EconPapers    
Economics at your fingertips  
 

Determinanty poptávky a nabídky na trhu s byty a jejich význam pro vysvětlení regionálních rozdílů

Demand and Supply Determinants on the Property Market and Their Importance in Explaining Regional Differences

Libor Votava, Lenka Komárková and Jiří Dvořák

Politická ekonomie, 2021, vol. 2021, issue 1, 26-47

Abstract: There is growing interest in property prices and price trends at national and regional levels. The paper aims to find links between selected demand and supply determinants based on a panel regression of regional data during 2000-2017 and to contribute to further discussion of the role of these determinants. The main output of the paper is the identification of regional differences in the direction and strength of the influence of individual determinants on the flat price. Regional differences were identified in the mid-year population, the number of inhabitants per completed flat, the number of applicants per job, the amount of household disposable income and the divorce rate. In Prague, the first three determinants were significant. The validity of the research is limited by the fact that some potentially significant data are not statistically monitored and data aggregated at the level of regions do not reflect local conditions. The output of the analysis shows determinants that explain the price variability and indicates unused economic policy instruments.

Keywords: real estate price; GDP; price bubble; regional differences; regional trends; disposable income; monetary policy; tax policy (search for similar items in EconPapers)
JEL-codes: E60 E70 H21 M20 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://polek.vse.cz/doi/10.18267/j.polek.1309.html (text/html)
http://polek.vse.cz/doi/10.18267/j.polek.1309.pdf (application/pdf)
free of charge

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:prg:jnlpol:v:2021:y:2021:i:1:id:1309:p:26-47

Ordering information: This journal article can be ordered from
Redakce Politické ekonomie, Vysoká škola ekonomická, nám. W. Churchilla 4, 130 67 Praha 3
http://polek.vse.cz

DOI: 10.18267/j.polek.1309

Access Statistics for this article

Politická ekonomie is currently edited by Jiřina Bulisová

More articles in Politická ekonomie from Prague University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Stanislav Vojir ().

 
Page updated 2021-09-07
Handle: RePEc:prg:jnlpol:v:2021:y:2021:i:1:id:1309:p:26-47