To Rent or to Buy – Analysis of Housing Tenure Choice Determined by Housing Policy

• Authors: Hanna Augustyniak , Jacek Łaszek , Krzysztof Olszewski , Joanna Waszczuk
• Languages of publication: EN

Abstracts

EN

The article discusses the relatively large share of owner-occupied housing in the housing stock in selected European countries with relatively low per capita income and describes the underlying causes of this phenomenon. We also identify the economic implications of the growing number of owner-occupied housing and poorly developed rental market. The paper analyses home purchase or rental decisions and explains the correlations between housing availability, consumption and households’ savings, as well as housing policy and investigates this question empirically. The way in which the development of the rental market can improve the situation in the property market is presented on the basis of a simple model.

Keywords

EN

housing demand; home ownership; housing policy; financial; market development

• Publisher: Wydział Nauk Ekonomicznych Uniwersytetu Warszawskiego
• Journal: Ekonomia. Rynek, Gospodarka, Społeczeństwo
• Year: 2013
• Issue: 33
• Pages: 31-54

Contributors

author

Hanna Augustyniak

• Economic Institute, National Bank of Poland

author

Jacek Łaszek

• Warsaw School of Economics and Economic Institute, National Bank of Poland

author

Krzysztof Olszewski

• Economic Institute, National Bank of Poland

author

Joanna Waszczuk

• Economic Institute, National Bank of Poland