Publication detail

DIFFERENCE BETWEEN THE REAL ESTATE OFFER AND SALE PRICES IN THE CZECH REPUBLIC

OBLOUKOVÁ, A. VÍTKOVÁ, E.

Original Title

DIFFERENCE BETWEEN THE REAL ESTATE OFFER AND SALE PRICES IN THE CZECH REPUBLIC

Type

article in a collection out of WoS and Scopus

Language

English

Original Abstract

The paper deals with the issue of the difference between the real estate offer and sale prices in the Czech Republic. More precisely, the research focuses on real estate in the city of Brno. The city of Brno is the second largest city in the Czech Republic. It is divided into 29 city districts. The research is based on data collection. Data related to offer prices was collected from an Internet source www.sreality.cz, data related to sale prices was retrieved from a database run by the Czech Chamber of Appraisers using data from the 2018-2020 period (always the period from July to October). A survey was carried out based on 1,295 samples of real estate on offer and 67 samples of real estate actually sold were collected. Flats of various categories were monitored within the real estate market (1-room flat, 2-room flat, 3-room flat, 4-room flat), the distance from the Brno city centre was monitored as well. The condition of the flat (new building, very good condition, good condition, after reconstruction) and the type of building material (brick, panel) was also taken into account. Only 5 city districts were included into the research due to the difficulties with data collection dealing with the difference between the real estate offer and sale price. The presented research aims to quantify the difference between the real estate offer price and sale price, where various parameters were monitored (distance from the centre, flat category, type of material, technical condition of the flat). Mathematical methods of a simple arithmetic average were used for the calculation.

Keywords

Czech Republic, Real Estate, Offer Price, Sale Price

Authors

OBLOUKOVÁ, A.; VÍTKOVÁ, E.

Released

21. 10. 2021

Publisher

Varazdin Development and Entrepreneurship Agency and University North

Location

Varazdin, Croatia

ISBN

1849-7535

Periodical

Book Series: International Scientific Conference on Economic and Social Development

Year of study

73

State

Republic of Croatia

Pages from

9

Pages to

19

Pages count

11

URL

https://www.esd-conference.com/past-conferences

BibTex

@inproceedings{BUT176416,
  author="Aneta {Oblouková} and Eva {Vítková}",
  title="DIFFERENCE BETWEEN THE REAL ESTATE OFFER AND SALE PRICES IN THE CZECH REPUBLIC",
  booktitle="73rd International Scientific Conference on Economic and Social Development – {"}Sustainable Tourism in Post-pandemic World{"}, Book of Proceedings",
  year="2021",
  journal="Book Series: International Scientific Conference on Economic and Social Development",
  volume="73",
  pages="9--19",
  publisher="Varazdin Development and Entrepreneurship Agency and University North",
  address="Varazdin, Croatia",
  issn="1849-7535",
  url="https://www.esd-conference.com/past-conferences"
}