Analýza vývoje trhu bytových nemovitostí v České republice od roku 1997 do současnosti

The aim of the thesis is to analyze the development of the housing market in the Czech Republic from 1997 to the present. The work will analyze selected economic parameters of the real estate market as well as selected macroeconomic indicators and will subsequently analyze their mutual correlations. Development in the housing market is firmly connected to the overall economic situation in the Czech Republic. The global financial and subsequent economic crisis caused mortgage and investment crisis in Europe that had a widespread impact in real estate market. These consecutive crises caused a change in the market, which until then provide loans or mortgages for the purchase or construction of residential real estate. Owing to this, building industry is in deep depression because there is not enough financial resources, as there used to be in the market before the financial and economic crises. The subject of the theoretical part of the thesis is to outline several key economic theories relating to the real estate market, e. g. the theory of regulation, the theory of state intervention, the theory of market and government failures and others. The thesis will state several macro-economic concepts and terms related in particular to the real estate market. The practical part of the thesis will be divided into three main chapters. The first chapter will analyze the residential real estate market in a given time period, examining the development of selected economic parameters such as the average selling price per m2 of floor space, the cost of renting an apartment per m2 of floor area, number of dwellings started and completed, and more. The second chapter will examine the development of macroeconomic indicators in the same time period. The practical part shall then finish with a chapter examining mutual correlation of parameters accrued from the analyses in the previous two chapters.