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Housing Problem in CEE Countries: Similarities and Differences

In: Eurasian Economic Perspectives

Author

Listed:
  • Liudmila A. Guzikova

    (Peter the Great St. Petersburg Polytechnic University)

  • Ekaterina V. Plotnikova

    (Peter the Great St. Petersburg Polytechnic University)

Abstract

Housing is a key condition and a factor of human life because it satisfies the wide range of basic human needs. But the housing problem is one of the most pressing problems in the contemporary society. The scale of the problem is large and the forms of its manifestation differ, depending on natural-climatic and socio-economic environment of the country. Methods of the housing problem solving, the forms of central and local authorities’ participation, the extent and mechanisms of financial support depend on certain situation. The main factors are the level of economic development of the country; standard of living, availability and affordability of housing; state of the housing stock; mortgage lending development; terms of residential mortgage loans; state of housing construction sphere; features of the legislation regulating the housing sector. Though some features of contemporary housing problem in CEE countries have common genesis the others are specific and formed in previous period as well as in transition. The objective of the current paper is to compare of the main features characterizing the housing problem and the ways of its solving in CEE countries. Research methodology includes analysis of theoretical and applied scientific publications on financial-economic aspects of the housing problem and analysis of official statistics by comparisons and identifying structural and tempo proportions. The data of Eurostat are used. The study considers the theoretical positions related to the economic and financial aspects of the housing problem, implements the analysis of the current situation and trends of the housing problem in CEE countries. The explanation of some differences is suggested and recommendations for practical application of theoretical positions are made.

Suggested Citation

  • Liudmila A. Guzikova & Ekaterina V. Plotnikova, 2018. "Housing Problem in CEE Countries: Similarities and Differences," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir & Ugur Can (ed.), Eurasian Economic Perspectives, pages 193-205, Springer.
    • Handle: RePEc:spr:eurchp:978-3-319-67916-7_12
    DOI: 10.1007/978-3-319-67916-7_12
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