OECD Economics Department Working Papers
Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.
The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.
- ISSN : 18151973 (en ligne)
- https://doi.org/10.1787/18151973
Adjusting Housing Policies in Slovakia in Light of Euro Adoption
House prices have risen strongly in past years, helped by rising incomes and declining interest rates.
At the same time, construction of new dwellings has remained fairly muted and has only recently shown
signs of picking up. A characteristic feature of the Slovak housing market, and a consequence of the
privatization programme initiated in the early 1990s, is the virtual absence of a private rental market. As
euro membership will most likely go along with easier financial conditions and also entails limited
availability of national policy tools, current housing policies will have to be adjusted. The challenges are to
avoid overheating of the housing market in the medium term, in part by making supply more reactive to
demand, and to phase out the hurdles that are currently impeding the private rental market, which would
facilitate labour mobility.
This Working Paper relates to the 2009 OECD Economic Survey of the Slovak Republic.
Mots-clés: housing policies, house prices, Slovak Republic, rental market
JEL:
J61: Labor and Demographic Economics / Mobility, Unemployment, Vacancies, and Immigrant Workers / Geographic Labor Mobility; Immigrant Workers;
H21: Public Economics / Taxation, Subsidies, and Revenue / Taxation and Subsidies: Efficiency; Optimal Taxation;
H31: Public Economics / Fiscal Policies and Behavior of Economic Agents / Fiscal Policies and Behavior of Economic Agents: Household
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