| Abstract [eng] |
Residential real estate market is an integral part of state economy. As a result, economic developments and real estate market developments have an effect on each other. The slowdown in economic growth reduces consumption, especially for luxury goods. In order to avoid huge losses, real estate vendors (both legal and natural) are forced to decrease prices, lay off workforce and take other measures that inhibit economic growth. On the other hand, rapid and unsustainable rise in real estate prices could lead to an economic crisis. The current COVID-19 crisis creates additional unpredictability in national and global economy. This highlights the importance of short-term developments in real estate prices for all stakeholders – business, investors, contractors, vendors, purchasers. The final thesis analyses trends in residential real estate prices, looking for possible connections with the present situation. The research evaluates the impact of macroeconomic indicators on real estate prices. Finally, forecasts of real estate prices are made and presented. |
