scholarly journals Comparison of housing financing products in SR

2021 ◽  
Vol 92 ◽  
pp. 06025
Author(s):  
Eva Nahalkova Tesarova
Keyword(s):  
Interest Rates ◽  
Slovak Republic ◽  
Value Added ◽  
Real Estate Market ◽  
Housing Finance ◽  
Comparison Analysis ◽  
Mortgage Loans ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Analysis And Synthesis

Research background: The paper describes the comparison and subsequent analysis of products for housing finance in the Slovak Republic through the use of financial resources from banks and savings companies. The development and boom of the real estate market in Slovakia was mainly due to new forms of financing, such as mortgage loans. At present, there are various combinations of credit products on the market with favorable declining interest rates, but also support from the state in the form tax bonus on paid interests or state premium for contractual savings for housing. The development of housing loans also has a significant impact on the Slovak economy. Rising household indebtedness is a problem beyond the financial sector. Purpose of the article: Over-indebted households may have difficulty repaying loans in bad times or their consumption significantly reduce, which will exacerbate the process of resuming economic growth. The consequences of rising household indebtedness therefore need to be addressed from a wider perspective, including its economic-social impacts. The fundamental purpose of the article is to analyze the current possibilities of housing financing in the Slovak Republic and determine the most appropriate form. Methods: In order to fulfill our stated goal, we apply a method of comparison, analysis and synthesis. Findings & Value added: Finally, we formulate our own view of which form of financing housing is the most suitable based on the examined parameters.

scholarly journals The dangerous ineffectiveness of negative interest rates: the case of Switzerland

2019 ◽  
Vol 7 (2) ◽  
pp. 220-232 ◽  
Author(s):  
Sergio Rossi
Keyword(s):  
Interest Rates ◽  
Real Estate Market ◽  
Negative Consequences ◽  
Housing Crisis ◽  
Economic Activities ◽  
The Real Estate ◽  
Negative Interest Rates ◽  
The Real Estate Market ◽  
National Bank ◽  
Better Than

This paper argues that the negative interest rate adopted by the Swiss National Bank in 2015 has elicited a series of negative consequences across the Swiss economy. It has led an increasing number of agents to invest their savings in the real-estate market, whose prices have overheated, threatening the eruption of a housing crisis. It has also induced a number of financial institutions to turn to riskier businesses in an attempt to continue to earn some returns, thereby increasing financial fragility at systemic level. The paper suggests that a small Tobin tax on all Swiss-franc purchases may contribute to the support of domestic economic activities much better than negative rates of interest.

Mobilitŕ urbana e scelte residenziali: un'analisi economica

2009 ◽  
pp. 71-87
Author(s):  
Marina Bravi ◽  
Sergio Giaccaria
Keyword(s):  
Real Estate ◽  
Interest Rates ◽  
Real Estate Market ◽  
Housing Affordability ◽  
Urban Mobility ◽  
The Real Estate ◽  
Economic Segregation ◽  
The Real Estate Market ◽  
Very High ◽  
Economic Improvement

- This study explores the intricate relationships between urban mobility, residential choices (rent or ownership) and economic levels of housing affordability of the demand. During the residential changing, the families consider simultaneously many factors, both economic and territorial, that affect their decision. This research highlights as, in a situation characterized by very high prices and very important levels of the interest rates, the expectations of the economic improvement of the households are frustrated; the anomalies in the real estate market (rent and ownership) result, at the urban scale, in a sort of stoc s, as well as, economic segregation.Key words urban mobility, housing affordability, residential choices.Parole chiave: mobilitŕ urbana, accessibilitŕ ai servizi abitativi, scelte residenziali.

scholarly journals Management of the Real Estate Market in Vietnam with Lessons from Poland

2018 ◽  
Vol 6 (6) ◽  
Author(s):  
Vu Ngoc Xuan
Keyword(s):  
Real Estate ◽  
Interest Rates ◽  
Real Estate Market ◽  
Lessons Learned ◽  
Debt Ratio ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Per Capita ◽  
Bad Debt

Vietnamese economy in the year 2017 reached a GDP growth rate of 6.81%, inflation was controlled at 3.53%. According to Prime Minister Nguyen Xuan Phuc, Vietnam's economy has overcome many difficulties with the recovery and higher growth. In 2017, the size of the GDP economy will be about $ 220 billion, GDP by purchasing power parity - PPP $ 600 billion, per capita GDP of $ 2,385, and GDP per capita PPP is 6,000 US dollars. As predicted by the General Statistics Office, Vietnam's GDP in the next two years is expected to increase by 6.8%, and 7%. The exchange rate between the Vietnamese dong and foreign currencies such as the US dollar, the yen and the euro remains stable, while a trade surplus of $ 2.67 billion in 2017, slightly up from $ 2.52 billion US surplus in 2016. In addition to the macroeconomic highlights, Vietnam's economy faces challenges due to bad debt from the decline of the real estate market in the past, the bad debt ratio The banking system is high with interest rates falling but still at high levels, many businesses still find it difficult to mobilize business capital. At present, the drastic direction in the direction and management of the State Bank, the birth of the company VAMC recently brought the bad debt ratio of banks to an average of less than 5%. In this article, the author discusses the lessons learned from the management of the real estate market in Poland to provide a number of measures to increase liquidity in the real estate market in Vietnam economic growth in the future.

