IDEAS home Printed from https://ideas.repec.org/a/brv/almnch/v10y2018i4p19-29.html
   My bibliography  Save this article

The Factors Affecting Rent Versus Buy Decisions And Implication For The Housing Market In Slovakia

Author

Listed:
  • Martina Fehérová

    (Faculty of National Economy, University of Economics in Bratislava)

Abstract

The prices of properties rose sharply and the mortgage interest rates decreased gradually. Young people aged 20-35, usually the potential first-time buyers are facing the decision whether to purchase an accommodation or to live in a rented property. Many first-time buyers prefer to live in a rented property according to the flexibility which this option offers. On the other hand, the mortgage interest rates reached historical minima lately, therefore mortgages became attractive for many young people who desired to own a dwelling. Slovak real estate market has been recently facing relative boom, related primarily to its belated onset until roughly the turn of the millennium, compared with house prices worldwide. The model is real example from the practice which comparing the advantages and disadvantages of the decision of accommodation purchase or renting.

Suggested Citation

  • Martina Fehérová, 2018. "The Factors Affecting Rent Versus Buy Decisions And Implication For The Housing Market In Slovakia," Almanach (Actual Issues in World Economics and Politics), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 13(4), pages 19-29.
    • Handle: RePEc:brv:almnch:v:10:y:2018:i:4:p:19-29
    as

    Download full text from publisher

    File URL: https://fmv.euba.sk/RePEc/brv/almnch/A2018-4.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Anonymous, 1965. "International Labor Organization," International Organization, Cambridge University Press, vol. 19(1), pages 131-137, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fiaz Ahmad Sulehri & Saba Sharif, 2022. "The Impact of Firm Sustainability on Firm Growth: Evidence from USA," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(2), pages 1-15, August.
    2. Christos Genakos & Ioannis Kaplanis & Maria Theano Tagaraki & Aggelos Tsakanikas, 2023. "Firm Resilience and Growth during the Economics Crisis: lessons from the Greek depression," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 186, Hellenic Observatory, LSE.
    3. Jie Wu & Steven Si & Zhiyang Liu, 2022. "Entrepreneurship in Asia: Entrepreneurship knowledge when East meets West," Asian Business & Management, Palgrave Macmillan, vol. 21(3), pages 317-342, July.
    4. Viktor Protsevsky, 2018. "Social Partnership Acts As A Legal Form For Implementing The Results Of Social Dialogue," Almanach (Actual Issues in World Economics and Politics), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 13(4), pages 52-61.
    5. Denicolai, Stefano & Zucchella, Antonella & Magnani, Giovanna, 2021. "Internationalization, digitalization, and sustainability: Are SMEs ready? A survey on synergies and substituting effects among growth paths," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    6. repec:aud:audfin:v:20:y:2018:i:48:p:454 is not listed on IDEAS
    7. Rizwan Raheem Ahmed & Jolita Vveinhardt & Dalia Streimikiene, 2018. "The Direct and Indirect Impact of Pharmaceutical Industry in Economic Expansion and Job Creation: Evidence from Bootstrapping and Normal Theory Methods," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 20(48), pages 454-454.
    8. Christos, Genakos & Kaplanis, Ioannis & Tagaraki, Maria Theano & Tsakanikas, Aggelos, 2023. "Firm resilience and growth during the economics crisis: lessons from the Greek depression," LSE Research Online Documents on Economics 119705, London School of Economics and Political Science, LSE Library.
    9. Alexander Kramer & Dominik K. Kanbach, 2023. "Relationship-building in the post-acceleration phase of corporate accelerators: empirical evidence from Germany," International Entrepreneurship and Management Journal, Springer, vol. 19(2), pages 755-779, June.
    10. Ľudmila Lipková, 2018. "Some Theoretical Issues Of Defining Content And The Notion Of Ecological Migration," Almanach (Actual Issues in World Economics and Politics), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 13(4), pages 30-36.
    11. Jhon Wilder Sánchez-Obando & Luis Fernando Castillo-Ossa & Néstor Darío Duque-Méndez & Eduardo Carrillo Zambrano, 2024. "Design of a conceptual model of open innovation for the decentralization of the science, technology, and innovation system in Colombia from an organizational ecology perspective," Journal of Innovation and Entrepreneurship, Springer, vol. 13(1), pages 1-28, December.
    12. Benlu Hai & Ximing Yin & Jie Xiong & Jin Chen, 2022. "Could more innovation output bring better financial performance? The role of financial constraints," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 8(1), pages 1-26, December.
    13. Aneta Borůvková, Jaroslava Šepeľová, 2018. "Digital Economy As A New Challenge For Tax Policy," Almanach (Actual Issues in World Economics and Politics), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 13(4), pages 5-12.
    14. Gisca, Oxana & Matinmikko-Blue, Marja & Ahokangas, Petri & Gordon, Jillian & Yrjölä, Seppo, 2023. "A regulatory perspective on local mobile communication network business in Europe: legitimacy considerations," 32nd European Regional ITS Conference, Madrid 2023: Realising the digital decade in the European Union – Easier said than done? 277966, International Telecommunications Society (ITS).
    15. Ľubomír Čech, 2018. "Consequences Of Increasing Significance Of Islam In Central Asia," Almanach (Actual Issues in World Economics and Politics), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 13(4), pages 13-18.
    16. Gisca, Oxana & Matinmikko-Blue, Marja & Ahokangas, Petri & Yrjolä, Seppo & Gordon, Jillian, 2023. "Regulatory challenges and implications of the European electronic communications code (EECC) for local mobile communication network business," Telecommunications Policy, Elsevier, vol. 47(10).
    17. Juhee Kim & Minju Shin, 2022. "What Drives Social Enterprises to Form Sustainable Values? The Effects of Normative Identity and Social Performance," Sustainability, MDPI, vol. 14(17), pages 1-14, August.
    18. Alexandra Madarászová, 2018. "Gender As A Policy Communication Tool," Almanach (Actual Issues in World Economics and Politics), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 13(4), pages 37-51.

    More about this item

    Keywords

    mortgage; first-time buyer; rent; buy; property; Slovakia;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • F10 - International Economics - - Trade - - - General
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:brv:almnch:v:10:y:2018:i:4:p:19-29. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Eva Vlkova (email available below). General contact details of provider: https://edirc.repec.org/data/eubaask.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.