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The Real Estate Market and its Influencing Factors for Sustainable Real Estate Development: A Case of Latvia

Author

Listed:
  • Kauskale Linda

    (Institute of the Civil Engineering and Real Estate Economics, Riga Technical University, Riga, Latvia)

  • Zvirgzdins Janis

    (Institute of the Civil Engineering and Real Estate Economics, Riga Technical University, Riga, Latvia)

  • Geipele Ineta

    (Institute of the Civil Engineering and Real Estate Economics, Riga Technical University, Riga, Latvia)

Abstract

The tendencies of the development of real estate market could affect the tendencies within the real estate development. The development of the real estate market could be influenced by the variety of factors, depending on the economic system of the country and other factors. The aim of the research is to analyse the tendencies in the Latvian real estate market, by paying particular attention to its influencing factors and sustainable real estate development. The literature review, comparative, historical, statistical analysis, observation and logical access methods have been used in the research. The research provides an interdisciplinary view on the topic. Particular attention is paid to the case of Latvia. The research can be used to promote the importance of sustainability and sustainable development using different forms, mostly economic and environmental ones. Changes within the economic dimension, including changes of real estate market prices, and other significant aspects of real estate development can influence the sustainability of the real estate market in general and may affect the financial results of market participants. Thus, the research can also be useful for real estate developers for a planned, balanced and financially successful entrepreneurship in the changing environment.

Suggested Citation

  • Kauskale Linda & Zvirgzdins Janis & Geipele Ineta, 2022. "The Real Estate Market and its Influencing Factors for Sustainable Real Estate Development: A Case of Latvia," Baltic Journal of Real Estate Economics and Construction Management, Sciendo, vol. 10(1), pages 171-199, January.
    • Handle: RePEc:vrs:bjrecm:v:10:y:2022:i:1:p:171-199:n:11
    DOI: 10.2478/bjreecm-2022-0012
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    References listed on IDEAS

    as
    1. Li, Yaoyao & Zhu, Daolin & Zhao, Jiangmeng & Zheng, Xiaodong & Zhang, Lanyue, 2020. "Effect of the housing purchase restriction policy on the Real Estate Market: Evidence from a typical suburb of Beijing, China," Land Use Policy, Elsevier, vol. 94(C).
    2. Akbari, Amir & Krystyniak, Karolina, 2021. "Government real estate interventions and the stock market," International Review of Financial Analysis, Elsevier, vol. 75(C).
    3. Al Refai, Hisham & Eissa, Mohamad Abdelaziz & Zeitun, Rami, 2021. "The dynamics of the relationship between real estate and stock markets in an energy-based economy: The case of Qatar," The Journal of Economic Asymmetries, Elsevier, vol. 23(C).
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