To Rent or to Buy – Analysis of Housing Tenure Choice Determined by Housing Policy

Narodowy Bank Polski

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Date Published 2013
Primary Author Hanna Augustyniak
Other Authors Jacek Laszek, Krzysztof Olszewski,Joanna Waszczuk
Theme Types of Tenure
Country Poland


The article discusses the relatively large share of owner-occupied housing in the housing stock in selected European countries with relatively low per capita income and describes the underlying causes of this phenomenon. We identify the economic implications of the growing number of owner-occupied housing and poorly developed rental market. The paper analyses home purchase or rental decisions and explains the correlations between housing availability, consumption and households’ savings, as well as housing policy. The way in which the development of the rental market can affect the situation in the property market is presented on the basis of a simple model.

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