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Analysis of Factors Affecting Real Estate Prices
Suk, Ondřej ; Korytar, Petr (referee) ; Vaňková, Lucie (advisor)
The objective of the thesis Analysis of factors affecting real estate prices is to analyze selected aspects that somehow affects the price of real estate. The aim is to compare the impact of these factors on the market price of the selected type of property. The first part of the thesis defines theoretical bases and terms that relate to the real estate market. Furthermore, there are described the subjects of the real estate market and factors that influence the market and real estate prices. The most frequently used methods of real estate valuation are also described in the theoretical part. The practical part deals with the analysis of selected factors that affect the market price of the property. The analysis compares the prices of apartments in the three regional cities of the Czech Republic and then examines the differences in the average prices of these apartments and the degree of influence of selected factors causing differences in the prices.
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Specifics of real estate market in the Olomouc region
Suk, Ondřej ; Krejza, Zdeněk (referee) ; Vaňková, Lucie (advisor)
The objective of the thesis Specifics of real estate market in the Olomouc region is to analyse the real estate market of the districts of the Olomouc region. Then compare the market specifics of these districts and compare the selected location within the Czech Republic. The first part of the thesis is focused on the theoretical description and terms related to the real estate market. Then it describes the subjects of the real estate market and the factors that influence this market. Next chapter is focused on the regional policy and its impact on the real estate market. In the next part is the analysis of real estate market in the Olomouc region itself. There is the comparison of the districts in the Olomouc region. The analysis is focused mainly on the price development of selected types of real estate in the selected location and then is compared within the Czech Republic.
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Historical block of flats development with its impact on market prices of flats on the present in Brno
Sojáková, Táňa ; Khaddour, Ahmed (referee) ; Cupal, Martin (advisor)
Diploma thesis is focused on historical development of block of flats in Brno – Žabovřesky and its impact on the nowdays market prices. Evolution of the district development Brno – Žabovřesky is described in the theoretical part. Different types of residential buildings (block of flats) according to historical development are also characterized in this chapter. The practical part of diploma thesis is focused on analysis of bordered flat market and comparison to the particular types of development. The main aim of this work is to determine which historical period of block of flats development is important and which less for contemporary flat market.
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Activities of Real Estate Agencies
Menšíková, Lucie ; Skalický, Martin (referee) ; Vítková, Eva (advisor)
The aim of this thesis is to point out the lack of legislation at the current local real estate market, analyze the issues clients may encounter and compare the advantages associated with trading in cooperation with real estate agencies. The theoretical part introduces the basic concepts of the real estate market and its activities to the reader. Its comparison with the UK real estate market is especially interesting. The second part follows a case study in the form of a questionnaire, which processes the public opinion on the activities of real estate agency. Arrangements are suggested based on the results of the questionnaire to reduce clients’ dissatisfaction. The thesis concludes with a practical example of showing the advantages gained through the cooperation with real estate agencies.
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Assessment of housing opportunities in Prague and Brno
Sýkorová, Dana ; Kocourková, Gabriela (referee) ; Vaňková, Lucie (advisor)
This thesis deals with possibilities of living in two biggest cities in the Czech republic, which are Prague and Brno. In the first part is stated definition of investment, structure of local self-government, regional policy and regional development. This serves as the background for better understanding of linkage between different regions, definition of territorial units, and means how regions are developed. In the next part of this thesis are mentioned basic indicators for the whole Czech republic, including trend in prices of properties, which is important for assessment of living possibilities. This is the background for evaluation of chosen locations against Czech Republic. In the next chapter is analysis focused on chosen locations, based on data of whole Czech Republic as well as data focused only on these two locations and its surroundings. The conclusion is that Prague has special position in Czech Republic. There are broad working opportunities, high incomes, but also high living expense. Brno is not as high as Prague in evaluated indicators, but in comparison of whole Czech Republic is still on the top. It is necessary to take into account higher living expenses in both Prague and Brno but on the other hand compared to other regions, offered possibilities and services are on high level.
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The impact of monetary policy and the housing market in the Czech republic
Šuslik, David
I analyse impacts of monetary policy on housing prices and real household credit in the Czech Republic using structural VAR model identified by Cholesky decomposition. I focus on the period after the financial crisis from 2008, through the period of near zero interest rates from 2014 to 2017 until the end of 2022. I dedicate a chapter to major policy decisions of Czech National Bank in relation to housing market and household credit. My empirical strategy closely follows Bjørnland and Jacobsen, (2010). I identify six economic variables, namely exchange rate, GDP, inflation, interest rate, household credit and house price index. Subsequently I calculate their impact on housing prices and household credit in the Czech Republic. My estimations confirm findings of Robstad, (2018) that house prices respond stronger to monetary policy shocks in comparison with household credit. Yet, another finding is that household credit does not respond to interest rate shock while real house prices exhibit positive response. However, magnitude of this effect is relatively small in comparison with shocks from remaining variables.
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Uncertainty and House Prices: Empirical Evidence
Kos, Jiří ; Horváth, Roman (advisor) ; Hlaváček, Michal (referee)
This thesis studies the relationship between house prices, economic fundamen- tals and uncertainty using panel data from 10 OECD member countries and time series data from the United States. Traditional techniques, such as coin- tegration testing, are used to find a possible long-run link between house prices and their determinants. Employing both single-equation ARDL and multi- equation VEC models, we find evidence of a possible long-run relationship between house prices and fundamentals in the panel data. The results from the time series analysis are inconclusive, mostly leaning towards no presence of cointegration. A measure of interest rate is a vital determinant in most mod- els., while income does not exhibit a long-run connection with house prices. Moreover, results indicate the importance of uncertainty in determining house price dynamics, exhibiting both negative and positive effects. JEL Classification C22, D80, R20, R21, R28, R30, Keywords house prices, uncertainty, cointegration, eco- nomic fundamentals, interest rate Title Uncertainty and House Prices: Empirical Evi- dence
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