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Manažerská a finanční metodika týkající se rezidenčního a komerčního trhu s nemovitostmi
Peterková, Karolína
This thesis focuses on creating management and financial methodology for residential and commercial real estate businesses. It begins with a literature review and legal framework overview, exploring perspectives on potential real estate bubbles. The analytical section evaluates the current market situation factors influencing property prices and supply through quantitative and qualitative research among residents and market players. Analytical, comparative, and research methods will be employed to formulate steps for a methodology tailored to businesses in the industry.
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The Developmental Typology of the Fastest Growing Portion of the Metropolitan USA in the Decade from 2000 to 2010
Kohl, Ondřej ; Jeleček, Leoš (advisor) ; Ouředníček, Martin (referee)
This text was written as a diploma thesis of master's degree study course "Regional and political geography." It focuses on the development between the last two censuses, of the fastest growing metropolitan areas in the United States. The economic crisis of the late 2000s has been a major turning point of the decade. The goal of the research was to create a developmental typology of the fastest growing metros. The text analyzes "classifiers" data in order to decide what developmental types have been among the metros. A major factor contributing to high population gains in the fastest growing metros was the migration induced by the housing bubble.
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Determinants of residential real estate prices in the Baltic States
Rákosníková, Andrea ; Hlaváček, Michal (advisor) ; Hanzlík, Petr (referee)
The burst of the housing bubble on the US market, that contributed to the start of the Great Recession, was a warning sign to many economists. Consequently, the last decade birthed important studies analysing the real estate market in the search for the driving determinants of the housing prices. This thesis continues these efforts by time series analysis of the determinants of residential real estate prices in Estonia, Latvia, and Lithuania. The VECM analysis showed that the importance of classic housing determinants differs from country to country. The price persistence is a crucial determinant of the Baltics' housing prices in the short run, but only Estonia and Lithuania showed the persistence in the long run. Latvian house price index seems to be very affected by the construction cost index, and therefore supply side of the housing market. The model also suggested an unexpected negative relationship between house and rent prices. The analysis was however done on relatively short time series and that could cause some discrepancies in the results as well. The author also used the P/I and P/R ratios and the Hodrick-Prescott filter to analyse the housing prices in the search of possible overvaluation, and concluded that these measures do not seem to indicate the existence of the housing bubble in...
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Price Bubbles in Real Estate Markets
Škvor, Ondřej ; Blahová, Naďa (advisor) ; Šíma, Ondřej (referee)
The diploma thesis deals with the occurence of price bubbles in the real estate markets and with the consequences resulting from their existence for the monetary policy authorities and for the macroprudential supervision. At first, the nature of price bubbles, the circumstances of their occurence and downfall and the possibilities of their identification are explained, while they are divided into rational and irrational bubbles. This is followed by the characteristics of the real estate market, by a description of its operation and by assessment of its specifics compared to the markets of other assets, while the real estate market is characterized by several market imperfections which constantly prevent it from heading to the equilibrium. Next part of the thesis refers to the analysis of the potential price bubble in the current Czech real estate market, separately for both the residential and the commercial segment of the market. Attention is paid to the central bank's response to current developments. In the last part, the thesis focuses on the implications of the impact of price bubbles on the real estate markets for the central banks' monetary policy and for macroprudential supervision authorities. The thesis also discusses the importance of asset prices in the context of inflation targeting and the importance of the role of real estate markets in systemic financial crises.
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The Developmental Typology of the Fastest Growing Portion of the Metropolitan USA in the Decade from 2000 to 2010
Kohl, Ondřej ; Jeleček, Leoš (advisor) ; Ouředníček, Martin (referee)
This text was written as a diploma thesis of master's degree study course "Regional and political geography." It focuses on the development between the last two censuses, of the fastest growing metropolitan areas in the United States. The economic crisis of the late 2000s has been a major turning point of the decade. The goal of the research was to create a developmental typology of the fastest growing metros. The text analyzes "classifiers" data in order to decide what developmental types have been among the metros. A major factor contributing to high population gains in the fastest growing metros was the migration induced by the housing bubble.
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Čínský realitní trh - současný stav, trendy a vyhlídky
Slavík, Petr ; Stuchlíková, Zuzana (advisor) ; Vlčková, Jana (referee)
The aim of this work is to describe the phenomena of bubble in the financial, but especially in the real estate market; based on gained information, the current situation of Chinese real estate market is described. This work is divided into theoretical and more practical part. The theoretical part is devoted to the definition of bubble, bubbles in asset market, real estate market bubbles specifics and its causes analysis, identification and implications for the economy. Also, the Japanese real estate bubble is described. The second part describes the evolution of Chinese real estate market and provides overview of the milestones in its evolution. Moreover, it deals with specifics of the Chinese real estate market and explains the factors behind the rise in prices. Further in second part, situation on Chinese housing market is compared with the one in Japan during real estate bubble. Furthermore, this thesis explains how state government can coordinate, regulate and intervene on the market and comes up with short-term outlook.
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Krachy na finančních trzích
Tran Dinh, Khanh ; Stádník, Bohumil (advisor) ; Brodani, Jana (referee)
The aim of this work is description and analysis of the phenomena which suddenly cause unexpected and sharp decline in the financial markets, called crashes or collapses. This work is divided into theoretical and practical part. The theoretical part deals with the definition of the financial market and its crash, in addition, this part provides an overview of the theories explaining the origin of the speculative bubble and its bursting. The object of practical part is to describe occurred events in the financial markets in order to determine the possible causes, circumstances and consequences of these crashes.
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Urbanisation in Hong Kong - development and impacts
Suleymanova, Lina ; Stuchlíková, Zuzana (advisor) ; Vošta, Milan (referee)
The aim of this Diploma thesis is to characterize Hong Kong real estate bubble which reached its peak in 1988 and to analyze housing shortage in Hong Kong. The secondary objective is economic development of Hong Kong and urbanisation trends in 21st century. The thesis is divided into three parts. The first chapter introduces main theoretical urbanisation concepts. The second part deals Hong Kong economic development from 1842 till 2014. The third part analyzes formation and evolution of real estate bubble and housing shortage in Hong Kong.
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Vyhodnocení závislosti mezi kvantitativním uvolňováním a vybranými ekonomickými ukazateli v USA
Herec, Jiří
This thesis deals with the evaluation of how the implementation of quantitative easing in the USA between 2008 - 2014 affects various economic indicators. The influence of particular waves of quantitative easing is analyzed by changing the levels of selected macroeconomic indicators and rep-resentative indicators of the capital market - stock index S&P 500 and the yields on government treasuries with different maturities. Dependence between the realized monetary expansion and changing the level of individual economic indicators is discussed through correlation coefficients.
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