Būsto kainų burbulo sprogimas - problemos vertinimas

Belinskaja, Larisa; Rutkauskas, Virgilijus

doi:10.15388/ekon.2007.17620

Cited by 7 publications

(3 citation statements)

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“…Būstas yra mažai likvidus turtas (Leika, Valentinaitė 2007). Šiai nuomonei pritaria Rutkauskas ir Belinskaja, kurie tvirtina, kad nekilnojamojo turto realizavimas gali trukti nuo kelių mėnesių iki metų ir daugiau (Rutkauskas, Belinskaja 2007).…”

Section: Fig 3 Households' Credit Systemunclassified

Systematic Approach to Households Housing Credits‘ Analysis

Milerytė

Jurevičienė

2010

Mokslas - Lietuvos Ateitis

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This paper discusses housing financing process using the system approach, including the influence of external factors such as economic, social, competitive and legal environment. The article presents the characteristics of participants of the housing crediting system and interrelationship between them that helps to describe the influence of the elements to each other ant for the system in whole. The main housing financing systems, used in foreign countries, are discussed.

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Section: Fig 3 Households' Credit Systemunclassified

Systematic Approach to Households Housing Credits‘ Analysis

Milerytė

Jurevičienė

2010

Mokslas - Lietuvos Ateitis

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“…Average increases in the costs of apartments in the country's larger cities had grown 50%, and as high as 120% in certain segments in one year. The fourth stage (marked by the dashed expectations concerning the introduction of the Euro) was seen as a period of stabilisation in the real estate market (Galinienė, 2005;Galinienė et al, 2006;Belinskaja and Rutkauskas, 2007).…”

Section: Development Of the Housing Marketmentioning

confidence: 99%

“…Many authors have performed analyses of the cost of housing and affordability to clarify their causality and cointegration with various economical factors (see e.g. Coulson and Kim, 2000;Gallin, 2006;Kapopoulosa and Siokis, 2005;Sanders, 2005;Mayer, 1981;Benito, 2006;Richardson and Thalheimer, 1982;Nazem and Guy, 1982;Linneman, 1980;Brown et al, 1997;Pain and Westaway, 1997;Kenny, 1999;Ambrasas and Stankevičius, 2007;Belinskaja and Rutkauskas, 2007;Case and Shiller, 1990;Liu et al, 2002;Chiang et al, 2005;Keskin, 2008;Kryvobokov and Wilhelmsson, 2007;Luo et al, 2007).…”

Section: Introductionmentioning

confidence: 99%

Analysis of the Housing Market in Lithuania

Ivanauskas

Eidukevičius

Marčinskas

et al. 2008

International Journal of Strategic Property Management

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Cointegration and Granger causality tests were used for the statistical analyses of the housing market in Lithuania. The relationship between the cost of housing and afford‐ability on the one hand, and interest rates, GDP and average incomes on the other was not proven to exist using the given statistical methods. The period of increase in the cost of housing in Lithuania over the last five years is exceptional and difficult to explain using fundamental economic factors and their fluctuation trends alone. The cost of housing has made a clear departure from the economic (business) cycle; the economy has grown, however at a much slower rate than rising costs in the housing market. The reasons for this situation are record lows in interest rates, good conditions to gain financing, the liberalisation of financial markets, speculative attitudes in expectation of the introduction of the Euro, and a divide between the supply and demand of housing that is available. It should be noted that the evaluation of the influence of these factors on fluctuations in costs in the housing market is more hypothetical in nature. Santrauka Nekilnojamojo turto rinkos Lietuvoje statistinei analizei buvo naudojami kointegravimo ir Grangerio priežastingumo testai. Taikant esamus statistinius metodus nebuvo įrodyta, kad egzistavo ryšys tarp nekilnojamojo turto kainos ir įperkamumo, viena vertus, ir palūkanų normų, BVP bei vidutinių pajamų, kita vertus. Nekilnojamojo turto kainos Lietuvoje didėjimo per pastaruosius penketą metų laikotarpis yra išskirtinis ir sunkiai paaiškinamas remiantis vien pagrindiniais ekonominiais veiksniais ir jų svyravimų tendencijomis. Nekilnojamojo turto kaina aiškiai nukrypo nuo ekonomikos (verslo) ciklo; ekonomika išaugo, tačiau gerokai lėtesniu tempu nei augančios kainos nekilnojamojo turto rinkoje. Šios situacijos priežastys – rekordiškai mažos palūkanų normos, geros sąlygos gauti fi nansavimą, fi nansų rinkos liberalizavimas, spekuliaciniai požiūriai tikintis įsivesti eurą ir takoskyra tarp esamo nekilnojamojo turto pasiūlos ir paklausos. Pažymėtina, kad šių veiksnių įtakos kainų svyravimo nekilnojamojo turto rinkoje įvertinimas yra labiau hipotetinis.

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Nekilnojamojo turto sektoriaus krizės prevencijos sprendimų paramos sistemos sukūrimas

Kazokaitis¹

2015

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Būsto kainų burbulo sprogimas - problemos vertinimas

Cited by 7 publications

References 0 publications

Systematic Approach to Households Housing Credits‘ Analysis

Systematic Approach to Households Housing Credits‘ Analysis

Analysis of the Housing Market in Lithuania

Nekilnojamojo turto sektoriaus krizės prevencijos sprendimų paramos sistemos sukūrimas

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