Private renting in Romania

Type Working Paper
Title Private renting in Romania
Author(s)
Publication (Day/Month/Year) 2010
URL https://mpra.ub.uni-muenchen.de/28367/1/MPRA_paper_28367.pdf
Abstract
The paper's aim is to present an overview on the PRS in Romania, emphasizing the main
characteristics and the nature of PRS evolution after 1989. The past 20 years reveal some keychanges
that occurred in the socio-economic and political life of the country and we have
explored them as factors that have shaped the PRS. The analysis begins with a presentation of
PRS stock, and it continues with a brief assessment of the housing conditions in addition to the
socio-economic and demographic profile of households in the sector. Romania has a large
housing stock with an unusually high-share of private ownership. Having these findings as a
starting point, our paper explores those housing policies that have had the biggest impact on
the field and shaped housing market trends. We have used statistical tools to analyze the data
provided by the National Institute of Statistics-Romania, and Housing Associations, and major
real-estate companies who operate on the Romanian market. An exploratory research was
developed using the opportunity to interview policy-makers, national housing authorities,
landlords and tenants in order to describe the current role of PRS on the housing market and
the future of PRS in Romania.

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