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The Factors Affecting Rent Versus Buy Decisions And Implication For The Housing Market In Slovakia

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  • Martina Fehérová

    (Faculty of National Economy, University of Economics in Bratislava)

Abstract

The prices of properties rose sharply and the mortgage interest rates decreased gradually. Young people aged 20-35, usually the potential first-time buyers are facing the decision whether to purchase an accommodation or to live in a rented property. Many first-time buyers prefer to live in a rented property according to the flexibility which this option offers. On the other hand, the mortgage interest rates reached historical minima lately, therefore mortgages became attractive for many young people who desired to own a dwelling. Slovak real estate market has been recently facing relative boom, related primarily to its belated onset until roughly the turn of the millennium, compared with house prices worldwide. The model is real example from the practice which comparing the advantages and disadvantages of the decision of accommodation purchase or renting.

Suggested Citation

  • Martina Fehérová, 2018. "The Factors Affecting Rent Versus Buy Decisions And Implication For The Housing Market In Slovakia," Almanach (Actual Issues in World Economics and Politics), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 13(4), pages 19-29.
    • Handle: RePEc:brv:almnch:v:10:y:2018:i:4:p:19-29
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    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • F10 - International Economics - - Trade - - - General
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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