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Tento článek vysvětluje efektivitu v kontextu realitního trhu, jak k neefektivitě přispívá neznalost trhu a díky tomu i například špatně provedený odhad tržní ceny. Poukazuje také na nedostatek vědeckých podkladů ohledně chování realitního trhu v České republice a nedostatek dat pro výzkum celkově. Nakonec navrhuje big data přístup pro hlubší a detailnější výzkum chování realitního trhu v kontextu prostoru a času. Příspěvek byl prezentován na konferenci JUFOS 2021. This article explains efficient-market hypothesis in the context of real estate market, what impact has an insufficient knowledge about the real estate market and how this may fail for the market value determination. It points out there are not enough scientific resources focused on the economic behavior of the real estate market in the Czech Republic. Finally, it proposes big data approach for the deeper and more detailed research of the real estate market behavior.

Thesis Specifics of the real estate market in European countries is divided into theoretical and practical part. The theoretical part discusses the terms associated with real estate and the real estate market, including the actual pricing of real estate and methods of real estate valuation. The practical part follows the application of knowledge focusing on five selected European countries, which are: the Czech Republic, the Slovak Republic, the Republic of Poland, the Federal Republic of Germany and the United Kingdom. Representative samples in the form of five cities are selected from these countries, namely: České Budějovice, Prešov, Jaworzno, Jena and Chester. In these cities, the offer prices of flats are examined, which are then evaluated and are the main basis for entering the final evaluation of the real estate market in selected European countries.

Článek pojednává o situaci na realitním trhu s rodinnými domy ve městě Břeclavi, resp. v jeho čtyřech částech. Zejména je zde zaznamenán vývoj počtu inzerátů, dále vývoj nabídkových cen a jejich vztah s kupními cenami. Statisticky je vyhodnocena doba trvání nabídky a koeficient redukce na pramen ceny. Trh s rodinnými domy v dané lokalitě byl sledován na realitním serveru Sreality.cz a na serveru Českého úřadu zeměměřického a katastrálního cuzk.cz v období od 30. října 2017 do 10. listopadu 2019. The paper deals with the situation on the real estate market with family houses in Břeclav, respectively in its four parts. In particular, the development of the number of advertisements, the development of bid prices and their relationship with purchase prices are recorded. The time on market and the reduction coefficient per source of price are statistically evaluated. The market for family houses in the locality was monitored on the real estate server Sreality.cz and on the server of the Czech Office for Surveying, Mapping and Cadastre cuzk.cz in the period from 30th October 2017 to 10th November 2019.

The main aim of the thesis is the comparison of the e-auction and the direct sale of apartments and to find answers to the research questions: Does the way of sale affect the price of the apartment? Are the prices higher in e-auction than in direct sales? In the theoretical part, the issue of auctions and direct sales is described and the development on the Czech real estate market is outlined. Analytical part analyzes data from e-auction and direct sale of apartements, and research questions are answered.

The aim of this thesis is analysing consumer behaviour while buying an apartment in E-auction. The analysis will be performed using a frequency of data, pivot tables and by moving average within 5 years period. The theoretical part will characterize basic terms of target marketing like segmentation, targeting and positioning. Furthermore, it will focus on auctions and different types of auctions. Then it will examine the current status of the real estate market in Prague and the whole Czech Republic. In the practical part the analysis of consumer behaviour in the E-auctions of apartments will be executed. Consumers will be divided into segments according to their demographic, geographic and behavioural criteria. In those segments will be analysed their behaviour while buying an apartment via E-auction.

This bachelor thesis discusses real estates as investment assets. In the beginning, I define in which part of the market is investor, considering real estate purchase, situated. Present situation on real estate and mortgage markets is specified afterwards. In the next parts, I describe typical real estate investor and give an example on his investment instrument, apartment in Prague city center. I state, enumerate and when possible optimize all the expenses that should be considered by investor. Next chapter is concerned by revenues. In the rest of the thesis, I perform and comment profitability calculations of particular scenarios.

The aim of my bachelor thesis is to evaluate the current situation on the real estate market in the Czech Republic. To find out if consumers are protected enough despite the lack of legislative rules governing the real estate market. If there is an easy accesible information about their rights and duties which are enshrined in the contract. The method of this evaluation is to compare the domestic real estate market with real estate markets in the European Union. Theoretical part is aimed on the history of legislative changes in the Czech Republic, changes which are due to come and about institutions for consumers protection. Practical part of my thesis contains the list of services which are provided by real estate agencies including conclusions of intermediation contracts, misleading and agressive business practices and connected cases in which consumers were damaged. The conclusion evaluates interviews with real estate agents from the Czech Republic and results of questionnaires which were done by real estate agents from selected European countries.

