Spatial Structuration of the Metropolitan Housing Market: a Systemic Approach
Riga Technical University 58th International Scientific Conference “Scientific Conference on Economics and Entrepreneurship” (SCEE’2017): Proceedings 2017
Jānis Vanags, Helma Jirgena, Auseklis Sarkans, Didzis Usenieks

The significance of the research is determined by the diversification of the housing market price in the big cities in a wide range. In Europe and other metropolitan cities, housing prices range from 200% to -300%, in some cities even more. But in statistics, market reports and different advertising booklets, the shown prices are relatively homogeneous, with slight differences. This largely ignores the prices existing in metropolitan areas for housing located in different spatial entity of the city. Therefore it is often difficult to make a decision for the households and other market participants to get involved in a housing transaction in an effort to use their disposal income for maximization benefits. Taking a metropolitan as a system and in accordance with the basic principles of the system’s operation, it is logical to conclude that housing prices in a metropolitan area and in each of the metropolitan units are the result of interaction of the city’s spatial entity.


Keywords
housing market in big cities; housing market spatial entity; systemic approach

Vanags, J., Jirgena, H., Sarkans, A., Usenieks, D. Spatial Structuration of the Metropolitan Housing Market: a Systemic Approach. In: Riga Technical University 58th International Scientific Conference “Scientific Conference on Economics and Entrepreneurship” (SCEE’2017): Proceedings, Latvia, Riga, 13-14 October, 2017. Riga: Riga Technical University, 2017, pp.49-50. ISBN 978-9934-22-000-5. ISSN 2256-0866.

Publication language
English (en)
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