|
|
Assessment of the influence of material composition of new buildings on their market price and the price of existing properties in the locality
Schenková, Klára ; Abraham, Karel (referee) ; Mikš, Lubomír (referee) ; Drochytka, Rostislav (advisor)
The submitted thesis focuses on establishing the extent of influence of material composition of selected segment of real estates (units) on their market price and price of the existing properties in the locality, including reasoning and experimental validation of market value (or market price) assessment methodology of the given property. It is indisputable that there are many subjective opinions and views of each individual assessor (of expert opinion) entering into the process of property assessment. Therefore it is necessary to “standardise” or rather unify, if possible, at least some input data in a way most likely preventing disproportions that are still a part of expert practise nowadays. The influence of material composition on the value (price) of the property, as for the relation to unit size, its locality and also its age and technical condition, is within this thesis verified first of all in computational phase of the assessment of the specific unit, when it in principle shows possible inaccuracy in assessing the final price of property, which should be avoided by a proper expert assessment. Practical impact and use of the influence of material composition is applied within the comparative method as one of several assessment methods that can be employed in establishing (assessment) of market value of the property.
|
|
|
The price source reducing coefficient impact on total index of dissimilarity by the real estate valuation comparative method
Cupal, Martin ; Korytárová, Jana (referee) ; Kropáčková, Barbora (referee) ; Bradáč, Albert (advisor)
True market prices of real estates, unlike bid prices, are often hard to reach. Nevertheless, this information is necessary for many direct and indirect real estate market subjects, especially for valuation purposes. Therefore the bid prices of concrete real estates are often used, but they are not generally equivalent market prices. And so it´s necessary to find some way to convert bid prices to market prices. This dissertation thesis shows definite approach to this issue. Market price and bid price rate is estimated by multi-dimensional linear regression model and non-linear estimations of simple regression. Multi-dimensional linear regression model estimates the values of this rate from other variables, like supply duration, price line according to localities and other. Non-linear estimations of regression function were used for the trend bid and market price modelling in dependence on number of the population in various localities.
|
|
|
The influence of the construction type on the distinction index used for the comparative method of real-estate appraisal
Spousta, Michal ; Mikš, Lubomír (referee) ; Šmahel, Milan (referee) ; Bradáč, Albert (advisor)
Quantification of the influence of type construction is realized for the purpose of determining the market price of flats by using comparative method of valuation. Comparative method is based on the market principle. Comparative method is based directly on a comparison of sales similar properties in similar conditions. Comparing price of comparative properties and appraised property is performed by using a number of criteria of significant differences, the evaluation of these criteria are quantified by using the coefficients of differences. In practice is usual to provide the range and number of coefficients based on professional judgment. The most important coefficients in comparative method of valuation are location, technical characteristics, equipment, accessories, property rights, other relevant factors and mainly the coefficient of influence of type construction is one of the most important factors of pricing. Due to this fact based on the analysis of public available sources (mostly from real estate server www.sreality.cz) is set, how the price is affected by the type of flat construction. During the creation database and it´s layout was found, that one of the pricing factor for the type of structure is insulation, therefore is this factor also considered.
|
|
|
Residential real estate market during the financial crisis : empirical evidence from the CEE region
Hrachovec, Martin ; Vacek, Pavel (advisor) ; Streblov, Pavel (referee)
1 Abstract This thesis investigates the housing price determinants and possibilities of housing price bubbles in the residential real estate markets of Central and Eastern Europe before and during the economic crisis of 2007-2009. Using data from international institutions, national central banks and national statistical offices three quantitative methods are applied. Price-to-income ratios suggest housing price bubbles that were eliminated during the crisis in three out of five countries covered. Second approach of simple panel data models sheds additional light on housing price bubbles and indicates GDP growth, unemployment and average real wage as the main determinants of housing prices in the region. First indication of severe housing price persistence in CEE is demonstrated by the results of the models as well. More reliable results for housing price determinants are obtained from variance decomposition and impulse response functions of vector autoregression models. Each country is modeled separately and substantial differences exist between the countries. Poland is the only country that does not exhibit housing price persistence and dynamics in Austria are less volatile as compared to the new EU members in the sample. JEL Classification G12, E39, R21, R31, R32 Keywords residential real estate, housing...
|
|
|
Vliv změny ceny ropy na ekonomiky
Peterka, Vít
Peterka, V. Oil price impact on economies. Bachelor`s thesis. Brno: Mendel Uni-versity in Brno, 2017. This paperwork is about the impact of oil price on compared economic indicators in chosen countries. Compares the evolution of economic indicator of chosen countries and verify dependence of these countries on oil price in period 2004 to 2015. It also tries to identify different political-economics solution attitudes to occurred situations. To analysis of data is used correlation analysis and trend removal method by HP filter. Using correlation analysis was defined a relation among oil price and economic indicators.
