In recent years, the Evaluation Department of the Council of Europe Development Bank has conducted a series of independent evaluations of CEB-financed operations in the social housing sector targeting special vulnerable groups. Building on evaluation evidence and experience, two strategic issues are presented: the high level of complexity of such operations and the various facets of their sustainability. This paper underlines the significant learning and accountability potential of evaluations of social housing operations. At the same time, it underscores the added value of a holistic approach to evaluation, in the face of a simplistic, but currently predominant, output-oriented focus during monitoring.
This paper develops some analytical perspectives for a proper assessment of the dynamics observed on the Hungarian residential property market over the last decade. These dynamics are examined in comparison to official policy objectives. On the one hand, sustainable development and social balance were particularly urgent issues after the last financial crisis. On the other, the residential property market was officially instrumentalised to achieve them. We examined real estate market processes using data from the Hungarian Central Statistical Office and found a change in investment motives and in the main groups of actors dominant in the market, and we also examined the role of foreign investment. At the aggregate national level, the past decade looks like a process of recovery. Nonetheless, the factors relevant for the observable dynamics do not seem to correspond to the goals also formulated in the new constitution, but rather document the investment fever of certain groups.