Macroeconomic variables influencing housing prices in Vilnius

The way macroeconomic variables such as unemployment/GDP per capita/inflation/wages/internal migration influenced housing prices (nominal house prices and housing rent prices) in Vilnius in 2006–2019 has been investigated in the research. Conditions under which different macroeconomic variables cou...

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Autores principales:	Alfredas Laurinavičius, Antanas Laurinavičius, Algimantas Laurinavičius
Formato:	article
Lenguaje:	EN
Publicado:	Vilnius Gediminas Technical University 2021
Materias:	nominal house prices housing rent prices rental yield internal migration stock price index Management. Industrial management HD28-70 Finance HG1-9999
Acceso en línea:	https://doaj.org/article/d11afc246fbc47a2852d65998e480e43
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spelling	oai:doaj.org-article:d11afc246fbc47a2852d65998e480e432021-12-02T16:03:55ZMacroeconomic variables influencing housing prices in Vilnius10.3846/ijspm.2021.159611648-715X1648-9179https://doaj.org/article/d11afc246fbc47a2852d65998e480e432021-12-01T00:00:00Zhttps://bjrbe.vgtu.lt/index.php/IJSPM/article/view/15961https://doaj.org/toc/1648-715Xhttps://doaj.org/toc/1648-9179 The way macroeconomic variables such as unemployment/GDP per capita/inflation/wages/internal migration influenced housing prices (nominal house prices and housing rent prices) in Vilnius in 2006–2019 has been investigated in the research. Conditions under which different macroeconomic variables could influence housing prices were established in the research. Lower unemployment, higher GDP per capita and inflation rate were all related to higher nominal house prices in Vilnius. Higher GDP per capita, wages and internal migration were positively related to housing rent prices in Vilnius. Analyzed macroeconomic variables all together explained 88 percent of variance of nominal house prices in Vilnius over the period of 2006–2019 and 80 percent of variance of housing rent prices in Vilnius over the same period. First published online 02 December 2021 Alfredas LaurinavičiusAntanas LaurinavičiusAlgimantas LaurinavičiusVilnius Gediminas Technical Universityarticlenominal house priceshousing rent pricesrental yieldinternal migrationstock price indexManagement. Industrial managementHD28-70FinanceHG1-9999ENInternational Journal of Strategic Property Management (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	nominal house prices housing rent prices rental yield internal migration stock price index Management. Industrial management HD28-70 Finance HG1-9999
spellingShingle	nominal house prices housing rent prices rental yield internal migration stock price index Management. Industrial management HD28-70 Finance HG1-9999 Alfredas Laurinavičius Antanas Laurinavičius Algimantas Laurinavičius Macroeconomic variables influencing housing prices in Vilnius
description	The way macroeconomic variables such as unemployment/GDP per capita/inflation/wages/internal migration influenced housing prices (nominal house prices and housing rent prices) in Vilnius in 2006–2019 has been investigated in the research. Conditions under which different macroeconomic variables could influence housing prices were established in the research. Lower unemployment, higher GDP per capita and inflation rate were all related to higher nominal house prices in Vilnius. Higher GDP per capita, wages and internal migration were positively related to housing rent prices in Vilnius. Analyzed macroeconomic variables all together explained 88 percent of variance of nominal house prices in Vilnius over the period of 2006–2019 and 80 percent of variance of housing rent prices in Vilnius over the same period. First published online 02 December 2021
format	article
author	Alfredas Laurinavičius Antanas Laurinavičius Algimantas Laurinavičius
author_facet	Alfredas Laurinavičius Antanas Laurinavičius Algimantas Laurinavičius
author_sort	Alfredas Laurinavičius
title	Macroeconomic variables influencing housing prices in Vilnius
title_short	Macroeconomic variables influencing housing prices in Vilnius
title_full	Macroeconomic variables influencing housing prices in Vilnius
title_fullStr	Macroeconomic variables influencing housing prices in Vilnius
title_full_unstemmed	Macroeconomic variables influencing housing prices in Vilnius
title_sort	macroeconomic variables influencing housing prices in vilnius
publisher	Vilnius Gediminas Technical University
publishDate	2021
url	https://doaj.org/article/d11afc246fbc47a2852d65998e480e43
work_keys_str_mv	AT alfredaslaurinavicius macroeconomicvariablesinfluencinghousingpricesinvilnius AT antanaslaurinavicius macroeconomicvariablesinfluencinghousingpricesinvilnius AT algimantaslaurinavicius macroeconomicvariablesinfluencinghousingpricesinvilnius
_version_	1718385300193935360

Macroeconomic variables influencing housing prices in Vilnius

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