The aim of this bachelor's thesis is to analyze the relationship between mortgage interest rates and real estate prices in the Visegrad Group countries during the period 2012–2022. The theoretical part describes the mechanisms through which mortgage interest rates influence real estate prices, the functioning of the real estate market, and an overview of the development of real estate markets in the individual Visegrad Group countries. The empirical part presents three econometric models, i... zobrazit celý abstraktThe aim of this bachelor's thesis is to analyze the relationship between mortgage interest rates and real estate prices in the Visegrad Group countries during the period 2012–2022. The theoretical part describes the mechanisms through which mortgage interest rates influence real estate prices, the functioning of the real estate market, and an overview of the development of real estate markets in the individual Visegrad Group countries. The empirical part presents three econometric models, including their modifications, using the fixed effects method. The primary hypothesis, which assumes a negative relationship between mortgage interest rates and real estate prices, is subsequently confirmed. The results indicate that an increase in interest rates leads to a decrease in real estate prices. Furthermore, the empirical analysis reveals a statistically significant positive effect of average income and a negative effect of inflation on real estate prices, while housing construction and population size appear to be insignificant factors. |