Development of real estate prices in Prague - Revision history

PetrNetolicky: /* Results */

2021-01-20T22:52:22Z

‎Results

PetrNetolicky: /* Results */

2021-01-20T22:50:38Z

‎Results

PetrNetolicky: /* Results */

2021-01-20T22:48:50Z

‎Results

PetrNetolicky: /* GDP of Czech republic */

2021-01-20T22:47:51Z

‎GDP of Czech republic

PetrNetolicky: /* Unemployment rate */

2021-01-20T22:47:22Z

‎Unemployment rate

PetrNetolicky: /* Variables */

2021-01-20T22:45:23Z

‎Variables

PetrNetolicky: /* Problem definition */

2021-01-20T22:43:55Z

‎Problem definition

PetrNetolicky: /* Conclusion */

2021-01-20T22:42:43Z

‎Conclusion

PetrNetolicky: /* Results */

2021-01-20T22:33:26Z

‎Results

PetrNetolicky: /* Results */

2021-01-20T22:33:16Z

‎Results

← Older revision		Revision as of 22:52, 20 January 2021
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−	The second graph and table describe the main purpose of this work, the trend and development of real estate in the next ten years. That is, from 2020 to 2030. The graph and table provide the result data according to this simulation. As is obvious from the table, the final price per square meter in Prague will be 148,018 Kč in the year 2030. Compared to the initial value from 2020, this is an increase of almost 57 %.	+	The second graph and table describe the main purpose of this work, the trend and development of real estate in the next ten years. That is, from 2020 to 2030. The graph and table provide the result data according to this simulation. As is obvious from the table, the final price per square meter in Prague will be 148,018 Kč in the year 2030. Compared to the initial value from 2020, this is an increase of almost 57%.

← Older revision		Revision as of 22:50, 20 January 2021
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	[[File:Resulttable.jpg\|thumb\|200px\|right\|\|Table of development of flat prices 2020-2030]]		[[File:Resulttable.jpg\|thumb\|200px\|right\|\|Table of development of flat prices 2020-2030]]

−	To interpret the results, I put two graphs and tables with resulted data. The first graph shows the development of the population in the Czech Republic. By 2030 we can expect in Czech Republic almost 11,2 billion inhabitants. This result is mostly given by the huge amount of immigration from eastern Europe because the mortality and natality in the Czech Republic are on a similar level. This graph was not the subject of this work, but it is an interesting secondary output.	+	To interpret the results, I put two graphs and tables with resulted data. The first graph shows the development of the population in the Czech Republic. By 2030 we can expect in Czech Republic almost 11.2 billion inhabitants. This result is mostly given by the huge amount of immigration from eastern Europe because the mortality and natality in the Czech Republic are on a similar level. This graph was not the subject of this work, but it is an interesting secondary output.

@@ Line 102: / Line 102: @@
 [[File:Resulttable.jpg|thumb|200px|right||Table of development of flat prices 2020-2030]]
-To interpret the results, I put two graphs and tables with resulted data. The first graph shows the development of the population in the Czech Republic. By 2030 we can expect in Czech republic almost 11,2 billion inhabitants. This result is mostly given by the huge amount of immigration from eastern Europe because the mortality and natality in the Czech Republic are on a similar level. This graph was not the subject of this work, but it is an interesting secondary output.
+To interpret the results, I put two graphs and tables with resulted data. The first graph shows the development of the population in the Czech Republic. By 2030 we can expect in Czech Republic almost 11,2 billion inhabitants. This result is mostly given by the huge amount of immigration from eastern Europe because the mortality and natality in the Czech Republic are on a similar level. This graph was not the subject of this work, but it is an interesting secondary output.
@@ Line 109: / Line 109: @@
-[[File:Resultpopulation.jpg||Pic. 3: Graph of the population in Czech republic 2020-2030]]
+[[File:Resultpopulation.jpg||Pic. 3: Graph of the population in Czech Republic 2020-2030]]
 [[File:Resultgraph.jpg]]

