Vliv stavebních projektů a makroekonomických změn na ceny nemovitostí a hypoteční trh

This thesis analyses the mortgage and real estate markets in the Czech Republic in light of recent legislative and macroeconomic changes. The core of the work lies in econometric modelling of the relationships between selected macroeconomic indicators and their impact on both target markets. The first part of the thesis provides the theoretical framework and an analysis of the selected macroeconomic variables. The second part focuses on recent legislative changes, including the deactivation of the DSTI indicator and the new Building Act, and discusses their potential effects on the markets. The practical part presents original econometric models using robust regression techniques, developed in the Python programming language and based on real-world time series data. The results indicate that the key determinants are average wages, interest rates, and the lagged value of property prices. Most of the findings are in line with economic theory and may serve as a basis for further research in this field.