Bachelor thesis is about specifcs of negotiations at the real estate market. It shows the differences between the market at the Czech republic and USA. Also shows some options for making better current condition and offers a manual for effective working of real estate agents.

This study assess Prague real estate market from price level bubble existence point of view. For this purpose construct loglinear regression models for estimating price level of purchase and renting for several segments on the real estate market. These estimated price levels afterwards compare to theoretical price levels set by user cost concept, which employs fundamental factors such as capital costs, depreciation rates, personal income and property taxes, additional asset risk and expected capital gain. Study concludes that Prague real estate market does not currently experience positive price bubble, even one of the segments assess as underpriced.

The aim of this Diploma thesis is to characterize Hong Kong real estate bubble which reached its peak in 1988 and to analyze housing shortage in Hong Kong. The secondary objective is economic development of Hong Kong and urbanisation trends in 21st century. The thesis is divided into three parts. The first chapter introduces main theoretical urbanisation concepts. The second part deals Hong Kong economic development from 1842 till 2014. The third part analyzes formation and evolution of real estate bubble and housing shortage in Hong Kong.

This study deals with asset price bubbles and possible approaches for their identification. Afterwards focuses on real estate pricing mechanism and defines user cost or alternatively imputed rent as sum of all cash-flows connected to owning real estate property. These cash-flows consist of capital cost, depreciation rate, personal income and property taxes, additional asset risk and expected capital gain. Then we construct loglinear regression models for estimating recent price levels of purchase and renting for several segments on the real estate market. These estimated price levels after that compare with user costs. Comparison provides us with information about potential mispricing on Prague real estate market in examined segments. Study concludes that from long run point of view, all subjected segments are slightly underpriced.

The thesis deals with the real estate market research in the Czech republic, especially with the residential market. The main objectives are to create a survey about the development of the czech real estate and to identify and to introduce the main czech real estate specifics, to introduce and to compare selected real estate agencies and real estate servers. By using qualitative research there is defined behavior of the Czech people tending to buy or sell the realty. By using quantitative research, specifically by using questionnaire survey, there is examined knowledge of Czech real estate agencies and real estate servers and satisfaction with their services. This thesis also deals with the research of the the real estate perception. The objectives of these surveys are to identify behavior of the buyers and sellers, to identify their perspective and their knowledge of real estate agents. At the conclusion of the thesis there are shown the expert views on the current and future situation on the real estate market.

The aim of the thesis Real Estate Market of Russia is to analyze the real estate market in the Russian Federation with a deeper exploration activities of foreign investors in the Russian real estate market. Thesis theme is very topical and interesting, because among other things, examines the impact of the financial and economic crisis on the real estate market and changes in the interests of foreign investors in the Russian investment projects in real estate and interests of Russian companies abroad. Currently, the real estate market in the Russian Federation is developing very dynamically, it can be said that over the years of crisis and financial instability signed on aggregate supply and demand for real estate in Russia very little. However, at the moment it is merely a statement - proof of this statement is to provide this thesis. The thesis analyzes not only the interest of foreign investors in the real estate market of Russia, but also the interest of Russian investors in the Czech real estate market. Already in the nineties of the twentieth century has seen a significant interest of Russian citizens on housing and commercial real estate in the Czech Republic. It is interesting to explore whether this interest persists to this day and the extent to which the Czech real estate owned by Russian citizens or legal entities whose members are Russian citizens. Another objective of this thesis is to evaluate the real estate market in Russia, with a focus on international development company. This objective will be gradually implemented through the analysis of the current real estate market and evaluate the activities of foreign investors of their share of development projects. The operational objective of the thesis is to evaluate the interests of the citizens of the Russian Federation on real estate in foreign countries (for example, the Czech Republic). Czech Republic was chosen as analyzed state due to good orientation of the author of the thesis in the Czech environment and find out the appropriate options detailed information about the problem. Sub-objectives will be achieved through a detailed analysis of the statistical data of the Czech Statistical Office and also the author's own analysis carried out "in the field". The main hypothesis of this thesis is the claim that the interest of foreign developers in the Russian real estate market is increasing. During the meeting the objectives of the thesis should be stated hypothesis to prove or disprove. The methodological basis of the thesis will consist primarily statistical analysis of data from the Czech Statistical Office and the Russian Federal Statistics Service, as well as data from the media and Russian companies. After selecting the appropriate data and information to analyze existing and ongoing development of real estate markets. Another method used in this thesis, the method of synthesis. With the synthesis of the work will examine the influence of individual factors (financial crisis, negative fluctuations in the economy of Russia, migration processes in Russia) on the real estate market of Russia. In the context of the activities of Russian citizens in the real estate market in the Czech Republic to examine the impact of the liberalization of laws and overall trends in immigration and migration policy of the Czech Republic in question increased interest of Russian investors in real estate projects. The work is logically divided into two parts: theoretical and practical. The theoretical part is focused on general characterization of the terms used in the thesis and their relationships. The theoretical part is to explain the main factors affecting the price of real estate and its variations. The practical part of the thesis focuses on the description and analysis of the current state of the property market in Russia and the Czech Republic. Among other things, describes the current development and privatization processes in Russia in 1990 - 2000. These analyzes and research are part of the practical part.