@@ Line 62: / Line 62: @@
 </ref>
-===GDP of Czech republic===
+===GDP of Czech Republic===
 Initial value is set as coeficient to '''0.95'''.
 <ref name="nezamestnanost"> Kurzy.cz <i>GDP</i> [online]. [cit. 2020-01-20]. Reacheable from: https://www.kurzy.cz/makroekonomika/hdp/</ref>

@@ Line 54: / Line 54: @@
 ===Unemployment rate===
-Rate of unemployment people in Czech republic. It is in about 277 015 people. It is set to '''0.038'''.
+Rate of unemployment people in Czech Republic. It is in about 277 015 people. It is set to '''0.038'''.
 <ref name="nezamestnan"> Mpsv.cz <i>Nezaměstnaní</i> [online]. [cit. 2020-01-20]. Reacheable from: https://www.mpsv.cz/-/nezamestnanost-zustala-v-zari-na-3-8-pocet-uchazecu-mirne-klesl</ref>

@@ Line 33: / Line 33: @@
 <ref name="obyvatelstvo_lide"> Český statistický úřad. <i>Obyvatelstvo lidé</i> [online]. [cit. 2020-01-20]. Reacheable from: https://www.czso.cz/csu/czso/obyvatelstvo_lide</ref>
 ===Mortality===
-Initial value is based on data from the Czech statistical office and it is set to '''0,0105'''.
+Initial value is based on data from the Czech statistical office and it is set to '''0.0105'''.
 <ref name="narozenyazemreli"> Český statistický úřad. <i>Narození a zemřelí</i> [online]. [cit. 2020-01-20]. Reacheable from: https://www.czso.cz/csu/czso/graf-zive-narozeni-a-zemreli-v-ceske-republice</ref>
 ===Natality===
-Initial value is based on data from Czech statistical office and it is set to '''0,0105'''.
+Initial value is based on data from Czech statistical office and it is set to '''0.0105'''.
 <ref name="narozenyazemreli"> Český statistický úřad. <i>Narození a zemřelí</i> [online]. [cit. 2020-01-20]. Reacheable from: https://www.czso.cz/csu/czso/graf-zive-narozeni-a-zemreli-v-ceske-republice</ref>
 ===Emigration===
-This rate was calculated as emigrants / population. That is 21 300/10 707 839 = '''0,002'''.
+This rate was calculated as emigrants / population. That is 21 300/10 707 839 = '''0.002'''.
 <ref name="pohybobyvatelstva"> Český statistický úřad. <i>Pohyb obyvatelstva</i> [online]. [cit. 2020-01-20]. Reacheable from: https://www.czso.cz/csu/czso/cri/pohyb-obyvatelstva-rok-2019</ref>
 ===Imigration ===
-This rate was calculated as immigrants / population. That is 65 600/10 707 839 = '''0,006'''.
+This rate was calculated as immigrants / population. That is 65 600/10 707 839 = '''0.006'''.
 <ref name="pohybobyvatelstva"> Český statistický úřad. <i>Pohyb obyvatelstva</i> [online]. [cit. 2020-01-20]. Reacheable from: https://www.czso.cz/csu/czso/cri/pohyb-obyvatelstva-rok-2019</ref>
@@ Line 54: / Line 54: @@
 ===Unemployment rate===
-Rate of unemployment people in Czech republic. It is in about 277 015 people. It is set to '''0,038'''.
+Rate of unemployment people in Czech republic. It is in about 277 015 people. It is set to '''0.038'''.
 <ref name="nezamestnan"> Mpsv.cz <i>Nezaměstnaní</i> [online]. [cit. 2020-01-20]. Reacheable from: https://www.mpsv.cz/-/nezamestnanost-zustala-v-zari-na-3-8-pocet-uchazecu-mirne-klesl</ref>
 ===Inflantion===
-The initial value of inflation was set on '''0,03'''.
+The initial value of inflation was set on '''0.03'''.
 <ref name="hypotéky"> Český statistický úřad <i>Inflace</i> [online]. [cit. 2020-01-20]. Reacheable from: https://www.czso.cz/csu/czso/cri/indexy-spotrebitelskych-cen-inflace-prosinec-2019
 </ref>
 ===GDP of Czech republic===
-Initial value is set as coeficient to '''0,95'''.
+Initial value is set as coeficient to '''0.95'''.
 <ref name="nezamestnanost"> Kurzy.cz <i>GDP</i> [online]. [cit. 2020-01-20]. Reacheable from: https://www.kurzy.cz/makroekonomika/hdp/</ref>
 ===Mortages rates===
-Fio bank with 5 year of fixation - '''1,68 %'''. This value was set in simulation.
+Fio bank with 5 year of fixation - '''1.68%'''. This value was set in simulation.
 <ref name="hypoteky"> Hypoindex.cz <i>Hypotéky</i> [online]. [cit. 2020-01-20]. Reacheable from: https://www.hypoindex.cz/clanky/aktualni-sazby-hypotek-skupina-csob-zlevnuje-hypoteky/</ref>

