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Hungary: The Growing Role of a Hidden Sector

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Abstract

The share of private rented housing in Hungary has been growing steadily for over a decade. At the same time, reliable surveys about the sector are almost inexistent. Private rental market actors conceal their tenancy or their rental income because of the financial incentives in place, which strongly favour owner-occupation, while all but ignoring rental tenures, but also because of deficiencies of the legal environment of private renting. As a consequence, surveyors and census officials have no means of obtaining reliable data—even when they themselves are aware that a significant share of the sector remains hidden. The chapter examines private renting in Hungary, with the aim of understanding what factors contribute to the pervasive informality and ‘invisibility’ of private renting.

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Hegedüs, J., Horváth, V. (2018). Hungary: The Growing Role of a Hidden Sector. In: Hegedüs, J., Lux, M., Horváth, V. (eds) Private Rental Housing in Transition Countries. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-50710-5_10

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  • DOI: https://doi.org/10.1057/978-1-137-50710-5_10

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  • Publisher Name: Palgrave Macmillan, London

  • Print ISBN: 978-1-137-50709-9

  • Online ISBN: 978-1-137-50710-5

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