Abstract:

The literature offers numerous analyses of factors that influence the development of the residential real estate market. A number of theories have been supported by empirical studies and practice providing evidence that macroeconomic conditions and other market-related factors have versatile influence on behavior and decisions made by residential market actors, including their decisions to invest. This multitude of factors and effects they produce require research into current market conditions and short- and long-term forecasts for the market. The analysis and assessment of market conditions and consumer behavior, together with drawing conclusions and producing more or less plausible property market development scenarios, seem to be particularly important in a period of economic disturbances.