Alege limba:

  • English
  • Română

Submit a Paper

If you want to submit your paper, edited according to the Instruction to Authors, you may do it by pressing the button below.

 
 
 
 
 

Feedback form

 
 
 
 
 

Poll

We invite you to fill-in The Valuation Journal poll, which analyzes your opinion regarding the current trend of the Romanian economy, the level of risk premiums and the average capitalization rate to be considered when value Romanian enterprises and Real Estate Properties. The poll results will be published on The Valuation Journal website.

Thank you for your support.

 
 
 
 
 

Real Estate Market Cycle Analysis (The Example of Tbilisi, Georgia)

Authors:

Nino BERAIA, Marine NATSVALADZE

Abstract:

This paper sums up the results of the research on real estate cycles conducted by foreign scientists. In Georgia the cyclical research is limited to formal descriptive statistics and econometric analysis of the subject has not so far been conducted. The paper introduces the use of the Hodrick-Prescott Filter to assess the average length of the real estate cycles by filtering the Tbilisi real estate index time series. The results of the research suggest that Tbilisi real estate market follows a 2−2.5 year cycle pattern. The findings of the study will be useful for the real estate market prognosis, will help the investors and portfolio manager companies in decision making regarding strategy, the type of the real estate and the location. A greater understanding of the real estate cycles can help the policy makers in counter cyclical economic and social planning.

 
 
 
 

Journal information

  • Edited by: IROVAL under ANEVAR guidance
  • ISSN: 1842-3787
  • Frequency: bi-annual
  • Current Volume: 12 (2), 2017
 
 
 
 
 

International Databases Listing

 
 
 
 
 

CNCSIS category B+

 
 
 
 
 
 

Journal Archive

 
 
 
 
 

Subscription

We invite you to subscribe to The Valuation Journal, by filling in the subscription form on our site.

 
 
 
 
 

Search for valuators