@@ Line 18: / Line 18: @@
 The purpose of this simulation is to show trends and development of prices for flats, houses, and other real estates in Prague for the next ten years based on real historical data available on the Czech statistical office. The aspects which are taken into count are the influence of the investors, mortgage rates, population, lack of flats.
-The picture shows the development of the price of apartments in Prague from the beginning of 2014 to the end of 2020. During this time, the price of real estate has increased by an incredible 84 %.
+The picture shows the development of the price of apartments in Prague from the beginning of 2014 to the end of 2020. During this time, the price of real estate has increased by an incredible 84%.
 =Method=

@@ Line 113: / Line 113: @@
 =Conclusion=
-The simulation confirmed the trend of recent years when apartment prices in Prague are increasing the most in comparison with all other European cities. The estimate of a price increase of 57% for the next 10 years is still very modest, also due to the economic crisis. In ten years, this simulation can be compared with reality, and as the author of this study, I believe that the percentage increase will be even higher. For investors and ordinary citizens, investing in the purchase of an apartment in Prague is not only a suitable means of protecting money against inflation but even a means of getting rich.
+To conclude the achieved goals of this simulation, the trend of the recent years of real estate prices in Prague is increasing rapidly. In the fact,the most in comparison with all other European cities. As it follows from this simulation, the estimate of a price increase of 57% for the next 10 years. This prediction is still very modest, also due to the economic crisis. In ten years, this simulation can be compared with reality, and as the author of this study, I believe that the percentage increase will be even higher. For investors and ordinary citizens, investing in the purchase of an apartment in Prague is not only a suitable means of protecting money against inflation but even a means of getting rich.
 =Reference=

← Older revision		Revision as of 22:33, 20 January 2021
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	To interpret the results, I put two graphs and tables with resulted data. The first graph shows the development of the population in the Czech Republic. By 2030 we can expect in Czech republic almost 11,2 billion inhabitants. This result is mostly given by the huge amount of immigration from eastern Europe because the mortality and natality in the Czech Republic are on a similar level. This graph was not the subject of this work, but it is an interesting secondary output.		To interpret the results, I put two graphs and tables with resulted data. The first graph shows the development of the population in the Czech Republic. By 2030 we can expect in Czech republic almost 11,2 billion inhabitants. This result is mostly given by the huge amount of immigration from eastern Europe because the mortality and natality in the Czech Republic are on a similar level. This graph was not the subject of this work, but it is an interesting secondary output.
		+

	The second graph and table describe the main purpose of this work, the trend and development of real estate in the next ten years. That is, from 2020 to 2030. The graph and table provide the result data according to this simulation. As is obvious from the table, the final price per square meter in Prague will be 148,018 Kč in the year 2030. Compared to the initial value from 2020, this is an increase of almost 57 %.		The second graph and table describe the main purpose of this work, the trend and development of real estate in the next ten years. That is, from 2020 to 2030. The graph and table provide the result data according to this simulation. As is obvious from the table, the final price per square meter in Prague will be 148,018 Kč in the year 2030. Compared to the initial value from 2020, this is an increase of almost 57 %.