Comparative Analysis of Real Estate Markets in the Russian Federation and the Czech Republic

Bc. Ksenia Timasheva, BA

Master's thesis

Abstract:

The aim of the thesis is to observe theoretical fundamentals of real estate market and its functions, to detect factors which influence the real estate market the most, and observe the situation of the real estate markets in the Russian federation and the Czech Republic.The first part of work deals with the theoretical aspects which are considered to be the definition of real estate market in general. Basics of mortgage markets, its objects and subjects and consequences of world mortgage crisis were considered. The theoretical part is written by the method of the analysis of literature, articles and online sources. The practical part is devoted to the analysis of real estate markets in certain countries which are the Russian Federation and the Czech Republic. To make it more precise for the analysis were chosen two capital cities - Moscow and Prague. Basic economic overviews of the countries together with the indexes of factors influencing real estate market (GDP, Inflation rate, etc.) were researched. Besides, the analysis of housing in most expensive parts in both cities was provided. In the analysis types of apartment, size, price per square meter, and price of apartment were taking into account. In the end the comparison of cities were made and the important ratios such as Price to Income Ratio, Price to Rent Ratio, Gross Rental Yield, were counted and analysed. Finally, strengths and weaknesses of the real estate markets in both countries have been identified.

Keywords

market, properties, Russia, real estate, Czechia

Language used: English

Date on which the thesis was submitted / produced: 29. 3. 2018

Thesis defence

• Supervisor: Ing. Petr Procházka, MSc Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme / field:
Economics and Management / Economics and Management