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Transitional Changes and Future Policy Direction of Rental Housing System in Cross-national Comparative Context

Jin Mee Youn 1

1한국토지주택공사

Accredited

ABSTRACT

This paper is to identify the future role of public rental housing and policy direction focusing on rental system comparisons and main policy changes in the last twenty years for 10 countries. The theoretical framework on rental system is based on rental system theory that is developed from both of Harloe and Kemeny’s work in the mid 20th century. Comparison of each system embraces five elements; the stock of public rental housing, target groups, main providers, rent level, relationship between private renting and homeownership. Results comparing two rental system reveals that there is decreasing stock of public rental housing, new actors for public rental housing providers, residualisation. It has been driven by a market oriented policy shift, deregulation, privatisation, and encouragement of homeownership within the context of pervasive neo-liberalism. It is shown that there is a greater shrinkage of public housing and residualised sector in dualist rental system. In unitary rental systems, it means the process of transformation toward dualist rental systems. But the role played by public rental housing in the future will be gradually replaced by new model under 21st century new economic environment. The existing model is expected to be switched toward new model by accomplishing social mix, various providers, the role of government on the improvement of market conditions, competition and financial viability.

Citation status

* References for papers published after 2022 are currently being built.