Social consequences of housing privatisation in Hungary
Social consequences of housing privatisation in Hungary

Summary/Abstract: Within the process of transformation from a planned to a market economy, privatisation has been one of the most important issues. Much research has been done on the privatisation of state-owned enterprises, but less attention has been paid to the privatisation process of state-owned dwellings and the consequences this has had upon the future availability and affordability of housing in Hungary. This article will, after a brief review of housing during the socialist period, describe the post-socialist transformation process of the Hungarian housing sector which, in fact, was a mass privatisation project that has reproduced the former inequalities. After that, it will investigate how the transformation of housing affects today’s supply and affordability of housing in Hungary. Finally, the issue of housing construction will briefly be examined in order to draw conclusions for likely future developments.

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