Naslov
Real estate market in Croatia and its potential for Russian investors

Autori
Lovrinčević, Željko ; Mikulić, Davor ; Vizek, Maruška

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, neobjavljeni rad, znanstveni

Skup
Russia's Neighborhood Policy

Mjesto i datum
Moskva, Ruska Federacija, 12.10.2007. - 13.10.2007

Vrsta sudjelovanja
Pozvano predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
real estate prices; transition economies; economic convergence

Sažetak
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.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA