in Slovakia Marek Hojsík Roma Institute amp Slovak Academy of Sciences Transformations after 1989 Decrease in housing production Privatization of public housing Ownership housing Housing production ID: 618989
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Slide1
Private Rental Sectorin Slovakia
Marek Hojsík
Roma Institute &
Slovak Academy of SciencesSlide2
Transformations after 1989
Decrease in housing production
Privatization of public housing
Ownership housingSlide3
Housing productionSlide4
Completed dwellings 2001-2012
179 843 new dwellings
152 336 private
27 190 public (15%)Slide5
Tenure structureSlide6
Reduction of public housing stockSlide7
Households (EU SILC 2011)Slide8
Private housing ownership
Highly individualized and fragmented
s
ingle dwelling: own housing
c
ultural norm
f
amily strategy
1 to 4
dwellings
Second housing
h
eritage
r
estitution
h
ousing for children
i
nvestmentSlide9
Private rental housing
2011
:
2,5-4
%
50 000 to 70 000 dwellings
80% in Bratislava region
i
ncludes restitutions
5 000 to 7 000 dwellings (0,4%)
regulated rent until 2017
households in “housing need”Slide10
Tenants
restitutions
work migration
poor households
lifecycle (social) renters
certain life periods
strategy to acquire ownership housing
rent versus mortgageSlide11
Support of supply: grants
Ministry of Transport, Construction & Regional Development
Rental housing
h
ousing
for households in “housing need” (restitutions) – 100%
s
ocial
housing – 30 to 75%
MunicipalitiesSlide12
Support of supply: soft loans
State
Housing Development
Fund
ERDF (JESICA)
Rental (social) housing
– 80
%
up
to 60 000
EUR/flat
Municipality or
any legal
person
(2014)
Repayment: 40 years (public) or 30 years (private)
Interest rate: 1% p. a.
max. 192,98 EUR monthlySlide13
Supported social housing
Public (municipalities – grants and soft loans)
Private (soft loans)
30 years after support
Rent < 5% p. a.
Target groups
Lone parents
Handicapped
Income < 3x subsistence minimumSlide14
Support of demand
Housing benefit
55,80 EUR (individual)
89,20 EUR (family)
average wage 769 EUR (2010)
Few eligible receivers
part of help in material need
good targeting
weak coverageSlide15
Barriers
accidental landlords
taxing burden
missing financial or fiscal incentives
strong protection of tenants
missing law on tenancy (only Civic Code)
short-term contracts
high market
prices
preference to purchase
discriminationSlide16
Thank you!