2013Hrčak Portal of scientific journals of Croatia (University Computing Centre)Open access

THE IMPACT OF ECONOMIC GROWTH ON THE MARKET AND COMMUNICATION VALUE OF REAL ESTATE: CASE SLOVENIA

Igor Pšunder, Mirko Pšunder, Ksenija Golob

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Abstract

In the last five years is on the Slovenian real estate market observed highly trend in market volatility in property prices. Developments in the housing market have drastically changed and also represent an important indicator of overall economic trends. There is a lot of factors that affect the market price of real estate. With research we were focus on the problem of the impactof economic growth in the market value of real estate in Slovenia. We were present trend of economic growth in the last decade and its impact on growth or decline in real estate transactions. We were also established if declining real estate transactions affect the provision of more and bigger discounts on the sale of real estate. Among the research parameters, we were presented as well as their interdependence. With constant monitoring of parameters and statistical methods, we were collect data on the impact of economic growth and offered discounts on the real estate market prices, for future periods. The aim of the research is to define those factors that need to be considered for the analytical prediction of the trend of market prices and selling real estate in the future.The results obtained will help real estate valuers in the drawing up of reports assessing the value of real estate.

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What this paper is about

In the last five years is on the Slovenian real estate market observed highly trend in market volatility in property prices. Developments in the housing market have drastically changed and also represent an important indicator of overall economic trends. There is a lot of factors that affect the market price of real estate. With research we were focus on the problem of the impactof economic growth in the market value of real estate in Slovenia. We were present trend of economic growth in the last decade and its impact on growth or decline in real estate transactions. We were also established if declining real estate transactions affect the provision of more and bigger discounts on the sale of real estate. Among the research parameters, we were presented as well as their interdependence. With constant monitoring of parameters and statistical methods, we were collect data on the impact of economic growth and offered discounts on the real estate market prices, for future periods. The aim of the research is to define those factors that need to be considered for the analytical prediction of the trend of market prices and selling real estate in the future.The results obtained will help real estate valuers in the drawing up of reports assessing the value of real estate.

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Available abstract

In the last five years is on the Slovenian real estate market observed highly trend in market volatility in property prices. Developments in the housing market have drastically changed and also represent an important indicator of overall economic trends. There is a lot of factors that affect the market price of real estate. With research we were focus on the problem of the impactof economic growth in the market value of real estate in Slovenia. We were present trend of economic growth in the last decade and its impact on growth or decline in real estate transactions. We were also established if declining real estate transactions affect the provision of more and bigger discounts on the sale of real estate. Among the research parameters, we were presented as well as their interdependence. With constant monitoring of parameters and statistical methods, we were collect data on the impact of economic growth and offered discounts on the real estate market prices, for future periods. The aim of the research is to define those factors that need to be considered for the analytical prediction of the trend of market prices and selling real estate in the future.The results obtained will help real estate valuers in the drawing up of reports assessing the value of real estate.

Key concepts: Real estate, Capitalization rate, Cost approach, Volatility (finance), Real estate investment trust, Income approach, Corporate Real Estate, Business

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