SITUATION IN THE REAL ESTATE MARKET IN THE CONTEXT OF ECONOMIC CYCLICALITY

Mairis Stapulonis

Abstract


The study “Situation in the Real Estate Market in the Context of Economic Cyclicality” analyzes the literature on economic cyclicality, looking at various theories and studies that differently characterize the lengths, phases and influencing factors of economic cycles. The study of economic cyclicality also mentions indicators that affect the recession phase or crisis. It is the economic crisis and the interaction between the real estate market that is discussed in the second part of the paper, where the economic crisis and its aspects in 2008 in Latvia are described. The concluding part contains general information about the current situation in the real estate market in Latvia, analyzing the situation related to possible crisis threats, which are alarmed by the media and which cause both vigilance and concern for the Latvian population.

Keywords


crisis; economic cycles; real estate

Full Text:

PDF

References


Bikse, V. (2007). Ekonomikas teorijas pamatprincipi. Rīga: Izglītības soļi. 454 lpp.

Burns, A. F., Mitchell, W.C. (1946). Measuring business cycles. New York: National Bureau of Economic Research. 560 p.

Christensen, L., Rasmussen, L. (2007). New Europe: A Warning Not Be Ignored. Danske Bank.

Eiropas Centrālā banka (2019). Eurosistēmas speciālistu makroekonomiskās iespēju aplēses euro zonai. 20 lpp. https://datnes.latvijasbanka.lv/ecb/ecb-projections201906-eurosystemstaff_lv.pdf, sk. 10.01.2020.

Geipele, S. (2014). Nekustamā īpašuma tirgus attīstības vadīšanas sistēma Latvijā. [Monogrāfija]. Rīga: RTU Izdevniecība. 228 lpp. doi:10.7250/9789934107610

Jowsey, E. (2011). Real Estate Economics. UK: Palgrave Macmillan. 520 p.

Reinhart, C.M., Rogoff, K.S. (2009). The Aftermath of Financial Crises. American Economic Review, 99 (2), pp.466-472. DOI: 10.1257/aer.99.2.466

Samuelson, P. A., Nordhaus, W. D. (2009). Macroeconomics. 19th ed. NY: McGraw-Hill. 744 p.

SIA Arco Real Estate (2019). Tirgus pārskati. www.arcorealestate.lv, sk. 10.01.2020.

SIA Latio (2019). Mājokļu tirgus pārskats. www.latio.lv, sk. 14.01.2020.




DOI: https://doi.org/10.17770/iss2020.6690

Refbacks

  • There are currently no refbacks.


Copyright (c) 2021 Mairis Stapulonis