In recent years, the real estate market has experienced a series of events that have significantly influenced property prices and demand. Between 2021 and 2023, the world faced multiple crises—including the COVID-19 pandemic, an energy crisis, and the war in Ukraine—which also had a notable impact on real estate markets in various countries, including Slovenia and Croatia.
The objective of this thesis was to analyze trends in the real estate markets of the aforementioned countries, with a particular focus on the relationship between property prices and demand. Using publicly available data from the Surveying and Mapping Authority of the Republic of Slovenia and the Ministry of Physical Planning, Construction and State Assets of the Republic of Croatia, I conducted a comparative analysis of prices and transaction volumes across different regions for the period from 2021 to 2023.
The analysis provides insights into local market characteristics, regional disparities, and the impact of broader economic factors on consumer behavior. Special attention was given to examining how price changes affect demand dynamics, and whether the market in each country responds with a delay or reacts immediately.
The aim of this research is to contribute to a better understanding of the responsiveness of the real estate market to macroeconomic influences and to establish a foundation for further studies in the fields of economic geography and urban development.
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