scholarly journals Real estate boom in Chile and fundamentals on house prices

2020 ◽  
Vol 6 (1) ◽  
pp. 1-26
Author(s):  
C. Aguilera Alvial
Keyword(s):  
Real Estate ◽  
Interest Rates ◽  
Structural Breaks ◽  
House Prices ◽  
Housing Prices ◽  
Real Estate Market ◽  
The Real ◽  
The Real Estate ◽  
Integration Test ◽  
The Real Estate Market

This article studies the fundamentals of housing prices based on the Real Index of Housing Prices (IRPV), given that in recent times in Chile there has been a sustained increase in price levels and seeks to find evidence on the existence of a possible speculative bubble in the real estate market. Following the methodology of various Chilean and international authors, the Engle & Granger Co-integration methodology was applied. Furthermore, the results of the previous methodology were compared using the Johansen Co-integration test. Then a method to find structural breaks is applied. As a result, evidence is found to not reject the existence of a bubble in the real estate market. It is found that only interest rates co-integrate in the long term with the evolution of house prices, while the other fundamentals present a spurious relationship.

scholarly journals Twenty Years of Mortgage Banking in Slovakia

2020 ◽  
Vol 8 (3) ◽  
pp. 56
Author(s):  
Eva Horvatova
Keyword(s):  
Real Estate ◽  
Interest Rates ◽  
Real Estate Market ◽  
Data Envelopment ◽  
The Real ◽  
The Real Estate ◽  
The Real Estate Market ◽  
Low Interest Rates ◽  
Real Estate Prices ◽  
Analysis Models

Mortgage banking began to develop in Slovakia after 1998 as an ambitious project, the goal of which was to elevate the lagging development of the real estate market, the development of the financial market and the creation of banks’ long-term resources. Our goal is a comprehensive assessment of the development of Slovak mortgage banking for the past 20 years from the perspectives of the development of banking, the mortgage bond market, the real estate market and selected interactions between individual elements of the mortgage system. The specific aim of the study is to evaluate the substantial links between the basic economic indicators, indicators of housing finance and real estate prices in Slovakia. To evaluate these issues VAR (Vector Autoregression) models, models of panel and linear regression and DEA (Data Envelopment Analysis) models were used. Slovakia has specific indicators of the development of mortgage banking, adequate to its historical and economic development. It was confirmed that the availability of real estate loans had a significant impact on the increase in real estate prices. Real estate prices in Bratislava have different development factors than real estate prices from a nationwide perspective. Low interest rates have an important role in housing financing. The second part of the study is oriented towards an evaluation of the technical efficiency of individual banks. The results of DEA point out that the largest banks in Slovakia were the most efficient in the pre-crisis year 2007. The overall results show that policymakers should react not only to the household indebtedness rate and risks for individual clients, but should also see the risks for banks in possible changes in the real estate market, or the risks of changes in interest rates in the future.

scholarly journals Dynamics of coworking growth in the real estate market under digitalization

2021 ◽  
Vol 244 ◽  
pp. 10052
Author(s):  
Oksana Pirogova ◽  
Nataliia Temnova
Keyword(s):  
Real Estate ◽  
Growth Rates ◽  
Real Estate Market ◽  
Commercial Real Estate ◽  
The Real Estate ◽  
The Real Estate Market ◽  
The World ◽  
Analysis And Synthesis ◽  
Market Forecast ◽  
Near Future

The pandemic has affected many sectors of the economy in Russia and the world, and has affected the commercial real estate market. In this situation, approaches to the organization of office space are changing. Currently, the segment of co-working centers is gradually becoming a full-fledged player in the commercial real estate market. The purpose of the study is to analyze the co-working market, forecast growth rates for the coming years and identify development trends. Research objectives: to analyze co-working centers in St. Petersburg; - Build a forecast of the number of co-working centers and identify new trends in the development of co-working spaces in a pandemic. The study used the following methods: descriptions, comparisons, analogies and generalizations, analysis and synthesis, modeling. Based on the data on the growth rates of co-working centers in St. Petersburg, a model for the growth of their number has been built. The research results will make it possible to forecast the development of the co-working center market in the near future.

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