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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2025

Kód důvěrnosti údajů

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

Název periodika

Buildings

ISSN

2075-5309

e-ISSN

2075-5309

Svazek periodika

15

Číslo periodika v rámci svazku

10

Stát vydavatele periodika

CH - Švýcarská konfederace

Počet stran výsledku

29

Strana od-do

1729

Kód UT WoS článku

001496589400001

EID výsledku v databázi Scopus

2-s2.0-105006671085