Equilibrium Rent and Housing Policy Implications

Housing-policy research in European Union countries distinguishes between two kinds of rent control: non-targeted ""first-generation"" rent control and targeted ""second-generation"" rent control, the later which better reflects housing market relations. The article demonstrates the drastic consequences of first-generation rent control in the Czech Republic, using criteria of social effectiveness and economic efficiency. The authors present the results of an econometric simulation model on the determination of equilibrium market rents after rent deregulation. Due to a sharp decrease in housing affordability in the Czech Republic, the authors simulate the application of two housing-policy instruments: social housing and housing allowance. A cost-benefit analysis shows that rent deregulation and the application of effective policy instruments would substantially increase the income of landlords, decrease the level of currently biased market rents, and maintain the relative affordability of housing.housing policy; rent control; social housing; housing allowance

Efektivnost vybraných nástrojů bytové politiky v České republice

The article begins by citing selected examples of state intervention in the area of housing in the Czech Republic, which dates back to the founding of the First Czechoslovak Republic in 1918, & a brief description is provided of the most important milestones in the evolution of housing policy since 1989. The second part of the article is devoted to empirically testing the effectiveness of selected housing subsidies applied in the Czech Republic at the end of the 1990s. Housing affordability declined after 1989 & required the introduction of new social & housing policy tools. However, the goals of the new housing assistance programmes have often been laid out in very general terms, which, combined with the lack of data on the recipients, has complicated the execution of any kind of effective analysis. For this reason the selection of programmes submitted to the empirical analysis of effectiveness was limited to the following: housing allowance, rent regulation, & the tax deduction of interest from mortgages & housing saving scheme loans. The analyses showed that only the housing allowance met the selected effectiveness criteria

Vybrané faktory stojící za vysokými cenami bytů v Praze

This article deals first with the relative affordability of owner-occupied housing in Prague compared to the situation in the Czech Republic in general. The relative position of Prague in this region is then assessed in a cross-national comparison and determined to be specific. The article’s main objective is to uncover the main demand factors behind the high prices and the low affordability of owner-occupied housing in Prague. The authors focus on factors that derive from the specifi c economic position of Prague and the specific culturally-rooted preferences of Czech citizens for owner-occupied housing. Findings from numerous sociological studies and experiments have proved both of these factors to be very important, and their future development will thus largely be influenced by the affordability of housing in Prague

Post-socialist housing systems in Europe:Housing welfare regimes by default?

This article develops a conceptual framework derived from welfare regime and concomitant literatures to interpret housing reform in post-socialist European countries. In it, settled power structures and collective ideologies are necessary prerequisites for the creation of distinctive housing welfare regimes with clear roles for the state, market and households. Although the defining feature of post-socialist housing has been mass-privatisation to create super-homeownership societies, the emphatic retreat of the state that this represents has not been replaced by the creation of the institutions or cultures required to create fully financialised housing markets. There is, instead, a form of state legacy welfare in the form of debt-free home-ownership, which creates a gap in housing welfare that has been partially filled by households in the form of intergenerational assistance (familialism) and self-build housing. Both of these mark continuities with the previous regime. The latter is especially common in south-east Europe where its frequent illegality represents a form of anti-state housing. The lack of settled ideologies and power structures suggests that these housing welfare regimes by default will persist as part of a process that resembles a path-dependent ‘transformation’ rather than ‘transition’

Data sources for comparison of purchase prices and appraisal values of residential properties

The content of the study is a description and definition of data on residential properties (including appraisal prices) collected by one of the main mortgage lenders in the Czech Republic, Česká spořitelna, a.s., and a description and definition of data on residential properies (including purchase prices) collected and recorded by the State Administration of Land Surveying and Cadastre. The aim of the study is to highlight the problems associated with data collection and analysis, for example, to point out the possibilities of linking them with other (external) data or problems with their filtering and cleaning

What part of the housing stock could be considered for social rented housing?

The paper is focused on general definition of social housing in European countries, on general assessment of advantages and disadvantages of social housing and the question whether some part(s) of the housing stock in the Czech Republic could be considered for social housing. Some questions related to introduction of social housing in the Czech Republic are also discussed

Efektivnost vybraných nástrojů bytové politiky v České republice

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Housing policy reform in the CR: proposal and results of simulations

The policy paper contains the proposal for structural changes of several housing policy measures in the Czech Republic. The goal of the reform is to increase policy effectiveness, efficiency, tenure neutrality and anticyclicity. The second section of paper describes the results of large-scale simulations of the reform and its impact on public expenditures and income distribution

Housing Research in the Czech Republic – Economic and Social Aspects of Social Dialogue in the Czech Republic

The first part of the paper introduces the Department of Economic Sociology, and the second part presents an example of the research team’s outcome, published in the study “Housing Standards 2002/03: Financial Affordability and Attitudes towards Housing”. The third, empirical part of the paper describes the distribution of three selected housing subsidies among households of different income levels as a sample evaluation of the effectiveness of these subsidies