Residential real estate analysis in Serbia
The analysis of Serbia's residential real estate market is the main goal of this paper. Price movements in that part of the market affect price and financial stability equally, which are thus the main goals of most central banks. Prior to the highly contagious COVID-19 pandemic, there was a gra...
| Main Author: | |
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| Format: | Article |
| Language: | English |
| Published: |
University of Novi Sad - Faculty of Economics, Subotica
2023-01-01
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| Series: | Anali Ekonomskog fakulteta u Subotici |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/0350-2120/2023/0350-21202350067M.pdf |
| _version_ | 1797366987379179520 |
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| author | Martin Vesna |
| author_facet | Martin Vesna |
| author_sort | Martin Vesna |
| collection | DOAJ |
| description | The analysis of Serbia's residential real estate market is the main goal of this paper. Price movements in that part of the market affect price and financial stability equally, which are thus the main goals of most central banks. Prior to the highly contagious COVID-19 pandemic, there was a gradual increase in the number of transactions involving real estate and prices, with oscillations observed throughout the second quarter of 2020. In this paper, we will present the available databases from the Serbian residential real estate market, as well as regulations that have been in place since the 2000s. By analyzing the trajectory in the long run of the housing credit share to GDP by using a Hodrick-Prescott one-sided filter with the parameter set to 400,000 and correlation and regression analysis, the paper's concluding part will determine whether there is a price bubble in this market segment. According to the analysis, there is currently no price bubble in Serbia's residential real estate market. |
| first_indexed | 2024-03-08T17:12:27Z |
| format | Article |
| id | doaj.art-fbab486ed77646a59828850bd24ae0ff |
| institution | Directory Open Access Journal |
| issn | 0350-2120 2683-4162 |
| language | English |
| last_indexed | 2024-03-08T17:12:27Z |
| publishDate | 2023-01-01 |
| publisher | University of Novi Sad - Faculty of Economics, Subotica |
| record_format | Article |
| series | Anali Ekonomskog fakulteta u Subotici |
| spelling | doaj.art-fbab486ed77646a59828850bd24ae0ff2024-01-03T21:19:10ZengUniversity of Novi Sad - Faculty of Economics, SuboticaAnali Ekonomskog fakulteta u Subotici0350-21202683-41622023-01-01202350678110.5937/AnEkSub2300019M0350-21202350067MResidential real estate analysis in SerbiaMartin Vesna0https://orcid.org/0000-0002-5612-7452Economists Association of Belgrade, Belgrade, SerbiaThe analysis of Serbia's residential real estate market is the main goal of this paper. Price movements in that part of the market affect price and financial stability equally, which are thus the main goals of most central banks. Prior to the highly contagious COVID-19 pandemic, there was a gradual increase in the number of transactions involving real estate and prices, with oscillations observed throughout the second quarter of 2020. In this paper, we will present the available databases from the Serbian residential real estate market, as well as regulations that have been in place since the 2000s. By analyzing the trajectory in the long run of the housing credit share to GDP by using a Hodrick-Prescott one-sided filter with the parameter set to 400,000 and correlation and regression analysis, the paper's concluding part will determine whether there is a price bubble in this market segment. According to the analysis, there is currently no price bubble in Serbia's residential real estate market.https://scindeks-clanci.ceon.rs/data/pdf/0350-2120/2023/0350-21202350067M.pdfresidential real estatehousing loanfinancial stabilitylegal frameworkprice bubble |
| spellingShingle | Martin Vesna Residential real estate analysis in Serbia Anali Ekonomskog fakulteta u Subotici residential real estate housing loan financial stability legal framework price bubble |
| title | Residential real estate analysis in Serbia |
| title_full | Residential real estate analysis in Serbia |
| title_fullStr | Residential real estate analysis in Serbia |
| title_full_unstemmed | Residential real estate analysis in Serbia |
| title_short | Residential real estate analysis in Serbia |
| title_sort | residential real estate analysis in serbia |
| topic | residential real estate housing loan financial stability legal framework price bubble |
| url | https://scindeks-clanci.ceon.rs/data/pdf/0350-2120/2023/0350-21202350067M.pdf |
| work_keys_str_mv | AT martinvesna residentialrealestateanalysisinserbia |