|
|
|
Residential real estate market during the financial crisis : empirical evidence from the CEE region
Hrachovec, Martin ; Vacek, Pavel (advisor) ; Streblov, Pavel (referee)
1 Abstract This thesis investigates the housing price determinants and possibilities of housing price bubbles in the residential real estate markets of Central and Eastern Europe before and during the economic crisis of 2007-2009. Using data from international institutions, national central banks and national statistical offices three quantitative methods are applied. Price-to-income ratios suggest housing price bubbles that were eliminated during the crisis in three out of five countries covered. Second approach of simple panel data models sheds additional light on housing price bubbles and indicates GDP growth, unemployment and average real wage as the main determinants of housing prices in the region. First indication of severe housing price persistence in CEE is demonstrated by the results of the models as well. More reliable results for housing price determinants are obtained from variance decomposition and impulse response functions of vector autoregression models. Each country is modeled separately and substantial differences exist between the countries. Poland is the only country that does not exhibit housing price persistence and dynamics in Austria are less volatile as compared to the new EU members in the sample. JEL Classification G12, E39, R21, R31, R32 Keywords residential real estate, housing...
|
|
|
Assessment of the influence of material composition of new buildings on their market price and the price of existing properties in the locality
Schenková, Klára ; Abraham, Karel (referee) ; Mikš, Lubomír (referee) ; Drochytka, Rostislav (advisor)
The submitted thesis focuses on establishing the extent of influence of material composition of selected segment of real estates (units) on their market price and price of the existing properties in the locality, including reasoning and experimental validation of market value (or market price) assessment methodology of the given property. It is indisputable that there are many subjective opinions and views of each individual assessor (of expert opinion) entering into the process of property assessment. Therefore it is necessary to “standardise” or rather unify, if possible, at least some input data in a way most likely preventing disproportions that are still a part of expert practise nowadays. The influence of material composition on the value (price) of the property, as for the relation to unit size, its locality and also its age and technical condition, is within this thesis verified first of all in computational phase of the assessment of the specific unit, when it in principle shows possible inaccuracy in assessing the final price of property, which should be avoided by a proper expert assessment. Practical impact and use of the influence of material composition is applied within the comparative method as one of several assessment methods that can be employed in establishing (assessment) of market value of the property.
|
|
|
The influence of the construction type on the distinction index used for the comparative method of real-estate appraisal
Spousta, Michal ; Mikš, Lubomír (referee) ; Šmahel, Milan (referee) ; Bradáč, Albert (advisor)
Quantification of the influence of type construction is realized for the purpose of determining the market price of flats by using comparative method of valuation. Comparative method is based on the market principle. Comparative method is based directly on a comparison of sales similar properties in similar conditions. Comparing price of comparative properties and appraised property is performed by using a number of criteria of significant differences, the evaluation of these criteria are quantified by using the coefficients of differences. In practice is usual to provide the range and number of coefficients based on professional judgment. The most important coefficients in comparative method of valuation are location, technical characteristics, equipment, accessories, property rights, other relevant factors and mainly the coefficient of influence of type construction is one of the most important factors of pricing. Due to this fact based on the analysis of public available sources (mostly from real estate server www.sreality.cz) is set, how the price is affected by the type of flat construction. During the creation database and it´s layout was found, that one of the pricing factor for the type of structure is insulation, therefore is this factor also considered.
|
|
|
The price source reducing coefficient impact on total index of dissimilarity by the real estate valuation comparative method
Cupal, Martin ; Korytárová, Jana (referee) ; Kropáčková, Barbora (referee) ; Bradáč, Albert (advisor)
True market prices of real estates, unlike bid prices, are often hard to reach. Nevertheless, this information is necessary for many direct and indirect real estate market subjects, especially for valuation purposes. Therefore the bid prices of concrete real estates are often used, but they are not generally equivalent market prices. And so it´s necessary to find some way to convert bid prices to market prices. This dissertation thesis shows definite approach to this issue. Market price and bid price rate is estimated by multi-dimensional linear regression model and non-linear estimations of simple regression. Multi-dimensional linear regression model estimates the values of this rate from other variables, like supply duration, price line according to localities and other. Non-linear estimations of regression function were used for the trend bid and market price modelling in dependence on number of the population in various localities.
|
|
|
Coefficient of merchantability for forest stands its usefulness and future utilization
Vopálka Melicharová, Lenka ; Mejzrová, Lenka
Ministry of Finance has been repeatedly pointed out for the absence of merchantability coefficient for forest stands [4]. To calculate the coefficient of merchantability has to be available a certain amount of data. Coefficient of merchantability is annually updated by the Ministry of Finance. It is calculated from data of the sales made provided by the tax authorities on the basis of § 33 (3) of Act No. 151/1997 Coll. Data that Treasury receives from the tax authorities must be "cleared„ and those that might somehowskew the coefficient must be excluded. To determine the coefficient of merchantability, as already mentioned, it is necessary to have a certain amount of data, so number of all sales of the property must be large enough. Which is not, in the absence of data, available for all types of real estate.
|
guest ::
