Development of the Office Space Prices on the Czech Market

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dc.contributor.authorMatoušková, Michaela
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2023-09-27T12:41:07Z
dc.date.available2023-09-27T12:41:07Z
dc.description.abstractThe price developments in the commercial real estate market can affect the financial stability of countries, particularly through the level of lending by companies operating in this area. In the literature, research can be found dealing mainly with residential real estate, while commercial real estate stands rather in the background. The aim of this paper is to analyse the price development of the office space (CRECVI index) in the Czech market between years 2005 to 2022. As part of the cointegration analysis, an ADL model is constructed to describe how commercial real estate prices respond to changes in selected macroeconomic indicators. The results of the analysis show that office space prices are mainly influenced by the evolution of gross domestic product, unemployment and the level of inflation and interest rates.en
dc.formattext
dc.identifier.doi10.15240/tul/009/lef-2023-60
dc.identifier.isbn978-80-7494-627-1
dc.identifier.urihttps://dspace.tul.cz/handle/15240/172876
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.ispartofLiberecké ekonomické fórum 2023cs
dc.relation.ispartofLiberec Economic Forum 2023en
dc.subjectCointegration analysisen
dc.subjectCRECVI indexen
dc.subjectADL modelen
dc.subjectcommercial real estateen
dc.subject.classificationC51
dc.subject.classificationF63
dc.titleDevelopment of the Office Space Prices on the Czech Marketen
dc.typeproceeding paperen
local.accessopen
local.citation.epage573
local.citation.spage566
local.facultyFaculty of Economics
local.fulltextyes
local.relation.abbreviationLEFcs
local.relation.abbreviationLEFen
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