"This paper will provide economic and structural reasons for the upcoming of non and sub performing real estate loans in Germany and will compare the German market to the U.S.- and other relevant NPL-markets. As German banks are currently facing the new regulations of Basel II as well as strong...

With the formal establishment of the European Single Market in 1992 and the accomplishment of the third stage of the European Money Union in 1999 many barriers for a dynamic economic exchange between the EU Member States have been reduced. The competition distorting character of the...

This paper examines the evolution of real estate markets in Hungary, the Czech Republic and Poland. The research reports the findings of an international survey of investors and property companies. Results show a perception of high risk for medium levels of return. Behavioural differences...

[abstract missing - contribution appeared in the programme]

Multiple regression analysis is widely used as a research tool for modeling several aspects of both commercial and residential property. Such statistical analysis is mainly implemented for the assessment of the effect of property characteristics on values and rental prices. The aim of this paper...

Traditionally the appraisal of house prices is conducted through hedonic approaches: the price is explained by structural and positional characteristics. Starting from these premises, we compare housing offer and transaction prices to discuss the role of the determinants of real estate house...

The real estate market in Poland is a relatively immature market, but one that has been experiencing substantial transformation. The development of the market has been encouraged by a number of factors, including changes arising as a result of new legislation and the migration of capital between...