Development of the Office Space Prices on the Czech Market

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F46747885%3A24310%2F23%3A00011674" target="_blank" >RIV/46747885:24310/23:00011674 - isvavai.cz</a>
Result on the web
<a href="https://doi.org/10.15240/tul/009/lef-2023-60" target="_blank" >https://doi.org/10.15240/tul/009/lef-2023-60</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.15240/tul/009/lef-2023-60" target="_blank" >10.15240/tul/009/lef-2023-60</a>

Result language
angličtina
Original language name
Development of the Office Space Prices on the Czech Market
Original language description
The development of the commercial real estate market plays an important role in the financial stability of the country, particularly through the level of lending by companies operating in this area. This paper analyses the price development of the Commercial Real Estate Capital Value Index (CRECVI) in the Czech market over the years to 2022. Specifically, the office market was analysed. As part of the cointegration analysis, an ADL model is constructed to describe how commercial real estate prices respond to changes in selected macroeconomic indicators. The results of the analysis show that office space prices are mainly influenced by the evolution of gross domestic product, unemployment and the level of inflation and interest rates.
Czech name
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Czech description
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Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 16th International Conference Liberec Economic Forum 2023
ISBN
978-80-7494-672-1
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
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Publisher name
Technical Univ Liberec
Place of publication
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Event location
Liberec
Event date
Jan 1, 2023
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
001582505100060

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