Title Nekilnojamo turto kainų burbulą įtakojančių veiksnių vertinimas /
Translation of Title Assessment of factors influencing real estate price bubble.
Authors Asakavičius, Martynas
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Pages 80
Keywords [eng] business management ; real estate ; price bubble
Abstract [eng] Ten years ago Lithuania, like many other countries in the world, underwent an economic crisis. The bursting of a real estate bubble has been identified as one of the direct causes of this challenging period which was succeeded by an economic stagnation of a large scale. The Master’s thesis aims at identifying and analysing the factors which influence the formation of a real estate bubble and the monitoring of which would enable to assess the risk of bursting. This knowledge is essential for the real estate investors and especially for the real estate companies which specialize in real estate development. When specific indicators are known and monitored, investment and selling strategies of a company may be developed properly and company’s operations may be efficiently planned. The object of the thesis is the real estate market bubble. The aim of the thesis is to identify and to analyze factors which influence the formation of a real estate market bubble. After completing a correlational analysis of factors influencing the real estate bubble and the supply/demand of newly constructed apartments in Vilnius, it has been established that the demand of newly constructed apartments is most heavily influenced by unemployment rate and customers’ trust. A secondary yet still important source of influence is the profitability of rent. The supply is most closely linked with the quantity of granted building permits. The conducted analysis of critical limits of factors influencing the real estate bubble revealed that most of the factors which influence the formation of a real estate bubble have moved closer to their critical limit. The real estate bubble in the market of newly constructed apartments in Vilnius is near its maximum limit the reaching of which may cause the real estate bubble to burst.
Dissertation Institution Kauno technologijos universitetas.
Type Master thesis
Language Lithuanian
Publication date 2017