The article “The effect of GFC on tenure choice in a post-socialist country – the case of Hungary”, co-authored by József Hegedüs (Metropolitan Research Institute), Adrienne Csizmady (Hungarian Academy of Sience) and Gyula Nagy (FHB Bank) was published in Issue 2, 2017 of International Journal of Housing Policy. The paper takes a look at the effect of the Great Financial Crisis (GFC) on housing tenure choice in a post-socialist setting, based on the case of Hungary. Central and Eastern European transition countries had a very predominant owner occupied sector prior to the GFC, where owner occupied dwellings typically amounted to 85-95 percent of the housing stocks. The paper sets out to assess if stakeholders in the housing sector (households, government, banks, etc.) will learn from these experiences, and start showing a stronger preference and support for renting, which could result in a more balanced tenure structure and more stable housing system.
The full article is accessible on Taylor & Francis’s website.