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Housing Finance Markets in Transition Economies

Trends and Challenges

image of Housing Finance Markets in Transition Economies

Housing finance markets in Central and Eastern European countries are typically small in scale and under-developed, though it is generally recognised that fostering housing finance markets contributes to economic development and brings social benefits to the public.  This book presents a comparative study on housing finance markets in the Central and Eastern European countries. It is based on an OECD market survey conducted in 2004 and on selected country data prepared for the OECD workshop on housing finance in transition economies held in December 2004.  It reports on the progress and challenges in housing finance markets in Croatia, the Czech Republic, Estonia, Hungary, Kazakhstan, Lithuania, Latvia, Poland, Romania, the Slovak Republic, Slovenia and Ukraine.

English

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Housing Finance in Hungary

The Hungarian policymakers are fully aware of the net gains that the single currency can bring to the Hungarian economy, and therefore support the adoption of the euro. At present, the government, based on the convergence program submitted in December 2004, considers 2010 as a feasible target date for euro adoption.

English

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