VULNERABILITIES OF VISEGRAD REAL ESTATE MARKETS - LESSONS FROM THE PAST

Koloman Ivanika, Andrej Adamušin and Julius Golej

ERES from European Real Estate Society (ERES)

Abstract: The implementation of economic and political reforms and inclusion of the Visegrad countries (Czech Republic, Slovakia, Hungary and Poland) to European Union enabled to develop the real estate markets that were virtually non-existent twenty years ago. The local demand and the international speculation combined together enabled the serious developmental boom. Yet the crisis brought the end of the boom. The former enthusiastic investors have stopped their investments, and the economic activities on real estate markets were substantially reduced. Although Visegrad countries seem to be very similar, yet the markets and submarkets differ, economic and political situation has its peculiarities, the real estate markets did not attained the same level of the maturity. In the proposed paper we study these aspects from the local and global perspectives.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2010-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2010_379

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