Housing Finance Markets in Transition Economies
Trends and Challenges
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.
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Regulation and Housing Policy
Well-organised regulatory and supervisory frameworks are indispensable if countries are to gain the maximum benefits from housing finance markets. Due to the complexity of mortgage-related products, establishing accepted standards of regulations for the overall mortgage market is crucial for vitalising the housing finance markets in the region.
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