An Empirical Analysis of Real Estate Cycles in the Lithuanian Housing Market

Arvydas Jadevicius and Ali Parsa

Journal of Real Estate Literature, 2014, vol. 22, issue 1, 69-81

Abstract: In this paper, we analyze real estate cycles in the Lithuanian housing market. The literature has shown that in the context of the Lithuanian real estate examination, researchers employed mostly a formal turning point analysis or descriptive statistics to examine the cyclical nature of the Lithuanian housing market. An econometric assessment of the national real estate market is therefore called-in. We employed the Hodrick-Prescott filter to de-trend selected series. The findings indicate that Lithuanian house prices follow a three-year cycle. These results are however time-dependent, whereas fluctuations in the Lithuanian housing market vary. Our insights into the cyclical activity in the national housing market can be usefully employed by real estate market participants.

Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.2014.12090377 (text/html)
Access to full text is restricted to subscribers.

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:taf:rjelxx:v:22:y:2014:i:1:p:69-81

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjel20

DOI: 10.1080/10835547.2014.12090377

Access Statistics for this article

Journal of Real Estate Literature is currently edited by Sophia Dermisi and Kimberly Winson

More articles in Journal of Real Estate Literature from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().