Publications - Working Papers IER SAS

In this paper we utilize the rich database on the properties sales offers from online advertisements providers across period of 2012–2021 to identify the patterns in the price formation across the geographical units in Slovakia. The results indicate that the real estate markets do not follow the administrative territorial setup and utilization of the commuting regions is valuable option. Using integrated clustering mechanisms co-movements of the prices are identified. The results are line with previous research on factors forming the real-estate prices, such as economic activity and transport infrastructure connectivity. Results provide arguments for further discussions on the policies relevant to the tackle of the housing affordability and its nuanced regional focusing.