This project focuses on a comprehensive analysis of the determinants influencing regional house price dynamics, extending beyond the traditional variables typically associated with house pricing. While conventional models have provided valuable insights, they often overlook critical factors that can significantly impact regional housing markets. This research aims to enrich the existing academic discourse by employing advanced econometric models to investigate specific geographical locations. We will analyze variables such as horizontal and vertical spatial dependence, particularly in the context of market liquidity.
To deepen our methodological approaches, we will incorporate cutting-edge techniques that account for spatial correlations and temporal variations in housing data. This holistic perspective will allow us to draw more nuanced conclusions about the factors driving house price dynamics in various sub-markets.
An integral component of this research project involves a foreign internship, which will facilitate collaboration with international experts and provide valuable insights into housing markets with similar structural characteristics. By working in a country that shares comparable housing market development, we aim to maximize the impact of our research capital. This internship will not only enhance methodological rigor but also foster a cross-cultural exchange of ideas, ultimately contributing to a more robust understanding of regional housing dynamics.