Abstract
Abstract The housing rental market in Poland is underdeveloped and tilted towards temporary tenants, usually students and immigrants. To explore the flaws in the functioning of this market, we conduct a survey among 315 students from two Polish universities. We find that renting is not only perceived as a more expensive form of satisfying housing needs, but decreases satisfaction from utilizing the occupied house due to non-financial factors. Moreover, the perception of the relative advantages of owning versus renting is, to some extent, affected by flawed economic reasoning. Building on the above results, we discuss what policies could increase the demand for residential rental housing.
Highlights
Food, shelter and clothing are commonly considered to be the main basic needs of human beings
As indicated by Lux and Sunega (2010b, 2014), the declining trend in the rental market share in the group of Central European countries can be partly attributed to the transfer of public rental housing into private hands, which took the form of a massive sale to sitting tenants
The authors indicate that the private rental market was de facto the extension of the ownership, in which the offer is dominated by dwellings uninhabited by the owner, not “buy-to-let” dwellings
Summary
Shelter and clothing are commonly considered to be the main basic needs of human beings. Our analysis is related to the recent article by Źróbek-Różańska (2019), who conducted a survey among students from Olsztyn, a medium-sized Polish city, to learn about their plans to stay in the city after graduation She found that the rental market is a viable choice as over three-quarters of the respondents were planning to leave the city. Students are relatively mobile in comparison to the rest of the population and more often live in rented apartments As a result, their opinion on the functioning of the rental market is more informative than the opinion of the part of the society which has always owned a house.
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