Old housing estates in the housing market of a post-socialist city: The case of Budapest

Abstract

Housing estates were constructed by public authorities and private investors long before the era of large prefab housing estates. Their dwellings, like almost all flats, became privatised after 1989 in the postsocialist cities, thus they appeared in the housing market. The aim of this paper is to analyse their market position and to explore how their physical characteristics and residential environment influence the dwelling prices. It also examines the impact of the renovation of buildings with a special attention to its housing policy background.