|
|
Types of Prices in the Property Market
Beránková, Martina ; Bejšovec, Jaroslav (referee) ; Staněk, Roman (advisor)
The aim of my diploma thesis is to outline the issues of finding out the prices and differences between the prices at the property market and also to clarify the basic terms from the field of property evaluation and the property market. In the introductio of my theses I will be defining the basic terms connected with the given topic. After that I will introduce the readers to the issues of differences between the price and value and also into the issues of the real estate market. I will describe particular types of prices and values, subjects of the property markets and the relationship at the property market. In the following part of my work I will mention the essence of evaluation of properties, I will define the basic terms, methods of evaluation and description of evaluation. However it is not only a blunt list of operations connected with this topic, but it is help to the reader to be better orientated on proceeding and to be familiar with the bacis terms connected with this topic. In the last practical part I will focus on the various types od finding out prices by using different methods.
|
|
|
The Influence of Monetary Policy on Real Estate Market as a Potential Catalyst for Economic Crisis
Suský, Stanislav ; Vozárová, Pavla (advisor) ; Chytil, Zdeněk (referee)
The thesis focuses on the influence of target interest rates set by central banks to stimulate property markets, in particular on the impact of these rates on real estate pricing and the subsequent bubbles in the housing market. In my work I analyse panel data portraying the quarterly performance of 29 European states from early 2000 till the end of second quarter of 2015. In the first part I investigate the influence of interest rates on property prices and find out that a one percentage point decrease of the target interest rate by the central bank resulted in a rise of 0.897 points in the house price index. In the second part I evaluate the impact of this instrument on the creation of a housing bubble, which is represented by the indicator of housing price sustainability. I estimate that an decrease in interest rates by one percentage point is concomitant with a increase of growth of the price bubble by 0,28 %. I thus validate my hypotheses on the negative correlation between the aforementioned variables.
|
|
|
Empirical Analysis of the Impact of Crime on Property Prices in Prague
Šenfeld, Filip ; Komrska, Martin (advisor) ; Čermáková, Klára (referee)
This paper examines the impact of crime on the price of apartments in Prague via the method of hedonic prices. The main objective is to quantify this impact and evaluate how significant factor is the crime rate in the property market. Regression analysis brought paradoxical results. Regression parameters suggest, ceteris paribus, increase in prices of apartments depending on the increase in the index crime. Specifically, according to the regression parameter in the basic model, an increase in crime index by 1% increases housing prices by an average of 0.15 %. The inclusion of various types of crime into the model instead of the total crime and the use of instrumental variables extend the model for a more detailed analysis. The hypothesis of the negative impact of crime on the price of apartments is not on the basis of this analysis confirmed.
|
|
|
Analysis of the influence of selected qualitative characteristics on price apartments in Prague in the period 2007 -2012
Vinterová, Michaela ; Koubek, Ivo (advisor) ; Pertold, Filip (referee)
The aim of this thesis is to examine the influence of selected characteristics of sold flats (2007-2012) in Prague on the selling price. The analysis is made on group of similar flats of size 3+1 and 3+kk. Data consist of 1185 observations. I am using the hedonic price method to investigate the influence of selected variables. The results indicate that with rise in availability by 1% the price of flat decrease by 0, 13%, with rise of its size the price rise by 0,92%. The price of flats rise by 13% when the cooperative ownership change to personal ownership The change of construction materials from panel to bricks rise the price of flat by 23%, the reconstruction of bathroom rise the price by 5,7%. Other finding is that overall reconstruction rises the price by 11%. Garage increase the price by 24%. Finally the hypothesis that flat in the ground floor is negatively viewed and the price of flat decrease by 2, 5%.
|
|
|
Impact of urban greenery on the property value in Prague
Kaprová, Kateřina ; Melichar, Jan (advisor) ; Vojáček, Ondřej (referee)
The main purpose of the diploma thesis is to estimate the impact of urban vegetation on real estate prices in terms of hedonic pricing method and furthermore to suggest a way how the estimated results should be implemented into decision-making within green areas of Prague. In the legal setting of Czech republic, the greenery is almost entirely provided to citizens through public budgets. As many effects of green areas do not come through markets, the decision-making about optimal quantity of greenery supplied comes to be heavily problematic. Concerning this, contibution of urban vegetation to the well-being of residents estimated in this thesis may become fundamental guide-post for public bodies. The theorethical part of the thesis is devoted to the problematics of green areas as an economic good and to the specification of urban greenery in Prague.Then the method used is shortly characterised. The practical part deals with choice of the appropriate variables representing urban greenery on the basis of relevant literature search. The main scope of the practical part is to describe and analyze property data set from Prague and finally to examine the impact of chosen environmental variables on the property prices.
|
|
|
The effect of the train noise on prices od properties in Prague:hedonic pricing method
Šebková, Veronika ; Melichar, Jan (advisor) ; Šohajová, Renata (referee)
The aim of this diploma thesis is to determine what is the effect of the train noise on prices of properties in Prague. This influence is investigated by using the method of hedonic price. The theoretical part is devoted not only to the problematic of the train noise and its physical properties but also to its impact on humans and the prices of apartments. Then the train noise is specified as well as its issuers and the ways in which it is possible to defend from the negative effects of the impact of the train noise. The thesis also explains the various stages of the method of hedonic price together with the theoretical part of Foreign Studies which have been engaged in using the method of hedonic price and the train noise. In the empirical part are used the knowledge from search, the selected variables are discussed and are submitted to descriptive analysis and the hypothesis are given. Then the model works through a regression analysis of function of the method of hedonic price and the various results are discussed. This thesis finishes by calculating the implicit prices and elasticities for the individual variables in the selected models. At the very end recommendations and the benefits resulting from the analysis are drawn.
|
|
|
The real estate tax as an instrument of an economic policy
TRÁVNÍČKOVÁ, Radka
In my thesis about the topic ``Real estate tax as an economic feature`` I looked into the way how real estate tax affects expenses and mainly the results of business. I investigated how real estate tax shares expenses and the results of business in the current tax terms. Furthermore I was interested in these effects if the tax grew to the ``European{\crqq} level, i.e. grew three aims. The final point was an effect in case of abolishing the tax on the subjects observed. I did the research for three chosen subjects (two cooperative farms and one private farmer). In conclusion I dealt with how real estate tax influences economic behaviour of business and the whole real estate trade.
|
guest ::
