Housing Policy
- Credits: 6
- Ending: Examination
- Range: 2P + 2C
- Semester: winter
- Year: 2
- Faculty of Economics and Finance
Teachers
Included in study programs
Teaching results
The aim of the course is to understand the importance and role of state, regional and municipal housing policy in socio-economic development as well as the mechanisms of interrelationships between economic and housing policy. The course is focused on theoretical and practical aspects of housing and housing policy as one of the basic human needs. It enables students to get acquainted with the economic, social and legal nature of housing, with its normative understanding and practical implementation by executive public administration bodies and economic entities. The course explains the types of functioning of the real estate market with a link to economic indicators in the European area. It examines the relationship between economic and housing policy as well as the role of the state in housing policy. The course also discusses selected issues such as the level of housing and social aspects of housing. Last but not least, we analyze the relationship between construction and employment in the national economy and their impact on economic indicators of the state.
After completing the course, the student should be able to:
Knowledge and understanding
- be familiar with the theories, legislation, concepts and strategic documents related to the issue
- synthesize the basic features of housing policy in relation to the economic and social dimension of the economy
- create and implement housing policy at various levels of the economy
- synthesize the importance and impacts of housing policy in relation to the European environment
- apply knowledge in practical situations and take a creative approach to solving specific situations related to the housing issue
Competencies
- ability to work independently with studies related to housing policy
Skills
- apply the right methods, procedures and techniques in specific situations in the field of creation as well as implementation of housing policy
- interpret the results of analyzes related to economic development and housing policy
- formulate problems and propose solutions arising from housing shortages
- prepare independent work and assess the impact of housing measures on the development of macroeconomic indicators.
Indicative content
1. Definition of basic concepts in the field of housing policy. Housing as a basic human need. The relationship between economic development and housing policy. Investment in housing.
2. Real estate market and its functions. Main actors operating in the field of housing. Division of responsibilities in the field of housing. The role of the state, local authorities and other actors, including the third sector.
3. Factors influencing the situation in the field of housing - macroeconomics and microeconomics of housing. Factors influencing the demand and supply of housing. Household income level and total housing expenditure. Affordability of housing.
4. Geographical and demographic aspects of housing. Changing the social and family paradigm. Projection of the development of the population, households and housing needs.
5. Stages of housing construction development in the Slovak Republic. Housing stock in the Slovak Republic and in selected European countries. Level and quality of housing stock. Renewal and reproduction of the housing stock. Factors affecting the fair value of residential property.
6. Financial instruments to support housing construction and renewal of the housing stock in the Slovak Republic. Forms of housing financing in European countries. State policy in the area of rental housing sector. Sources of financing the construction of rental housing in the Slovak Republic. Reverse mortgage.
7. Mortgage banking. Sources of financing mortgage loans. Risks of mortgage loans and mortgage bonds and their elimination. Mortgage systems in selected countries.
8. Characteristics of housing subsidies and their effectiveness and efficiency. Typology of housing subsidies.
9. Housing and standard of living. Content and structure of living standards. The level of housing in the Slovak Republic and in selected European countries in terms of current development. Characteristics of changes in housing quality requirements.
10. Social housing and related aspects. International and national contexts of social housing. Determinants of social housing. Specification of social housing objects. Provision, financing and management of social housing support.
11. The process of housing liberalization and its social impacts. Development trends in housing demands. Social regulation of housing in developed European countries.
12. Construction and employment. Development of construction and its share in GDP. Labor needs in the housing sector. Housing policy measures to promote flexibility and labor migration. Housing and tax system. Tax breaks in the housing sector and their fairness.
Support literature
1. Lux, M. – Kostelecký, T. (eds.): Bytová politika teorie a inovace pro praxi. Sociologické nakladatelství (SLON), 2011. ISBN 978-80-7419-068-1.
2. Špirková, D. – Ivanička, K. – Finka, M.: Bývanie a bytová politika – vývoj, determinanty rozvoja bývania a nové prístupy v nájomnej bytovej politike na Slovensku. Slovenská technická univerzita v Bratislave, 2009. ISBN 978-80-227-3173-7.
3. Mikeszová, M. – Sunega, P. – Lux, M. – Aresta, V.: Vlastní bydlení jako finanční bonus k duchodu. Sociologické nakladatelství (SLON), 2018. ISBN 978-80-7419-279-1.
4. Suchalová, A. – Staroňová, K.: Mapovanie sociálneho bývania v mestách SR. Ústav verejnej politiky a ekonómie, FSEV UK, 2010. ISBN 978-80-89244-71-3.
5. Poláková, O.: Bydlení a bytová politika. Ekopress, 2006. ISBN 80-8692-903-5.
6. Lux, M. (eds.): Bydlení – věc veřejná. Sociologické nakladatelství (SLON), 2002. ISBN 80-86429-12-1.
Requirements to complete the course
20% individual written work, 20% semester work, 60% written exam
Language whose command is required to complete the course
Slovak, English
Date of approval: 12.03.2024
Date of the latest change: 02.11.2021