Results of Georgia's Real Estate Market Development Policy

Abstract

The purpose of the study was to identify and assess the relationship between the specified, specific components of the main social values and policy factors for the development of the real estate market. The article defines the objectives of the economic policy for the development of the real estate market based on social values. The main public goals (values), on the basis of which the goals of the development of the real estate market are formed, are: freedom, justice, security and progress. The alignment of policy with these values determines its effectiveness. The study was conducted by interviewing respondents on questions formulated on the basis of the main social values. The responses received were processed by the SPSS computer program. The specification of the social values implemented in the study is shown by the target indicators of the program, such as: Cronbach's Alpha, RSquare and ANOVA Sig. The survey was conducted mainly in the professional social network https://www.linkedin.com/. The questionnaire was completed by 276 people. As a result of evaluating the answers received by potential and real participants in the real estate market to 15 questions of the questionnaire, the composition of respondents was identified: by age, income, property status, education, preferences and other characteristics. Evaluation of the results of the study showed us that the respondents have a correct attitude towards such policy instruments as systematic and sporadic registration of land plots. Based on the answers to 29 research questions, by processing the results with the help of a computer program, reliability indicators and models were obtained. According to the indicators of the models, it was revealed that the first, third and fourth models are reliable, consistent and highly correlated with basic social values (the first questions of the models). The conducted research confirmed the reliability and effectiveness of the economic policy for the development of the real estate market in Georgia. Keywords: Real estate market, economic policy, SPSS computer program.