PRIVATIZED HOUSING AND THE DEVELOPMENT OF CONDOMINIUMS IN CENTRAL AND EASTERN EUROPE: THE CASES OF POLAND, HUNGARY, SLOVAKIA, AND ROMANIA

Christopher Banks, Sheila O'Leary and Carol Rabenhorst

Review of Urban & Regional Development Studies, 1996, vol. 8, issue 2, 137-155

Abstract: This paper looks at the housing sector reform in Central and Eastern Europe and examines the progress to date in housing privatization and policies aimed at improving the management and condition of the existing housing stock through the establishment and operation of the condominium form of ownership. The paper compares and analyzes approaches taken in four countries with regard to four issues: (I) the legal framework and implementation strategies; (2) the role of local government housing strategies in supporting the development of viable condominium associations; (3) property management of privatized housing; and (4) financing rehabilitation and capital repair projects for condominiums. Findings include the need for a clear legal framework, competition in the property management market, more supportive local government policies, and public sector support in tackling rehabilitation finance issues.

Date: 1996
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