Housing Finance Markets in Transition Economies

Trends and Challenges

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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.



Housing Finance in Slovak Republic

The Gross Domestic Product development continued to gradually accelerate with the Slovak economy’s efficiency, albeit with minimal modifications on its supply side. The basic branch structure of the Gross Domestic Product formation has not substantially changed in comparison with the previous year, although a long-term development tendency of market services strengthening at the expense of industry has remained on the same level. On the side of use the acceleration of economic growth was a result of an increased domestic demand.


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