the City of Athens," Social Inclusion, Cogitatio Press, vol. 8(3), pages 5-15.
    3. Vassilis Arapoglou & Nikos Karadimitriou & Thomas Maloutas & John Sayas, 2021. "Multiple Deprivation in Athens: a legacy of persisting and deepening spatial divisions," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 157, Hellenic Observatory, LSE.
    4. Arapoglou, Vassilis & Karadimitriou, Nikos & Maloutas, Thomas & Sayas, John, 2021. "Multiple deprivation in Athens: a legacy of persisting and deepening spatial divisions," LSE Research Online Documents on Economics 108940, London School of Economics and Political Science, LSE Library.
    5. Philipp Katsinas, 2021. "Professionalisation of short-term rentals and emergent tourism gentrification in post-crisis Thessaloniki," Environment and Planning A, , vol. 53(7), pages 1652-1670, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Thomas Y. Mathä & Alessandro Porpiglia & Michael Ziegelmeyer, 2014. "Wealth differences across borders and the effect of real estate price dynamics: Evidence from two household surveys," BCL working papers 90, Central Bank of Luxembourg.
    2. Jacob Funk Kirkegaard, 2014. "What Should Surplus Germany Do?," Policy Briefs PB14-14, Peterson Institute for International Economics.
    3. Marcel Raab & Emanuela Struffolino, 2020. "The Heterogeneity of Partnership Trajectories to Childlessness in Germany," European Journal of Population, Springer;European Association for Population Studies, vol. 36(1), pages 53-70, March.
    4. James Raymo & Marcia Carlson & Alicia VanOrman & Sojung Lim & Brienna Perelli-Harris & Miho Iwasawa, 2015. "Educational differences in early childbearing," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 33(3), pages 65-92.
    5. Sigle, Wendy, 2021. "Demography’s theory and approach: (how) has the view from the margins changed?," LSE Research Online Documents on Economics 112467, London School of Economics and Political Science, LSE Library.
    6. Chiara Ludovica Comolli, 2017. "The fertility response to the Great Recession in Europe and the United States: Structural economic conditions and perceived economic uncertainty," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 36(51), pages 1549-1600.
    7. Steven Ruggles, 2015. "Patriarchy, Power, and Pay: The Transformation of American Families, 1800–2015," Demography, Springer;Population Association of America (PAA), vol. 52(6), pages 1797-1823, December.
    8. Guillaume Claveres & Thomas Y. Mathä & Giuseppe Pulina & Jan Stráský & Nicolas Woloszko & Michael Ziegelmeyer, 2020. "Housing and inequality: The case of Luxembourg and its cross-border workers," BCL working papers 144, Central Bank of Luxembourg.
    9. Julie Beugnot & Olivier Charlot & Guy Lacroix, 2019. "Does promoting homeownership always damage labour market performances?," Journal of Economics, Springer, vol. 127(2), pages 161-183, July.
    10. Daniela Smiraglia & Luca Salvati & Gianluca Egidi & Rosanna Salvia & Antonio Giménez-Morera & Rares Halbac-Cotoara-Zamfir, 2021. "Toward a New Urban Cycle? A Closer Look to Sprawl, Demographic Transitions and the Environment in Europe," Land, MDPI, vol. 10(2), pages 1-14, January.
    11. Fox, Jonathan & Klüsener, Sebastian & Myrskylä, Mikko, 2018. "Is a positive relationship between fertility and economic development emerging at the sub-national regional level? Theoretical considerations and evidence from Europe," LSE Research Online Documents on Economics 88295, London School of Economics and Political Science, LSE Library.
    12. Michael Warlters, 2023. "Stamp Duty Reform and Home Ownership," The Economic Record, The Economic Society of Australia, vol. 99(327), pages 492-511, December.
    13. Cisotto, Elisa & Meli, Eleonora & Cavrini, Giulia, 2021. "Grandparents in Italy: trends and changes in the demography of grandparenthood from 1998 to 2016," SocArXiv 4nh5e, Center for Open Science.
    14. Barbara S. Okun, 2013. "Fertility and marriage behavior in Israel," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 28(17), pages 457-504.
    15. Kenneth Aarskaug Wiik, 2019. "First union formation among the children of immigrants in Norway. Timing and choice of union type," Discussion Papers 917, Statistics Norway, Research Department.
    16. Thierry Kamionka & Guy Lacroix, 2018. "Homeownership, Labour Market Transitions and Earnings," CIRANO Working Papers 2018s-35, CIRANO.
    17. Josep Maria Raya Vilchez & Aleksander Kucel, 2023. "How fiscal policy affects housing market dynamics: Evidence from Spain," Bulletin of Economic Research, Wiley Blackwell, vol. 75(2), pages 323-347, April.
    18. repec:hal:spmain:info:hdl:2441/30nstiku669glbr66l6n7mc2oq is not listed on IDEAS
    19. David McClendon & Conrad Hackett, 2014. "When people shed religious identity in Ireland and Austria: Evidence from censuses," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 31(43), pages 1297-1310.
    20. Eva Beaujouan, 2020. "Latest‐Late Fertility? Decline and Resurgence of Late Parenthood Across the Low‐Fertility Countries," Population and Development Review, The Population Council, Inc., vol. 46(2), pages 219-247, June.
    21. O. Kuchmaeva V. & О. Кучмаева В., 2019. "Идеальная модель семьи в глазах россиян и стратегия по повышению ценности семейного образа жизни // The Ideal Family Model in the Eyes of Russians and a Strategy of Enhancing the Value of the Family L," Экономика. Налоги. Право // Economics, taxes & law, ФГОБУ "Финансовый университет при Правительстве Российской Федерации" // Financial University under The Government of Russian Federation, vol. 12(2), pages 70-82.

    More about this item

    Keywords

    HOUSING; HOME OWNERSHIP; GREECE; SOUTH EUROPE;
    All these keywords.

    JEL classification:

    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R28 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Government Policy
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tou:journl:v:39:y:2014:p:167-182. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christophe Van Huffel (email available below). General contact details of provider: https://edirc.repec.org/data/letlnfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.