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Housing Finance Markets in Transition Economies

Trends and Challenges

image of Housing Finance Markets in Transition Economies

Housing finance markets in Central and Eastern European countries are typically small in scale and under-developed, though it is generally recognised that fostering housing finance markets contributes to economic development and brings social benefits to the public.  This book presents a comparative study on housing finance markets in the Central and Eastern European countries. It is based on an OECD market survey conducted in 2004 and on selected country data prepared for the OECD workshop on housing finance in transition economies held in December 2004.  It reports on the progress and challenges in housing finance markets in Croatia, the Czech Republic, Estonia, Hungary, Kazakhstan, Lithuania, Latvia, Poland, Romania, the Slovak Republic, Slovenia and Ukraine.

English

Housing Finance in Latvia

Reforms accomplished in Latvia and integration in the European Union have left a positive impact on economic development of the country. In the period from 1996 till 2003 Latvian gross domestic product (GDP) has grown on average by 6.1% annually. Among the other European countries only Ireland had higher growth rates in the same period of time.

English

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