Does increased construction activity transmit into housing prices and rents? Evidence from the V4 countries and Austria
This study focuses on the housing market in Central European countries. We analyze the housing prices and their sensitiveness to selected variables, especially regarding construction activity in the V4 countries and Austria. By employing a specification of a recursive VAR model for each country, we...
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2023-09-01
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| Series: | Frontiers in Sustainable Cities |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/frsc.2023.1267964/full |
| _version_ | 1797678045434216448 |
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| author | Božena Kadeřábková Pavel Řežábek |
| author_facet | Božena Kadeřábková Pavel Řežábek |
| author_sort | Božena Kadeřábková |
| collection | DOAJ |
| description | This study focuses on the housing market in Central European countries. We analyze the housing prices and their sensitiveness to selected variables, especially regarding construction activity in the V4 countries and Austria. By employing a specification of a recursive VAR model for each country, we show that the most responsive to changes in construction activity is housing market in Austria. Meanwhile housing prices in the V4 countries do not exhibit any strong association with construction activity, perhaps due to under-supply of housing in the countries. The paper provides discussion on the variables dependencies explanations. |
| first_indexed | 2024-03-11T22:54:09Z |
| format | Article |
| id | doaj.art-b292abd35ccf4c3f9427b5b6ced0aabc |
| institution | Directory Open Access Journal |
| issn | 2624-9634 |
| language | English |
| last_indexed | 2024-03-11T22:54:09Z |
| publishDate | 2023-09-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Sustainable Cities |
| spelling | doaj.art-b292abd35ccf4c3f9427b5b6ced0aabc2023-09-21T19:37:18ZengFrontiers Media S.A.Frontiers in Sustainable Cities2624-96342023-09-01510.3389/frsc.2023.12679641267964Does increased construction activity transmit into housing prices and rents? Evidence from the V4 countries and AustriaBožena Kadeřábková0Pavel Řežábek1Department of Economics, Faculty of Economics, University of Economics in Prague, Prague, CzechiaDepartment of Social and Economic Policy, Faculty of Economics, University of Economics in Prague, Prague, CzechiaThis study focuses on the housing market in Central European countries. We analyze the housing prices and their sensitiveness to selected variables, especially regarding construction activity in the V4 countries and Austria. By employing a specification of a recursive VAR model for each country, we show that the most responsive to changes in construction activity is housing market in Austria. Meanwhile housing prices in the V4 countries do not exhibit any strong association with construction activity, perhaps due to under-supply of housing in the countries. The paper provides discussion on the variables dependencies explanations.https://www.frontiersin.org/articles/10.3389/frsc.2023.1267964/fulleconomicshousingreal estateeconometricsCentral Europe |
| spellingShingle | Božena Kadeřábková Pavel Řežábek Does increased construction activity transmit into housing prices and rents? Evidence from the V4 countries and Austria Frontiers in Sustainable Cities economics housing real estate econometrics Central Europe |
| title | Does increased construction activity transmit into housing prices and rents? Evidence from the V4 countries and Austria |
| title_full | Does increased construction activity transmit into housing prices and rents? Evidence from the V4 countries and Austria |
| title_fullStr | Does increased construction activity transmit into housing prices and rents? Evidence from the V4 countries and Austria |
| title_full_unstemmed | Does increased construction activity transmit into housing prices and rents? Evidence from the V4 countries and Austria |
| title_short | Does increased construction activity transmit into housing prices and rents? Evidence from the V4 countries and Austria |
| title_sort | does increased construction activity transmit into housing prices and rents evidence from the v4 countries and austria |
| topic | economics housing real estate econometrics Central Europe |
| url | https://www.frontiersin.org/articles/10.3389/frsc.2023.1267964/full |
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