Chapter 6. Housing Finance and Mortgage Markets in The Czech Republic, Hungary, Poland, Slovakia and Slovenia

  1. Danny Ben-Shahar BA, MBA, PhD Senior Lecturer board member member3,
  2. Charles Ka Yui Leung Associate Professor visiting scholar referee editorial board member member4 and
  3. Seow Eng Ong PhD Professor president recipient5
  1. A. R. Ghanbari Parsa Rotary International Professor visiting Professor1 and
  2. Mohammad Ali Mulazadeh MA, PhD post-doctoral research fellow Associate Professor Head consultant2

Published Online: 2 FEB 2009

DOI: 10.1002/9781444302301.ch6

Mortgage Markets Worldwide

Mortgage Markets Worldwide

How to Cite

Parsa, A. R. G. and Mulazadeh, M. A. (2008) Housing Finance and Mortgage Markets in The Czech Republic, Hungary, Poland, Slovakia and Slovenia, in Mortgage Markets Worldwide (eds D. Ben-Shahar, C. K. Y. Leung and S. E. Ong), Blackwell Publishing Ltd., Oxford, UK. doi: 10.1002/9781444302301.ch6

Editor Information

  1. 3

    Faculty of Architecture and Town Planning, Technion – Israel Institute of Technology, Israel

  2. 4

    Department of Economics and Finance, City University of Hong Kong, Hong Kong

  3. 5

    Department of Real Estate, National University of Singapore, Singapore

Author Information

  1. 1

    Urban Planning and Business Development, University of Ulster, UK

  2. 2

    Faculty of Engineering, Science and the Built Environment, (ESBE), London South Bank University, UK

Publication History

  1. Published Online: 2 FEB 2009
  2. Published Print: 16 MAY 2008

Book Series:

  1. Real Estate Issues

Book Series Editors:

  1. Stephen Brown6,
  2. John Henneberry7,
  3. K. W. Chau8 and
  4. Elaine Worzala9

Series Editor Information

  1. 6

    Royal Institution of Chartered Surveyors, UK

  2. 7

    Department of Town & Regional Planning, University of Sheffield, UK

  3. 8

    Department of Real Estate and Construction, The University of Hong Kong, Hong Kong

  4. 9

    Edward St. John Department of Real Estate, Johns Hopkins University, USA

ISBN Information

Print ISBN: 9781405132107

Online ISBN: 9781444302301



  • housing finance and mortgage markets in Central and Eastern Europe;
  • outstanding mortgage debt in selected countries;
  • European Central Bank (ECB);
  • housing mortgage in socialist economy;
  • full ‘free markets’;
  • break-up of Czechoslovak Federation;
  • Czech Republic - successfully restructured and privatized its banking sector;
  • housing finance system in Hungary and ‘loan guarantee institution’;
  • housing finance systems delivering ‘specialized services’ to financial market sector;
  • public mortgage bonds - another special type of debt security


This chapter contains sections titled:

  • Introduction

  • Housing finance

  • Housing mortgage in a socialist economy

  • The Czech Republic

  • Mortgage banking

  • Hungary

  • Housing finance system in Hungary

  • Loan guarantee measures

  • Poland

  • Financial institutions

  • Affordability of mortgage loans

  • Evolution of housing mortgage loans

  • The demand for housing and mortgage credit

  • Short history of mortgage banking

  • Increasing individual housing loans

  • Public mortgage bonds

  • Slovakia

  • Housing finance

  • Slovenia

  • Privatization process

  • Mortgage loan system in Slovenia

  • Housing market in Slovenia

  • Residential loan offered by banking sector

  • Obstacles of the mortgage loan market in Slovenia

  • Discussion

  • Summary and conclusion

  • Abbreviations

  • References