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Finanční dostupnost bydlení v ČR
Dudová, Monika
Dudová, M. Financial affordability of housing in the Czech Republic. Diploma the-sis. Brno: Mendel University in Brno, 2021. The diploma thesis deals with the financial affordability on the Czech housing market. The thesis focuses on the specificity of housing as a commodity, the functioning of the housing market and the housing policy of the state. The thesis also includes an analysis of the housing market and an investigation into the structure, size, and financial demands of this market, which is also related to various forms of housing, possibilities of housing financing or ways of measuring the affordability of housing. Based on the secondary data, the influence of economic, financial and sociodemographic factors was monitored. The result of the thesis is a set of suggested recommendations, which can be used for improvement of the affordability of housing.
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Labour market and spatial mobility in Plzen region
Duda, Petr ; Čermák, Zdeněk (advisor) ; Matušková, Alena (referee)
The Czech Republic underwent considerable social, political and economic changes after 1989. An important step was the creation of the labor market where jobs and wages were created based on market supply and demand. Due to effects of these market forces, unemployment was an unavoidable consequence. . Closely related to this was workforce flexibility which over the years became increasingly important. People migrating for work also had an effect on the housing market. The main objective of this thesis is to analyze the labor market in the Plzeň Region and the related spatial mobility since 2000 (with a brief development in the 90's). Another important objective is to determine to what extent the migration of the population is affected by the labor market situation and developments in the housing market. Two major institutions were used as the data source for processing thse reviews. The Labour Market in the Plzeň Region was mapped on the basis of data from the Labour Office in Plzeň. Data on development of spatial mobility and the housing market was gained from the Czech Statistical Office online databases and also from the Regional Office of CSO in Plzen. Key words: migration, labour market, housing market, Plzen
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Topics in Real Estate Analysis and Macroprudential Policy
Hejlová, Hana ; Hlaváček, Michal (advisor) ; Geršl, Adam (referee) ; Olszewski, Krzysztof (referee) ; Rychtárik, Štefan (referee)
This dissertation thesis consists of three chapters devoted to analyzing residential and commercial real estate prices, assessing risks related to residential real estate exposures for financial stability, and calibrating borrower-based macroprudential measures to address those risks. Each chapter presents a general approach(es), which can be used - after certain adjustments - for similar analyses across countries and application to the Czech Republic or the CEE countries. In Chapter 1, we first show the application of a standard inverted demand model of the equilibrium house prices, which we extend to take into account the population ageing in the Czech Republic with potential impact on the effective demand for owner- occupied housing. Then, we present an alternative model that considers possible amplification between house prices, mortgage credit, and the real economy and investigates whether non-linearities in the short-term house price dynamic are present in the Czech Republic. By this, we extend the scarce empirical literature on non-linearities in house prices. Next, we abstract from economic determinants of house prices, which may lead to biased results if procyclical, and analyze the interaction between asking and transaction prices as a kind of revealed expectations of buyers and sellers...
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The Effect of Unconventional Monetary Policy of ECB on Housing Prices
Górecki, Vojtěch ; Horváth, Roman (advisor) ; Kučera, Adam (referee)
Thethesisexaminestherelationshipbetweentheunconventional monetary policyofECBandhousing markets. Weconducttheempiricalanalysison quarterlypaneldataconsistingofvariablesfromselectedeuroareacountries overtheperiod2007Q4-2017Q4. Theunconventional monetarypolicyis measuredwiththe Wu-XiaShadowrate. Thepanel VAR modelestimation providesonlyweakevidenceonthepositiveeffectoftheunconventionalmon- etarypolicyonhousingprices. Theevidenceonthe mortgageratesis more convincinginestimatingsignificantresponsethatspansovertwoyearswith peakatoneyearmark.Theresultsoftheindividualcountryanalysisindicate theheterogeneityofresponses,whiletheeffectislesssignificantincountries thatweremoreaffectedbythefinancialandsovereigndebtcrisis. JEL Classification C30,E00,R30, Keywords panel vector autoregression, unconventional monetarypolicy, ECB,housing market,euro area,shadowrate Author'se-mail vojtech.gorecki@gmail.com Supervisor'se-mail roman.horvath@fsv.cuni.cz
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Housing market and Risk of Homelessness in the Czech republic
Mikeszová, Martina ; Vlček, Josef (advisor) ; Havlík, Radomír (referee) ; Matoušek, Oldřich (referee)
Martina Mikeszová : PHD DISSERTATION - HOUSING MARKET AND RISK OF HOMELESSNESS IN THE CZECH REPUBLIC. ABSTRACT The PhD dissertation focuses on the theme of loss of permanent housing together with the problematic of housing affordability in the Czech Republic. In the first part, the objective is to identify the types of households potentially at risk of being unable to afford housing since 2000, and to trace the development of regional differences in the percentage of at-risk households in the Czech Republic. In the regard to the end of deregulation process in recent years, the analysis of housing (un)affordability of "market" rent housing shows the possible social consequences of the process. Owing to the absence of useful aggregate data on incomes and expenditures for different household types in the regions of the Czech Republic, the alternative data sources and the simulation methodology for measuring housing affordability which combines available regional wage statistics and data on market rents were used. The results indicate that the general risk of being unable to afford rental housing and regional differences in housing affordability are both decreasing. Not only the stagnation of market rent growth related to the growth of household income is behind the development. The main reason is the fact that...
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Labour market and spatial mobility in Plzen region
Duda, Petr ; Čermák, Zdeněk (advisor) ; Matušková, Alena (referee)
The Czech Republic underwent considerable social, political and economic changes after 1989. An important step was the creation of the labor market where jobs and wages were created based on market supply and demand. Due to effects of these market forces, unemployment was an unavoidable consequence. . Closely related to this was workforce flexibility which over the years became increasingly important. People migrating for work also had an effect on the housing market. The main objective of this thesis is to analyze the labor market in the Plzeň Region and the related spatial mobility since 2000 (with a brief development in the 90's). Another important objective is to determine to what extent the migration of the population is affected by the labor market situation and developments in the housing market. Two major institutions were used as the data source for processing thse reviews. The Labour Market in the Plzeň Region was mapped on the basis of data from the Labour Office in Plzeň. Data on development of spatial mobility and the housing market was gained from the Czech Statistical Office online databases and also from the Regional Office of CSO in Plzen. Key words: migration, labour market, housing market, Plzen
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Analysis of Prices and Investments in Housing Market using Capital Stock Model in the Czech republic in 2000-2013
Hájková, Eva ; Dušek, Libor (advisor) ; Rod, Aleš (referee)
This thesis deals with the evolution of prices in the housing market within the Czech Republic. The model of capital stock was used for this purpose. The factors that affect the price evolution were the size of income, the size of the first time buyer population, and the anticipated VAT change on new housing. Various evolution scenarios were presented under various conditions. Housing market in the Czech Republic as a whole and the market in the capital particularly were considered. In the case of the Czech Republic both real and simulated prices reached their peak in 2009, simulated price was 7 % lower than real. Concerning Prague, the real price peak happened in 2008, while the estimated price was 19 % lower compared to real prices.
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