摘要：The purpose of this research is to investigate relevant economic aspects, which characterized housing
markets from Central and Eastern European (CEE) countries, to identify the factors which determine
the house prices and to find the economic implications of property investments, under an international
micro and macroeconomic environment. Methodological, the article uses the deduction and
comparative analysis of collected statistical data, and strategic reforms in post-communist countries
are qualitatively explored through content analysis. In the case of CEE region, fundamentals
determinants, such as real income, real interest rate, demographic factors, play an extremely
important role in explaining house price distortions. The principles of communist ideology added a
special note in the evolution of prices, so the home ownership rate, the housing quality, the financial
housing system, European integration represent a number of traditional factors with significant
impact.
关键词：CEE countries; housing prices; home ownership; privatization
