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The influence of the real estate market on the economic development of Constanta County

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  • Mari-Isabella Stan

    ("Ovidius" University of Constanta, Faculty of Law and Administrative Sciences.)

Abstract

At the local level, the promotion of sustainable economic development by creating a favorable business development climate and new employment opportunities is necessary to increase the well-being and development of communities. The economic and social mechanism of the real estate market guides economic agents’ activity, being influenced by its relationship with other sectors of the economy, such as construction, trade, tourism, the financial banking system and, last but not least, the management of local public administrations, which allow the development of various types of investment projects. The aim of this article is to carry out an analysis from a dynamic perspective of the real estate market at the level of the economic agents in Constanta County, which operate in the field of real estate transactions, showing how their economic effects influence local development. The results of this research show that companies in the real estate transactions sector, together with the construction sector, play an important part in the development of the local economy, and that there is a positive relationship between the real estate market and the construction market.

Suggested Citation

  • Mari-Isabella Stan, 2022. "The influence of the real estate market on the economic development of Constanta County," Technium Social Sciences Journal, Technium Science, vol. 38(1), pages 805-817, December.
    • Handle: RePEc:tec:journl:v:38:y:2022:i:1:p:805-817
    DOI: 10.47577/tssj.v38i1.7963
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    References listed on IDEAS

    as
    1. Mari-Isabella STAN, 2014. "Public-Private Partnership - A Solution For Sustainable Urban Development Of Cities," Curentul Juridic, The Juridical Current, Le Courant Juridique, Petru Maior University, Faculty of Economics Law and Administrative Sciences and Pro Iure Foundation, vol. 56, pages 139-147, March.
    2. Mari-Isabella Stan & Elena-Marinela Cortel, 2022. "Sustainable rural development: an assessment of citizens' perception regarding the role of the planning framework within the Romanian local communities," Technium Social Sciences Journal, Technium Science, vol. 35(1), pages 1-17, September.
    3. Claire Colomb & Nick Gallent, 2022. "Post-COVID-19 mobilities and the housing crisis in European urban and rural destinations. Policy challenges and research agenda," Planning Practice & Research, Taylor & Francis Journals, vol. 37(5), pages 624-641, September.
    4. Mari-Isabella Stan, 2022. "The impact of the pandemic crisis on employment in the context of urbanization," Technium Social Sciences Journal, Technium Science, vol. 33(1), pages 492-505, July.
    5. Halleröd, Björn & Rothstein, Bo & Daoud, Adel & Nandy, Shailen, 2013. "Bad Governance and Poor Children: A Comparative Analysis of Government Efficiency and Severe Child Deprivation in 68 Low- and Middle-income Countries," World Development, Elsevier, vol. 48(C), pages 19-31.
    6. Kamer-Ainur Aivaz & Constantin Avram, 2021. "An analysis of the performance of the companies in Constanta County which operate in the real estate transactions field in the context of sustainable development," Technium Social Sciences Journal, Technium Science, vol. 26(1), pages 475-487, Decembrie.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    real estate transactions; turnover; personnel expenses; number of employees; wage labor productivity; local development; Constanta County;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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