Research Catalog

Title

Bridging the Housing Gap in Poland [electronic resource] / Rafal Kierzenkowski

Author

Kierzenkowski, Rafal.

Publication

Paris : OECD Publishing, 2008.

Details

Description

32 p.; 21 x 29.7cm.

Summary

Despite a high level of homeownership, the housing market in Poland is suffering from an important shortage. The difference between the number households and available dwellings, the number of dwellings per thousand inhabitants, and the availability of basic amenities (especially in rural areas) all indicate that significant improvements are needed to catch up to the most affluent OECD and EU countries. The formal rental segment of the market is also underdeveloped, contributing to low labour mobility and persistent disparities in regional unemployment. Given the social, economic and political dimensions of the problem, various housing policies implemented since the beginning of the transition process have aimed to fill the housing gap, though they have been either narrow in scope or have led to unclear results. However, the housing market has been buoyant in recent years, spurred by rising levels of GDP per capita, lower interest rates and the emergence of a competitive mortgage market. Yet a brisk price appreciation has also occurred at the same time, while households' exposure to interest- and exchange-rate risks has significantly increased and banks' funding capabilities have shrunk. Although the market has not been directly affected by the recent global financial turmoil, recent information shows that a turn-around is underway, with prices declining in several major cities as sentiment has plunged. This raises concerns about the capacity of the market to achieve a smooth adjustment in the face of a possible downturn.

Series Statement

OECD Economics Department Working Papers, 1815-1973 ; no.639

Uniform Title

OECD Economics Department Working Papers, no.639.

Subject

• Economics
• Poland

LCCN

10.1787/236314440147

OCLC

oecd-lib-003480

Author

Kierzenkowski, Rafal.

Title

Bridging the Housing Gap in Poland [electronic resource] / Rafal Kierzenkowski

Imprint

Paris : OECD Publishing, 2008.

Series

OECD Economics Department Working Papers, 1815-1973 ; no.639

OECD Economics Department Working Papers, 1815-1973 ; no.639.

Connect to:

http://dx.doi.org/10.1787/236314440147

Indexed Term

Economics

Poland

Other Standard Identifier

10.1787/236314440147 doi