Evaluation of factors leading to formation of price-bubbles in the real estate market of Lithuania
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...
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Vilnius Gediminas Technical University
2015-12-01
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| Series: | Business: Theory and Practice |
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| Online Access: | https://journals.vgtu.lt/index.php/BTP/article/view/8241 |
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doaj-a3d4953c30934884b48c7c069abe628e2020-11-24T21:45:05ZengVilnius Gediminas Technical UniversityBusiness: Theory and Practice1648-06271822-42022015-12-0116410.3846/btp.2015.544Evaluation of factors leading to formation of price-bubbles in the real estate market of LithuaniaAudrius Dzikevičius0Lukas Kazlauskas1Šarūnas Bruzgė2Department of Finance Engineering, Faculty of Business Management, Vilnius Gediminas Technical University, Saulėtekio al. 11, LT-10223 Vilnius, LithuaniaDepartment of Finance Engineering, Faculty of Business Management, Vilnius Gediminas Technical University, Saulėtekio al. 11, LT-10223 Vilnius, LithuaniaDepartment of Finance Engineering, Faculty of Business Management, Vilnius Gediminas Technical University, Saulėtekio al. 11, LT-10223 Vilnius, Lithuania 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. https://journals.vgtu.lt/index.php/BTP/article/view/8241business cyclereal estate price bubblefinancial crisisLithuanian real estate marketcorrelation and regression analysis |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Audrius Dzikevičius Lukas Kazlauskas Šarūnas Bruzgė |
| spellingShingle |
Audrius Dzikevičius Lukas Kazlauskas Šarūnas Bruzgė Evaluation of factors leading to formation of price-bubbles in the real estate market of Lithuania Business: Theory and Practice business cycle real estate price bubble financial crisis Lithuanian real estate market correlation and regression analysis |
| author_facet |
Audrius Dzikevičius Lukas Kazlauskas Šarūnas Bruzgė |
| author_sort |
Audrius Dzikevičius |
| title |
Evaluation of factors leading to formation of price-bubbles in the real estate market of Lithuania |
| title_short |
Evaluation of factors leading to formation of price-bubbles in the real estate market of Lithuania |
| title_full |
Evaluation of factors leading to formation of price-bubbles in the real estate market of Lithuania |
| title_fullStr |
Evaluation of factors leading to formation of price-bubbles in the real estate market of Lithuania |
| title_full_unstemmed |
Evaluation of factors leading to formation of price-bubbles in the real estate market of Lithuania |
| title_sort |
evaluation of factors leading to formation of price-bubbles in the real estate market of lithuania |
| publisher |
Vilnius Gediminas Technical University |
| series |
Business: Theory and Practice |
| issn |
1648-0627 1822-4202 |
| publishDate |
2015-12-01 |
| description |
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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| topic |
business cycle real estate price bubble financial crisis Lithuanian real estate market correlation and regression analysis |
| url |
https://journals.vgtu.lt/index.php/BTP/article/view/8241 |
| work_keys_str_mv |
AT audriusdzikevicius evaluationoffactorsleadingtoformationofpricebubblesintherealestatemarketoflithuania AT lukaskazlauskas evaluationoffactorsleadingtoformationofpricebubblesintherealestatemarketoflithuania AT sarunasbruzge evaluationoffactorsleadingtoformationofpricebubblesintherealestatemarketoflithuania |
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