D 2015

Historical Perspective of Residential Development and its Impact on the Current Market Prices of Apartments on the Czech Real Estate Market

CUPAL, Martin

Základní údaje

Originální název

Historical Perspective of Residential Development and its Impact on the Current Market Prices of Apartments on the Czech Real Estate Market

Autoři

Vydání

26. vyd. Amsterdam, Procedia Economics and Finance, od s. 144-151, 8 s. 2015

Nakladatel

Elsevier

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Nizozemské království

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

elektronická verze "online"

Označené pro přenos do RIV

Ano

Kód RIV

RIV/00216224:14560/15:00091329

Organizační jednotka

Ekonomicko-správní fakulta

ISSN

Klíčová slova anglicky

Market price; real estate; linear model; residential house; flat;

Příznaky

Mezinárodní význam, Recenzováno
Změněno: 8. 12. 2016 11:30, doc. Ing. et Ing. Martin Cupal, Ph.D. et Ph.D.

Anotace

V originále

Historical development of residential housing is likely to have had certain influence on the current market prices of apartments. It is therefore important to ensure that the influence is correctly evaluated and adjusted to eliminate other factors. The influence is identified in relation to the probable motives and preferences relating to demand. The methodology is based on the formation of a comparative database of apartments, as homogeneous as possible, across different periods of construction on the Czech real estate market which can be divided into specific periods of time, each having their own characteristic features. Each database corresponds with a city with distinctive differences defined. The compiled and modified database can be statistically tested using linear parametric and non-parametric models. The findings indicate existence of price differences across the individual periods of construction, and facilitate a formulation of a functional (graphic) expression of the dependence for individual cities as well as an aggregate for the entire Czech market, i.e. a global curve. Subsequently, other possible causes, apart from the demand, are discussed.