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housing developments in european countries - Department of ...

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Def<strong>in</strong>ition <strong>of</strong> Terms<br />

New Member States<br />

Countries that jo<strong>in</strong>ed the European on May 1st<br />

2004. These are the follow<strong>in</strong>g: Cyprus, the Czech<br />

Republic, Estonia, Hungary, Latvia, Lithuania,<br />

Malta, Poland, Romania, Slovakia and Slovenia.<br />

Owner-Occupied Hous<strong>in</strong>g<br />

Hous<strong>in</strong>g owned by the occupiers. The <strong>hous<strong>in</strong>g</strong> may<br />

be owned outright or through a mortgage loan, but<br />

the owners have the opportunity to purchase the full<br />

equity.<br />

Part-ownership<br />

see Shared Ownership.<br />

Private Rented Hous<strong>in</strong>g<br />

Hous<strong>in</strong>g owned by a private <strong>in</strong>dividual or agency<br />

and rented to the occupiers for pr<strong>of</strong>it, generally at<br />

market rates.<br />

Public Hous<strong>in</strong>g<br />

Social <strong>hous<strong>in</strong>g</strong> provided by a government agency,<br />

usually a local authority.<br />

Public-Private Partnerships<br />

Jo<strong>in</strong>t arrangement between the State (public) sector<br />

and the private sector <strong>in</strong> provid<strong>in</strong>g <strong>in</strong>frastructure or<br />

services, where the private sector shares the cost and<br />

risks <strong>in</strong>volved.<br />

Social Hous<strong>in</strong>g<br />

Rented <strong>hous<strong>in</strong>g</strong> where access is controlled by the<br />

existence <strong>of</strong> allocation rules that favour households<br />

that have difficulties <strong>in</strong> access<strong>in</strong>g <strong>hous<strong>in</strong>g</strong> <strong>in</strong> the<br />

market. This <strong>hous<strong>in</strong>g</strong> is usually let at a non-pr<strong>of</strong>it or<br />

subsidised rent and provided by government or nonpr<strong>of</strong>it<br />

agencies such as <strong>hous<strong>in</strong>g</strong> associations. This<br />

type <strong>of</strong> <strong>hous<strong>in</strong>g</strong> is also termed ‘social rented<br />

<strong>hous<strong>in</strong>g</strong>.’<br />

System-Built Hous<strong>in</strong>g<br />

Hous<strong>in</strong>g, usually <strong>in</strong> the form <strong>of</strong> apartment<br />

build<strong>in</strong>gs, constructed us<strong>in</strong>g prefabricated panels<br />

and units.<br />

Residualisation<br />

Process through which <strong>hous<strong>in</strong>g</strong> has become<br />

<strong>in</strong>creas<strong>in</strong>gly marg<strong>in</strong>alised and specialised <strong>in</strong> function<br />

through shr<strong>in</strong>kage <strong>of</strong> its total <strong>hous<strong>in</strong>g</strong> market share.<br />

Three-Dimensional Property Registration<br />

Legislation permitt<strong>in</strong>g the construction <strong>of</strong> build<strong>in</strong>gs<br />

above exist<strong>in</strong>g <strong>in</strong>frastructure and property.<br />

Vacant Hous<strong>in</strong>g<br />

Hous<strong>in</strong>g that is permanently or temporarily<br />

unoccupied.<br />

Purchas<strong>in</strong>g Power Standards<br />

The artificial common reference currency unit used<br />

<strong>in</strong> the European Union to express the volume <strong>of</strong><br />

economic aggregates for the purpose <strong>of</strong> spatial<br />

comparisons <strong>in</strong> such a way that the differences<br />

between <strong>countries</strong> are elim<strong>in</strong>ated.<br />

Shared Ownership<br />

(also Part-Ownership)<br />

Scheme to facilitate home ownership through the<br />

partial purchase <strong>of</strong> dwell<strong>in</strong>g from the State or a<br />

<strong>hous<strong>in</strong>g</strong> association. Occupiers are usually given an<br />

option to purchase the dwell<strong>in</strong>g fully at a later date.<br />

x<br />

European Union Report

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