Influence of Macroeconomic Factors on Prices of Real Estate in Various Cultural Environments: Case of Slovenia, Greece, France, Poland and Norway

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• 作者：Bojan Grum^a ; ^{grumbojan@gmail.com" class="auth_mail" title="E-mail the corresponding author} ; Darja Kobe Govekar^b
• 关键词：Real estate ; Slovenia ; Poland ; Greece ; Norway ; prices of real estate ; macroeconomic factors
• 刊名：Procedia Economics and Finance
• 出版年：2016
• 出版时间：2016
• 年：2016
• 卷：39
• 期：Complete
• 页码：597-604
• 全文大小：156 K

文摘

Based on the multiple linear regression model, we investigating which of the observed macroeconomic factors: the unemployment rate, the current account of the country stock index, gross domestic product and industrial production are significantly associated with property prices in relation to the different cultural environments: Slovenia, Greece, France, Poland and Norway. We found that there are statistically significant correlations between the prices of residential real estate and selected macroeconomic factors. The results show a distinct pattern that applies to France, Greece, Norway and Poland, where the price of real estate observed statistically significantly associated with unemployment. In the case of Slovenia, the results show that a statistically significant relationship reflects only to a share index. That is illustrated by the finding that prices in Slovenia on an annual basis, between the observed cultural environments in the observed time interval, most declined.