Successive reforms on land use rights, mortgage finance and privatisation of the social housing stock to sitting tenants coupled with large scale housing shortage particularly in urban areas due to in-migration and rapidly rising incomes has led to the massive growth of the private housing...

This paper examines the evolution of real estate markets in Hungary, the Czech Republic and Poland. The research reports the findings of an international survey of investors and property companies. Results show a perception of high risk for medium levels of return. Behavioural differences...

Over the years China has made tremendous success in using its land resources and the property market to promote production and economic growth. In 2002 China became the largest destination for foreign direct investment, most of which was in manufacturing. Coupled with huge domestic investment in...

Budapest has undergone major physical change and transformation since the 1980s. Much of this change has been as a result of international investment and development of new commercial, retail and out of town shopping centres. This paper considers the extent to which Budapest has changed during...

ERES:conference

The property-led urban development model, conceptualised by Cao and Keivani (2007), has been a paramount impetus for Chinaís robust prosperity over the past 30 years. Nevertheless, the defects of such model are inclined to swell. Problems in environmental, social and economic arenas have...

World Bank policy plays a significant role in shaping international housing and urban policy including that of UNCHS, development arms of western governments and international consultants (Keivani and Werna, 2001a and Baken and van der Lindern, 1993). In addition while the degree to which...