Determinants of Commercial Real Property Prices in the CR during the Financial Crisis
|Author:||Bc. Jan März|
|Year:||2012 - summer|
|Leaders:|| PhDr. Michal Hlaváček Ph.D.
|Work type:|| Bachelors
|Awards and prizes:||B.A. with distinction from the Dean of the Faculty of Social Sciences for an extraordinarily good bachelors diploma thesis.|
|Abstract:||This thesis examines macroeconomic factors which influenced the Czech
commercial real estate market between the years 2007 to 2010, dividing it in three
basic segments – loading, office and retail. First we focus on describing the character
of the market, how it differs from other areas of economic activities and what are
these differences caused by. Next we create several models for particular real estate
market quantities and from the results we conclude some fundamental facts about
the functioning of the market. We interpret the role of the real estate yield as an
instrument of the financial market which moderates the real estate market’s
reactions to changes in the economic environment.
|Downloadable:|| Bachelor Theses of März