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Title:Cycles of the housing market in Hungary form the economic crisis until today
Authors:Harnos, László (Author)
Files:.pdf Nase_gospodarstvoOur_economy_2018_Harnos_Cycles_of_the_Housing_Market_in_Hungary_from_the_Economic_Crisis_until_Today.pdf (292,19 KB)
URL http://content.sciendo.com/view/journals/ngoe/64/2/article-p3.xml
Work type:Scientific work (r2)
Typology:1.01 - Original Scientific Article
Organization:EPF - Faculty of Business and Economics
Abstract:The main aim of this paper is to identify the underlying reasons for the cyclical nature of the Hungarian housing market, in particular the business cycles, the construction, and market participants’ expectations. Our research was conducted based on analysis of statistical data and of the housing market indices. As a result, it can be stated that cyclic behaviour of the housing market may be explained primarily with business cycles, but state subsidies and mortgages also affect the variations. Accordingly, the increasing lending and the high amount of subsidies can generate a price bubble. The supply of second-hand dwellings looks more flexible compared with that of new ones. However, the expectations of market operators do not have a demonstrable effect on the housing market.
Keywords:property market, housing market cycles, asset price bubble
Year of publishing:2018
Number of pages:str. 3-14
Numbering:št. 2, Letn. 64
ISSN on article:0547-3101
COBISS_ID:13061148 Link is opened in a new window
DOI:10.2478/ngoe-2018-0007 Link is opened in a new window
License:CC BY-NC-ND 4.0
This work is available under this license: Creative Commons Attribution Non-Commercial No Derivatives 4.0 International
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Record is a part of a journal

Title:Naše gospodarstvo
Shortened title:Naše gospod.
Publisher:Ekonomsko-poslovna fakulteta Univerze v Mariboru, Društvo ekonomistov Maribor, Ekonomski center Maribor, Sciendo
COBISS.SI-ID:751364 New window

Secondary language

Title:Cikli stanovanjskega trga na Madžarskem od ekonomske krize do danes
Abstract:Ključni cilj tega članka je prepoznati osnovne razloge za ciklični značaj madžarskega stanovanjskega trga, še posebej poslovnih ciklov, gradbenih projektov in pričakovanj tržnih udeležencev. Raziskava temelji na analizi statističnih podatkov in indeksov stanovanjskega trga. Izsledki raziskave kažejo, da je cikličnost stanovanjskega trga možno pojasniti pretežno s poslovnimi cikli, vendar državne subvencije in hipoteke prav tako vplivajo na variacije. Torej lahko naraščajoče posojanje in visok znesek subvencij ustvarjata cenovni balon. Ponudba rabljenih stanovanj izkazuje večjo prilagodljivost kot ponudba novih stanovanj. Kakorkoli, pričakovanja tržnih udeležencev nimajo jasnega učinka na stanovanjski trg.
Keywords:gospodarstvo, nepremičnine, nepremičninski trg, gospodarska kriza, trg nepremičnin, cikli stanovanjskega trga, cenovni balon dobrin


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  1. Naše gospodarstvo


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