The Housing Market in Prague from the Perspective of Economic Sociology: “Transitive” Factors behind the High Prices of Owner-Occupied housing

The main objective of the project was determine whether there exist “transitive”, institutionally and culturally specific factors behind the high prices and low financial affordability of older and new owner-occupied housing in Prague, and to estimate their influence and the possible consequences of their elimination. An analysis of the causes of the high prices of housing also contributed to increasing the transparency of the Czech housing market and became an important source of information for those who formulate housing and social policies. The methodological approach combined elements of econometric analysis and quantitative and qualitative sociological methods. The effort to identify the causes behind the rigidity of the housing market from the perspective of value orientations and the subjective attitudes of the main actors in involved represented an innovative approach to the issue. Read more...