The goal of this thesis is to analyze the current status of the Czech real estate market and to assess the outlook of the Czech real estate market to year 2016. The analysis will be performed using a strategic outlook as well as a competition benchmark. The prognosis of the future development of the Czech real estate market will be assessed by developing a comprehensive model capturing the development of revenues on the real estate market. From the public policy's point of view, this is a very up-to-date topic to analyze, as the real estate market is an important barometer of economic outlook in any country. The troubles that were brought by the US mortgage crisis have undoubtedly affected the situation on the real estate market in the Czech republic. The theoretical part of this work will characterize used definitions, such as public policy, economic cycle, economic crisis, real estate market, real estate market bubble, mortgage crisis etc. In the analytical part of this work I shall develop a model that captures the development of the Czech real estate market with focus on parameters of realized transactions in the given year and the development of prices. To evaluate the current situation of the market I shall conduct a strategic analysis and the estimated future development will be captured by conducting a regression analysis using historic data to estimate the development to year 2016.

The thesis is focused on the area of personal finance and discusses the financing possibilities of an apartment for further renting. The thesis describes the construction of saving products and mortgage loans, law regulation, risks associated with doing business in this field and static as well as analytical methods for assessing investments. The practical part evaluates benefits of investing in a particular apartment in terms of both the above mentioned methods.

In the first chapter, the thesis states main features of international trade in oil. The second chapter is focused on the historical developments of world oil production, particularly on three oil shocks and the stagnation since 2005. The last chapter compares the impacts on real GDP growth, current account and real estate market in Czech Republic, USA and Japan.

This work is focused on relationships between real estate and mortgage market. It deals with the issue of how banks affect real estate market by providing loans to developers companies to building-up and retail customers to purchase real estate. Work also describes the facts that the markets have occurred in 2007-2010, analyzing the causes of these facts and examines the behaviour of organizations, which markets perform.

This diploma work is about real estate market in the Czech Republic and Great Britain. For comparison of these two markets and understanding how the current economic crisis has influenced them, I tried to compare the following indicators: house prices, inflation, average earnings, balance of trade, interest rates, homeownership and mortgage approvals. Housing bubbles in the USA have deliberately created the damage inflicted by companies shifting production abroad in an attempt to boost profits. As these bubbles burst, economic growth in many developed countries will inevitably tumble. Interviews with real estate and development Company in the Czech Republic and Great Britain helped me find out trends affecting property investment and its potentials. The marked factors which, I believe, will affect property investment prices now and in the future, are socio-economic trends, demographics, infrastructure, jobs and regeneration of the area. The property market has been changed from the market of supplier to the market of demander. Real estate and development Companies have to change their way of selling and offer complex and professional services. It is expected the real estate market will recovery slowly.

Diplomová práce pojednává o aplikaci benchmarkingu z pozice Realitní společnosti České spořitelny. V teoretické části práce je popsán celkový proces strategického řízení, z kterého benchmarking vychází. Poté je dán teoretický základ samotného benchmarkingu (postup, druhy, výhody, nevýhody). V praktické části práce je nastíněna situace Realitní společnosti České spořitelny na realitním trhu, její největší slabiny a je zvolen benchmark pro porovnání. Po samotné aplikaci benchmarkingu (finančního i nefinančního) jsou vyvozeny závěry a doporučení, které by měly vést ke zvýšení výkonnosti společnosti.