scholarly journals House Prices and Birth Rates: The Impact of the Real Estate Market on the Decision to Have a Baby

2011 ◽  
Author(s):  
Lisa Dettling ◽  
Melissa Schettini Kearney
Author(s):  
Олександр Володимирович Києвич

Nowadays, when we still see the impact of COVID not only in the Czech Republic, but all over the world, when the value of money is constantly decreasing due to inflation and negative trends in the economy, people usually try to save their savings where they are confident that they will not lose value. The purpose of the article is to characterize the policy of the Czech National Bank in relation to the real estate market. Research hypothesis. The population of the Czech Republic now perceives housing as a safe haven and protects their savings by buying real estate. That is why, according to practicing economists, the great interest of Czechs in investing in real estate will continue in the coming years. Presentation of the main material. Wealthy people in the Czech Republic are now investing their money in apartments to protect their savings from inflation, which was largely fueled by covid restrictions. Rising inflation and volatility in world currencies is a serious blow to those who keep their savings in cash, so people want to own any asset that has any hope of going up. Originality and practical significance of the research. It has been proven that overheated markets sometimes collapse with dire consequences for a country's economy. And this is the responsibility of the regulators, who must anticipate and prevent such trends in the markets. Conclusions and prospects for further research. The current situation with the pandemic has not affected the real estate market, which is perhaps surprising. The population of the Czech Republic now perceives housing as a safe haven and protects their savings by buying real estate. The main task today of all financial market regulators, not only in the Czech Republic, but all over the world, is and will be the task of preventing a sharp collapse of the formed bubbles, including the real estate market.


2021 ◽  
Vol 16 (02) ◽  
pp. 58-65
Author(s):  
Natia Terterashvili Natia Terterashvili

The article analyzes the early effects of the COVID_19 pandemic on the Georgian real estate market. There are studies examining the impact of health deterioration and pandemic shocks on housing markets. Based on the analysis of the economic consequences caused by similar events in the past and the tools of state regulation in a crisis situation, parallels are drawn with the modern Covid pandemic. In studying the crisis situation in the real estate market, we also rely on the experience of the global financial crisis of 2007-2008, which is most often associated with the current situation. The research is mainly based on the data of the Georgian Public Registry on the real estate market, which is updated by months. The article also discusses the role and importance of government decision-making in the development business, which has helped the real estate market to some extent. Crises are particularly damaging to the construction and real estate sectors, but we also expect that the real estate market will recover rapidly with the lifting of restrictions. This is based on the recent experience of Georgia, in particular, our simultaneous analysis of the results of the first wave of the COVID_19 pandemic. The situation was different during the crisis of 2007-2008, which was accompanied by war with Russia. Then the turn over of the construction sector decreased by 12% per year and it took about three years for the market to fully recover. At the same time, before 2008, the prices in the real estate market were very high, which confirmed the existence of a real estate "bubble". In modern conditions, it is difficult to talk about the existence of a "bubble", because before the pandemic real estate prices were balanced and stable. This fact allows for additional optimism. The paper summarizes the main findings, identifies all the challenges the market are facing and also provides relevant recommendations for market participants. Keywords: COVID_19 pandemic, Real Estate, Crisis, development business, State regulations.


2020 ◽  
Vol 6 (1) ◽  
pp. 1-26
Author(s):  
C. Aguilera Alvial

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.


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