The objective of the project is to make a comprehensive, theoretically framed, and empirically grounded, context-based description of the transformation of housing conditions in the CR after 1990, including both the identification of the main causes of this development and an analysis of its effects on social inequalities and market risks. In the area of inequalities the project focuses on housing affordability, the residential property distribution, access to housing, and extreme forms of inequalities (social exclusion). In the area of market risks the project focuses on risks arising from the growth in the level of homeownership, the mortgage market development, and the "manipulation" of housing demand. The goal is also to evaluate current tools of state housing and monetary policy, whether they effectively limit the growth of social inequalities that are a threat to sustainable economic development and social cohesion, whether they limit the growth of market system risks, and to make general recommendations for changes in this fields.
The project is supported by the Grant agency of the Czech Republic, the head of the project is Ing. Mgr. Martin Lux, Ph.D. The project started in 2009 and ends in 2011. Read more...
Project publications (total 39, displaying 1 - 10)
Key research question of the chapter is whether and to what extent were social inequalities in housing affordability increasing or decreasing among different social groups of households in the period 1991-2009. Authors used innovative methodological approaches to answer the key research question.
The goal of the chapter is to answer the question, whether the flat prices increased in 2007 above the long-term equilibrium price level based on basic macro-economic development and the price bubble in the Czech Republic arose. The existence of the price bubble would indicate presence of systemic risk on the Czech housing market.
Monografie Standardy bydlení 2010/2011 je již pátou v řadě monografií se stejným názvem, ale různým vročením, vydaných Sociologickým ústavem AV ČR, v.v.i.; předcházející monografie byly vydány v letech 2003, 2004, 2005 a 2008.
The authors of the chapter focus on following research questions: (1) What factors explain different impacts of global economic crisis on mortgage markets and housing markets in post-socialist countries? And more specifically: (2) Could differences in institutional arrangements in housing systems and housing policies explain different impacts of economic crisis on housing markets in post-socialist countries?
Chapter focuses on three research questions: (1) How strong is the relationship between the key aspect of social stratification – socio-economic status of the household head – and housing inequalities in the Czech Republic? (2) If such relationship exists, how it has been evolving during past two decades? (3) What dimension(s) of housing inequalities, if such exists, is most significantly linked to social stratification?
The article attempts to answer the question about the future of housing system in the Czech Republic. Using the results from several attitude surveys and unique experiment, the authors tried to find out whether there is any chance of deviating from the path leading towards a housing system unilaterally based on homeownership tenure. The empirical results, however, show that people’s tenure preferences remain strongly skewed in favour of owner-occupation.
The goal of the article is to evaluate the effectiveness of the new housing policy in the Czech Republic as an example of a transitional society after the collapse of communism. The first part provides a brief history of the housing policy dating back to 1918. The second part presents the results of empirical tests of effectiveness (or equity) of selected housing subsidies applied during the transition.
The chapter describes and evaluates the history and recent state-of-art of social housing in the Czech Republic.
The chapter aims to answer following research questions: (1) Whether among homeowners repaying mortgage loans significantly increased after 2005 (i.e. in the period of house price boom) share of low-income households. (2) Whether in the same time increased share of risky mortgage products (i.e. mortgage loans with LTV equal or higher than 100%, "interest-only" mortgages, mortgages denominated in foreign currencies etc.) in portfolios of the Czech mortgage providers.
The impacts of economic crisis on the Czech housing market were, at least till now, relatively moderate. In comparison to other developed countries (e.g. Ireland, Spain, Greece, USA, Denmark, Hungary, Estonia, Latvia or Bulgaria) was the decrease in residential property prices only gradual and the default rate is lagging behind the average of the developed countries.
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