‘Generation Rent’ in a Super Homeownership Environment: The Case of Budapest, Hungary | Land Portal

Información del recurso

Date of publication: 
Enero 2022
Resource Language: 
ISBN / Resource ID: 
LP-midp003381
Copyright details: 
© 2022 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article

The paper examines the applicability of the concept of ‘generation rent’ in the ‘super-homeownership’ housing regime and better-off focused welfare regime of Hungary. Available official statistical and survey data show the increase in private rentals among young households, and the appearance of private rental housing as a potential longer-term solution in the attitudes of young people towards housing. In the Hungarian context, the strong role of intergenerational transfers in access to home ownership and public housing policies contribute to the development of a ‘generation rent’. Furthermore, housing policies also affect the housing experiences of the Hungarian ‘generation rent’. In order to reduce tenure security and affordability risks, many households turn to family and friend networks. The involvement of family relations tends to prolong dependency on the family, thus affecting the youth-adulthood transition. Meanwhile the housing career plans of young people reflect the strongly ownership-oriented public discourse, even in the case of low-status young people, for whom acquiring homeownership is not a realistic aspiration. The analysis argues that the concept can be applied in the Hungarian context; however, the development, housing experiences, and housing career plans of ‘generation rent’ in Hungary are strongly influenced by the specific welfare regime and housing system context.

Autores y editores

Author(s), editor(s), contributor(s): 

Csizmady, AdrienneKőszeghy, Lea

Corporate Author(s): 
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    Proveedor de datos

    MDPI AG, a publisher of open-access scientific journals, was spun off from the Molecular Diversity Preservation International organization. It was formally registered by Shu-Kun Lin and Dietrich Rordorf in May 2010 in Basel, Switzerland, and maintains editorial offices in China, Spain and Serbia. MDPI relies primarily on article processing charges to cover the costs of editorial quality control and production of articles. Over 280 universities and institutes have joined the MDPI Institutional Open Access Program; authors from these organizations pay reduced article processing charges.

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