Price determinants of newly built dwellings in Serbia
This paper analyses the determinants of newly built dwelling prices in Serbia in a panel of 24 cities over the period 2011-2014. Results suggest that dwelling prices primarily tend to rise with population growth and real total net wages as a proxy of household incomes, while declines in effective in...
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| Format: | Article |
| Language: | English |
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Economics institute, Belgrade
2015-01-01
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| Series: | Industrija |
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| Online Access: | http://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2015/0350-03731502105N.pdf |
| _version_ | 1818992487398637568 |
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| author | Nikolić Ivan |
| author_facet | Nikolić Ivan |
| author_sort | Nikolić Ivan |
| collection | DOAJ |
| description | This paper analyses the determinants of newly built dwelling prices in Serbia in a panel of 24 cities over the period 2011-2014. Results suggest that dwelling prices primarily tend to rise with population growth and real total net wages as a proxy of household incomes, while declines in effective interest rate on housing loans are associated with higher dwelling prices. Additional explanatory variables, such as the level of development of observed cities, geographical distance from the capital, or real GDP dynamics in the country, despite the expected correlation, didn't have a statistically significant influence on the dependant variable. |
| first_indexed | 2024-12-20T20:26:56Z |
| format | Article |
| id | doaj.art-93f1bc46fcbd44e1974d0e670114da72 |
| institution | Directory Open Access Journal |
| issn | 0350-0373 2334-8526 |
| language | English |
| last_indexed | 2024-12-20T20:26:56Z |
| publishDate | 2015-01-01 |
| publisher | Economics institute, Belgrade |
| record_format | Article |
| series | Industrija |
| spelling | doaj.art-93f1bc46fcbd44e1974d0e670114da722022-12-21T19:27:28ZengEconomics institute, BelgradeIndustrija0350-03732334-85262015-01-0143210511610.5937/industrija43-80880350-03731502105NPrice determinants of newly built dwellings in SerbiaNikolić Ivan0Institute for Economics, Belgrade, SerbiaThis paper analyses the determinants of newly built dwelling prices in Serbia in a panel of 24 cities over the period 2011-2014. Results suggest that dwelling prices primarily tend to rise with population growth and real total net wages as a proxy of household incomes, while declines in effective interest rate on housing loans are associated with higher dwelling prices. Additional explanatory variables, such as the level of development of observed cities, geographical distance from the capital, or real GDP dynamics in the country, despite the expected correlation, didn't have a statistically significant influence on the dependant variable.http://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2015/0350-03731502105N.pdfdwellingspricesreal estate market |
| spellingShingle | Nikolić Ivan Price determinants of newly built dwellings in Serbia Industrija dwellings prices real estate market |
| title | Price determinants of newly built dwellings in Serbia |
| title_full | Price determinants of newly built dwellings in Serbia |
| title_fullStr | Price determinants of newly built dwellings in Serbia |
| title_full_unstemmed | Price determinants of newly built dwellings in Serbia |
| title_short | Price determinants of newly built dwellings in Serbia |
| title_sort | price determinants of newly built dwellings in serbia |
| topic | dwellings prices real estate market |
| url | http://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2015/0350-03731502105N.pdf |
| work_keys_str_mv | AT nikolicivan pricedeterminantsofnewlybuiltdwellingsinserbia |