Price determinants of newly built dwelling in Serbia

Ivan Nikoliæ
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Ivan Nikoliæ: National Bank of Serbia

Working papers from National Bank of Serbia

Abstract: This paper analyses the determnants of newly built dwelling prices in Serbia in a panel of 24 cities over the period 2011-2014. Results suggest that dwelling prices primarily tend to rise with populations growth and real total net wages as a proxy of household incomes, while declines in effective interest rate on housing are associated with higher dwelling prices. Additional explanatory variables, such as the level of development of observed cities, geographical distance from the capital, or real GDP dinamics in the country, even though the correct sign, didn't have statisticaly significance influence on the dependant variable.

Keywords: dwelling; prices; real estate market (search for similar items in EconPapers)
Pages: 10 pages
Date: 2015-08
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Persistent link: https://EconPapers.repec.org/RePEc:nsb:wppnbs:29

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