Macroeconomic variables influencing housing prices in Vilnius
| Autor: | Alfredas Laurinavičius, Antanas Laurinavičius, Algimantas Laurinavičius |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2022 |
| Předmět: |
Vilnius. Vilniaus kraštas (Vilnius region)
internal migration stock price index nominal house prices housing rent prices rental yield Strategy and Management Ekonominė padėtis / Economic conditions HD28-70 Būstas Lietuva (Lithuania) Kainos Nedarbas / Unemployment HG1-9999 Darbo apmokėjimas / Remuneration of work Management. Industrial management Finance Migracija / Migration |
| Zdroj: | International Journal of Strategic Property Management, Vol 26, Iss 1, Pp 24-34 (2022) International journal of strategic property management, Vilnius : VGTU Press, 2021, first published online, p. [1-11] International Journal of Strategic Property Management; Vol 26 No 1 (2022); 24-34 International journal of strategic property management 2022, Vol. 26, no. 1, p. 24-34. International journal of strategic property management, Vilnius : Vilnius Gediminas Technical University, 2022, vol. 26, iss. 1, p. 24-34 |
| ISSN: | 1648-9179 1648-715X |
| Popis: | The way macroeconomic variables such as unemployment/GDP per capita/inflation/wages/internal migration influenced housing prices (nominal house prices and housing rent prices) in Vilnius in 2006–2019 has been investigated in the research. Conditions under which different macroeconomic variables could influence housing prices were established in the research. Lower unemployment, higher GDP per capita and inflation rate were all related to higher nominal house prices in Vilnius. Higher GDP per capita, wages and internal migration were positively related to housing rent prices in Vilnius. Analyzed macroeconomic variables all together explained 88 percent of variance of nominal house prices in Vilnius over the period of 2006–2019 and 80 percent of variance of housing rent prices in Vilnius over the same period. First published online 02 December 2021 |
| Databáze: | OpenAIRE |
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