BazEkon - The Main Library of the Cracow University of Economics

BazEkon home page

Main menu

Author
Laskowska Elwira (Warsaw University of Life Sciences - SGGW), Torgomyan Sevak (Eurasia International University - EIU, Armenia)
Title
The Role of Government in the Housing Market
Source
Zeszyty Naukowe SGGW w Warszawie. Problemy Rolnictwa Światowego, 2016, t. 16(31), z. 4, s. 205-212, tab., bibliogr. 13 poz.
Scientific Journal Warsaw University of Life Sciences SGGW - Problems of Word Agriculture
Keyword
Dotacje, Polityka rządu, Interwencjonizm, Rynek mieszkaniowy, Najem mieszkań, Opodatkowanie, Koszty transakcyjne
Subsidies, Government policy, Interventionism, Housing market, Flats rental, Taxation, Transaction cost
Note
streszcz., summ.
Abstract
Nowadays one of the most intensely debated subjects in economics is government intervention in real estate market. Proponents of the free market system assert that government intervention should be strongly limited still others assert there are well-grounded reasons for government intervention. In this article the most common methods and forms of government intervention in real estate market such as legislation, subsidies, taxation, zoning, rent control, minimum and maximum price policies, licensing of market participants, transaction costs and procedures, banking system, restrictions on the involvement of financial institutions in real estate market have been observed. In practice, each government uses these intervention methods with the choice of method depending on factors such as the political slant of the government, the levels of economic and institutional development, et cetera. Some countries even issue residence permit and citizenship foreigners who invest in the housing market. We find government intervention necessary, given the unique characteristics of real estate and the role that it plays in economic and social progress. (original abstract)
Full text
Show
Bibliography
Show
  1. Bloomberg, L.P. (2013). Munich Caps Rent Increases Becoming First City to Act on New Law. [Available at:] http://www.bloomberg.com/news/articles/2013-04-18/munich-caps-rent-increases-becoming-first-city-toact-on-new-law [Access: June 2016].
  2. Epley, R.D., Rabianski, J. (1986). Principles of real estate decisions, Prentice Hall, Englewood Cliffs, New Jersey.
  3. European Mortgage Federation (2015). Hypostat 2015: A review of Europe's mortgage and housing markets, Brussels.
  4. Eurostat (2016). Unemployment statistics, [Available at:] http://appsso.eurostat.ec.europa.eu/nui/show.do? dataset= une_rt_a&lang=en [Access: June 2016].
  5. Global Property Guide (2015). Opportunities in residential property investment in Europe. [Available at:] http://www.globalpropertyguide.com/Europe [Access: June 2016].
  6. Kitsakis, D., Dimopoulou, E. (2013). 3D Cadastres: Legal Approaches and Necessary Reforms, International Conference "SDI&SIM 2013" FIG-COM3, FIG-TH-PH & GEO-SEE Skopje,13-16 November 2013.
  7. Kucharska-Stasiak, E. (2006). Nieruchomość w gospodarce rynkowej (Real Estate in a Market Economy), PWN SA, Warsaw, p. 2.
  8. OECD (2015). International Migration Outlook 2015,OECD Publishing, Paris.
  9. Statista (2016). Average LTV ratio in the U.S. 2015, by state (fee-based) Statistic. [Available at:]http://www.statista.com/statistics/460677/average-ltv-in-the-usa-by-state/ [Access: June 2016].
  10. Tiesdell, S., Allmendinger, P. (2005). Planning Tools and Markets: Towards an Extended Conceptualisation, in Planning, Public Policy & Property Markets (eds. D. Adams, C. Watkins and M. White), Blackwell Publishing Ltd, Oxford, UK, 73.
  11. Trzebiński, A.A. (2015). Publiczne fundusze nieruchomości w Polsce (Public real estate funds in Poland), CeDeWu, Warsaw, 77-78.
  12. Ustawa o ochronie praw nabywcy lokalu mieszkalnego lub domu jednorodzinnego - Official Journal, 28 October 2011, No 232, item 1377.
  13. Zhang, L. (2015). China: Real Property Law, The Law Library of Congress, 3.
Cited by
Show
ISSN
2081-6960
Language
eng
Share on Facebook Share on Twitter Share on Google+ Share on Pinterest Share on LinkedIn Wyślij znajomemu