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To rent or to buy – analysis of housing tenure choice determined by housing policy

Hanna Augustyniak, Joanna Waszczuk, Krzysztof Olszewski () and Jacek Łaszek
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Hanna Augustyniak: Economic Institute, Narodowy Bank Polski,

No 164, NBP Working Papers from Narodowy Bank Polski, Economic Research Department

Abstract: 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 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. The way in which the development of the rental market can affect the situation in the property market is presented on the basis of a simple model.

Keywords: housing demand; home ownership; housing policy; financial regulations (search for similar items in EconPapers)
JEL-codes: R21 R38 O18 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ure
Date: 2013
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