Real estate market in Croatia and its potential for Russian investors (CROSBI ID 533167)
Neobjavljeno sudjelovanje sa skupa | neobjavljeni prilog sa skupa | međunarodna recenzija
Podaci o odgovornosti
Lovrinčević, Željko ; Mikulić, Davor ; Vizek, Maruška
engleski
Real estate market in Croatia and its potential for Russian investors
In this paper we explore the dynamics of Croatian real estate market and the participation of Russian investors in it. The participation of Russian investors is analyzed in context of number of formal applications filed by Russian citizens for acquiring real estate in Croatia. The overall demand (domestic and foreign) and supply side factors driving growth of real estate prices in Croatia are estimated using cointegration and error correction model. Then, in the context of economic convergence of Croatian economy and with the knowledge of factors important for growth of real estate prices, we discuss possible future price dynamics and its importance for Russian investors.
real estate prices; transition economies; economic convergence
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Podaci o prilogu
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Podaci o skupu
Russia's Neighborhood Policy
pozvano predavanje
12.10.2007-13.10.2007
Moskva, Ruska Federacija