Steerage Effects of Object Housing Subsidies
||Steerage Effects of Object Housing Subsidies
||10th European Real Estate Society Conference (10-13 June 2003) Helsinki, Finland
||The financing of the Austrian housing construction activities is characterised by a typical triangle between developer, public sector and capital market, lets say: equity capital, public housing subsidies and outside capital. This basic principle is applied for all dwellings ñ in single-family houses, which are more than 90% owned by private persons, and also for the dwellings in multi-storey houses which are professionally developed and rented or sold. The public subsidies still play an important role in this triangle. First I want to describe the Austrian housing stock but also the housing financing system. Than I will show some noticeable properties of the housing subsidy system. At the end I will point out several effects as well as in social, economic and ecological aspects.
Post discussion ...
||Session 4, Housing Policy 2
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