Naslov
Capital Market vs. Real Estate Market – Investment Aspect

Autori
Učkar, Dean ; Benazić, Manuel ; Vukelić, Adam

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Economic and Social Development (Book of Proceedings), 6th ITEM Conference - "Innovation, Technology, Education and Management" and 67th International Scientific Conference on Economic and Social Development Development / Djukec, Damira ; Klopotan, Igor ; Burilovic, Luka - Varaždin : Koprivnica : Varšava : Rabat : Čakovec : Zagreb : VADEA ; Sveučilište Sjever, 2021, 60-67

Skup
67th International Scientific Conference on Economic and Social Development ; 7th ITEM Conference: "Innovation, Technology, Education and Management"

Mjesto i datum
Sveti Martin na Muri, Hrvatska, 29.04.2021. - 30.04.2021

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Capital market, Real estate market, Efficient frontier

Sažetak
The basic goal of this paper is to compare the Croatian capital market and the real estate market from the perspective of a potential investor. For this purpose, a sample of shares from the Zagreb Stock Exchange was selected as a representative of the capital market, and different types of real estate were selected as a representative of the real estate market. The investor aspect involves a portfolio approach to determine the relationship between expected rates of return and risk, and this is done here by setting efficient frontiers. By comparing the efficient frontiers for these two markets, it was found that the real estate market allows more efficient investments, and it is located northwest of the efficient frontier composed of investing in stocks. Moreover, a specific declining form of the efficient frontier of real estate investments has been established, suggesting the possibility of achieving higher rates of return with lower rates of risk.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA