"Convergence processes in the European housing markets"

Spis treści

Introduction 9

Part 1. Development processes of housing markets 15

1.1. The housing system 17

Chapter 1. The housing market as part of the housing system – theoretical foundations 17

1.2. The housing market and its determinants 19

1.3. The social and economic dimension of the housing market 24

2.1. Housing policy models 43

Chapter 2. The evolution of European housing systems in the post-war period 43

2.2. Housing policy instruments 51

2.3. Socio-economic conditions for the development of housing markets from the 1950s to the 1980s 55

2.3.1. Post-war demographic determinants 56

2.3.2. Size and ownership structure of the housing stock 58

2.4. Socio-economic conditions for the development of housing markets from the 1980s to 2017 62

2.4.1. Demographic determinants 62

2.4.2. Size and ownership structure of the housing stock 64

3.1. The evolution of housing markets in selected EU countries from the 1950s to the 1980s 69

Chapter 3. The evolution of housing markets in selected EU countries 69

3.2. The evolution of housing markets in selected EU countries from the 1980s to 2017 75

3.2.1. Distinctiveness of post-socialist states 75

3.2.2. The evolution of housing markets in other countries 90

Part 2. Convergence of housing markets in European Union countries 109

4.1. The concept and types of convergence 111

4.1.1. Definitions of convergence and its essence 111

Chapter 4. The essence of economic convergence and methods of its verification 111

4.1.2. Real convergence in economic theories 113

4.1.3. Types of convergence 115

4.2. Methods of verification of the convergence hypothesis 117

4.2.1. Beta-convergence 117

4.2.2. Sigma-convergence 123

4.2.3. Relative convergence 126

4.2.4. Gamma-convergence 128

5.1. Convergence processes in housing markets – a literature review 131

Chapter 5. Testing for convergence across housing markets 131

5.2. Convergence processes in housing markets – empirical verification 135

5.2.1. The aim and scope of research 135

5.2.2. Research methodology 136

5.2.3. Price convergence of housing markets 139

5.2.3.1. International dimension 139

5.2.3.2. Regional dimension 140

5.2.4. Non-price convergence of housing markets 143

5.2.4.1. International dimension 143

5.2.4.2. Regional dimension 151

5.2.5. Conclusions 167

Part 3. Assessment of housing convergence and its effects 169

6.1. The process of integration of European economies 171

Chapter 6. Convergence of European housing markets in the context of economic convergence of the EU Member States 171

6.2. Economic convergence of the EU Member States 173

6.2.1. The cohesion policy as a response to growing economic inequalities in the EU 173

6.2.2. Economic beta-convergence among the EU Member States 176

6.2.3. Relative convergence 178

6.2.4. Sigma-convergence 180

6.2.5. Conclusions 181

6.3. Convergence of housing markets against the background of economic convergence 182

7.1. Directions of changes in housing markets in the context of convergence processes 193

7.1.1. Changes in the housing policy and the current housing situation in the EU Member States 193

Chapter 7. An attempt to assess housing convergence and its effects 193

7.1.2. Convergence processes in post-socialist states 198

7.1.3. Directions of changes at the regional level 201

7.2. Housing convergence and the problem of social inequalities 202

7.2.1. Directions of changes in the housing situation of households in various income groups in the years 2007 and 2017 202

7.2.2. Trends in housing costs in various income groups 207

7.2.3. Trends in housing overcrowding rate in various income groups 214

7.3. Conclusions 225

Summary 227

Literature 231

Appendix 245

List of tables 249

List of figures 251

List of graphs 253