Analysis of the real estate market in Ukraine from the point of view of financial market theories

Maksishko Natalya K. () and Shapovalova Victoria O. ()
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Maksishko Natalya K.: Zaporizhzhya National University
Shapovalova Victoria O.: Zaporizhzhya National University

The Problems of Economy, 2013, issue 2, 31_38

Abstract: The article analyses the real estate market in Ukraine from the point of view of the concept of financial markets on the basis of the dynamics of average prices on housing habitations, profitability and chain indices with the annual lag. It reveals that there is no sufficient basis for the real estate market to accept the efficient market hypothesis or fractal market hypothesis; ignoring this fact could lead to unsatisfactory results of forecasting due to availability of dynamics of different types. The article provides quantitative and informative justification of performance of the coherent market hypothesis.

Keywords: real estate market; financial market; efficient market hypothesis; fractal market hypothesis; coherent market hypothesis; synergetic market hypothesis (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:idp:redpoe:y:2013:i:2:p:31_38

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