Evaluation of factors leading to formation of price-bubbles in the real estate market of Lithuania | Zendy

Audrius Dzikevičius | Zendy; Lukas Kazlauskas | Zendy; Šarūnas Bruzgė | Zendy

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Evaluation of factors leading to formation of price-bubbles in the real estate market of Lithuania

Author(s) -

Audrius Dzikevičius,

Lukas Kazlauskas,

Šarūnas Bruzgė

Publication year - 2015

Publication title -

verslas teorija ir praktika

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.369

H-Index - 17

eISSN - 1822-4202

pISSN - 1648-0627

DOI - 10.3846/btp.2015.544

Subject(s) - real estate , lithuanian , context (archaeology) , shock (circulatory) , economics , financial crisis , phenomenon , economic bubble , financial economics , capitalization rate , business , monetary economics , real estate investment trust , macroeconomics , finance , geography , medicine , physics , quantum mechanics , philosophy , linguistics , archaeology

Recently, real estate market has been discussed more frequently in the framework of economic analysis. The global economic crisis of 2008 has demonstrated the severity of financial shock that can be caused by inconsiderate investments in the real estate market. The present article analyses business cycles and the phenomenon of a price-bubble in that context. Drawing on the analysis of reference literature we identify the main reasons that can lead to fluctuations of prices in the real estate market. Finally, drawing on correlation and regression analysis we determine which factors have the strongest influence on the Lithuanian real estate market

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