Published Online: Apr 04, 2015
Page range: 84 - 89
DOI: https://doi.org/10.1515/remav-2015-0008
© Michał Głuszak
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.
When compared to mature housing markets, little has been done to understand the nature of demand on emerging housing markets in Central and Eastern Europe and to develop testable models for post-socialist economies. With the exception of B
The major objectives of the study are:
estimation of housing demand at household level,
discussion of factors increasing the probability of becoming homeowner,
discussion of advantages and limitations of using classical qualitative response models to estimate housing demand.
The research is based on latest European Union Statistics on Income and Living Conditions (EUSILC) 2007-2010 dataset (panel of approx. 4,500 households).