Housing Market Trends and Affordability in Central Europe: Insights from the Czech Republic, Slovakia, Austria, and Poland

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F25%3A43927118" target="_blank" >RIV/62156489:43110/25:43927118 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.3390/buildings15101729" target="_blank" >https://doi.org/10.3390/buildings15101729</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.3390/buildings15101729" target="_blank" >10.3390/buildings15101729</a>

Result language

angličtina

Original language name

Housing Market Trends and Affordability in Central Europe: Insights from the Czech Republic, Slovakia, Austria, and Poland

Original language description

This study examines housing affordability trends in Central Europe, focusing on the Czech Republic, Slovakia, Austria, and Poland, in the wake of recent global disruptions including the COVID-19 pandemic, the 2021-2022 energy crisis, and the war in Ukraine. These events have intensified housing affordability challenges by driving up property prices, rental costs, and energy expenses. Using data from December 2022 to March 2023, the paper analyzes wage levels relative to housing costs in major cities-Prague, Brno, Bratislava, Vienna, Graz, Warsaw, and Kraków-through price-to-income and rent-to-income ratios. The findings reveal that affordability is most strained in Czech cities, particularly Prague, where property prices outpace wages, while Vienna demonstrates better affordability due to higher average incomes. The study integrates real estate platform data with official statistics and employs spatial mapping and exploratory econometric testing to identify affordability patterns and disparities. It concludes that affordability outcomes are shaped by wage dynamics, housing supply constraints, migration pressures, and policy responses. The study underscores the importance of targeted housing policies and wage interventions to address these challenges and highlights the need for cross-country policy learning and regional coordination to improve housing affordability and market resilience across Central Europe.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50204 - Business and management

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2025

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Buildings

ISSN

2075-5309

e-ISSN

2075-5309

Volume of the periodical

15

Issue of the periodical within the volume

10

Country of publishing house

CH - SWITZERLAND

Number of pages

29

Pages from-to

1729

UT code for WoS article

001496589400001

EID of the result in the Scopus database

2-s2.0-105006671085