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Development of housing prices in small municipalities near large cities during the COVID-19 pandemic
Pěnčíková, Kateřina ; Brandejs, David (referee) ; Klika, Pavel (advisor)
The diploma thesis is focused on the development of housing prices in small villages near large cities during the COVID-19 pandemic. The introduction defines the basic concepts used and describes the methodology for determining statistical calculations on the issue. The following chapter describes the database that was compiled in order to meet the content of the thesis and is subsequently evaluated. The data entered in the database are generated from the Valuo program and the stated amounts are the prices at which the advertised flats were sold for the period January 2016 to January 2021. The work examines the development of realized housing prices in three specific cities (Slavkov u Brna, Šlapanice and Vyškov), which are located near the city of Brno. Subsequently, the impact of the COVID-19 pandemic on the growth or decline of their price is evaluated. The evaluation and comparison of the results of the diploma thesis is given in the conclusion.
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Development and influence of tourism on the market price of real estate with a residential function in the city of Mikulov
Pistulka, Tomáš ; Klika, Pavel (referee) ; Brandejs, David (advisor)
This diploma thesis is focused on the development and influence of tourism on the market price of real estate with a residential function in Mikulov and then this effect is evaluated. Thesis is processed specifically for detached houses in Mikulov. The theoretical part is focused on clarifying the basic concepts and definitions in the fields tourism and the real estate market. These terms are for example: real estate, building, detached house or tourism. In next part of theoretical part is about price and value, documents for real estate valuation. Next are defined valuation methods and factors, which affect the price of real estate. In the end of theoretical part are describe tourism and regression analysis, which is used to determine the impact of tourism on real estate prices in Mikulov. After the theoretical part, there is a problem situation, which then continues to process this problem. After this part is developed and evaluated influence of tourism on price of real estate with residential function. The aim of this thesis is to evaluate the impact of tourism in a tourist area on the market price of houses and the subsequent interpretation of the results, which were processed according to the chosen methodology.
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Development and influence of tourism on the market price of real estate with a residential function in the city of Mikulov
Pistulka, Tomáš ; Klika, Pavel (referee) ; Brandejs, David (advisor)
This diploma thesis is focused on the development and influence of tourism on the market price of real estate with a residential function in Mikulov and then this effect is evaluated. Thesis is processed specifically for detached houses in Mikulov. The theoretical part is focused on clarifying the basic concepts and definitions in the fields tourism and the real estate market. These terms are for example: real estate, building, detached house or tourism. In next part of theoretical part is about price and value, documents for real estate valuation. Next are defined valuation methods and factors, which affect the price of real estate. In the end of theoretical part are describe tourism and regression analysis, which is used to determine the impact of tourism on real estate prices in Mikulov. After the theoretical part, there is a problem situation, which then continues to process this problem. After this part is developed and evaluated influence of tourism on price of real estate with residential function. The aim of this thesis is to evaluate the impact of tourism in a tourist area on the market price of houses and the subsequent interpretation of the results, which were processed according to the chosen methodology.
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Development of housing prices in small municipalities near large cities during the COVID-19 pandemic
Pěnčíková, Kateřina ; Brandejs, David (referee) ; Klika, Pavel (advisor)
The diploma thesis is focused on the development of housing prices in small villages near large cities during the COVID-19 pandemic. The introduction defines the basic concepts used and describes the methodology for determining statistical calculations on the issue. The following chapter describes the database that was compiled in order to meet the content of the thesis and is subsequently evaluated. The data entered in the database are generated from the Valuo program and the stated amounts are the prices at which the advertised flats were sold for the period January 2016 to January 2021. The work examines the development of realized housing prices in three specific cities (Slavkov u Brna, Šlapanice and Vyškov), which are located near the city of Brno. Subsequently, the impact of the COVID-19 pandemic on the growth or decline of their price is evaluated. The evaluation and comparison of the results of the diploma thesis is given in the conclusion.
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Efficiency of the prediction markets: case of Intrade
Brandejs, David ; Dózsa, Martin (advisor) ; Benčík, Daniel (referee)
1 Abstract Bachelor thesis confirms weak market efficiency hypothesis for political events, which took place on Intrade prediction market and finished between 1. October and 31. December 2012. Three unit root tests, ADF GLS, KPSS and Lo-Mackinlay test proved on 5% confidence level, that 140 of 191 tested political events is weakly market efficient, which means high relative market efficiency (73,3%). Testing out-of-political markets shows significantly lower market efficiency. Logit model rejected on 5% confidence level the assumption, that total volume of traded shares is significant parameter for the estimation of market efficiency. Keywords Prediction market, Intrade, efficiency market hy- pothesis, relative market efficiency, ADF test, KPSS test Author's e-mail David.Brandejs@seznam.cz Supervisor's e-mail Martin@Dozsa.cz
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Statistical properties of the liquidity and its influence on the volatility prediction
Brandejs, David ; Krištoufek, Ladislav (advisor) ; Burda, Martin (referee)
This master thesis concentrates on the influence of liquidity measures on the prediction of volatility and given the magic triangle phenomena subsequently on the expected return. Liquidity measures Amihud Illiquidity, Amivest Liquidity and Roll adjusted for high frequency data have been utilized. Dataset used for the modeling was consisting of 98 shares that were traded on S&P 100. The time range was from 1st January 2013 to 31st December 2014. We have found out that the liquidity truly enters into the return-volatility relationship and influences these variables - the magic triangle interacts. However, contrary to our hypothesis, the model shows up that lower liquidity signifies lower realized risk. This inference has been suggested by all three models (3SLS, 2SLS and OLS). Furthermore, we have used the realized variance and bi-power variation to separate the jump. Our second hypothesis that lower liquidity signifies higher frequency of jumps was confirmed only for one of two liquidity proxies (Roll) included in the resulting logit FE model. Keywords liquidity, risk, volatility, expected return, magic triangle, price jumps, realized variance, bi-power variation, three-stage least squares model, logit, high-frequency data, S&P 100 Author's e-mail david.brandejs@seznam.cz Supervisor's e-mail...
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Efficiency of the prediction markets: case of Intrade
Brandejs, David ; Dózsa, Martin (advisor) ; Benčík, Daniel (referee)
1 Abstract Bachelor thesis confirms weak market efficiency hypothesis for political events, which took place on Intrade prediction market and finished between 1. October and 31. December 2012. Three unit root tests, ADF GLS, KPSS and Lo-Mackinlay test proved on 5% confidence level, that 140 of 191 tested political events is weakly market efficient, which means high relative market efficiency (73,3%). Testing out-of-political markets shows significantly lower market efficiency. Logit model rejected on 5% confidence level the assumption, that total volume of traded shares is significant parameter for the estimation of market efficiency. Keywords Prediction market, Intrade, efficiency market hy- pothesis, relative market efficiency, ADF test, KPSS test Author's e-mail David.Brandejs@seznam.cz Supervisor's e-mail Martin@Dozsa.cz
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