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Ineta Geipele
, Linda Kauškale
, Natalija Lepkova
, Roode Liias
Interaction of socio-economic factors and real estate market in the
context of sustainable urban development
| Conference Information: |
9th International Conference on Environmental
Engineering, MAY 22-24, 2014 Vilnius, LITHUANIA |
| Source: |
ICEE-2014 - International Conference on Environmental
Engineering |
| Book Series: |
International Conference on Environmental Engineering
(ICEE) Selected papers |
| ISSN: |
ISSN 2029-7092 online |
| ISBN: |
978-609-457-640-9 / 978-609-457-690-4 CD |
| Year: |
2014 |
| Publisher: |
Vilnius Gediminas Technical University Press Technika |
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Abstract
This article in general reflects the significance of socio-economic factors and the real estate market in sustainable urban development. The
relevance of the research is being determined by the high ratio of the real estate market and construction industry in Latvian and Baltic
economic structure, as well as well as their major impact on the state socio-economic status. The objective of the research is to identify
the major problems existing in the sustainable development of real estate industry for improvement of the situation. The particular
attention will be paid to the problems of socio-economic aspects and related macroeconomic indicators. On the basis of the results of the
research the proposals for advancement of sustainable and competitive development are prepared. The subject of the research is an
interaction of socio-economic factors and real estate market over the period from 2009 to 2013.The article reflects the impact of Latvian
national economy and real estate market on the sustainable urban development, as well as the main trends in the real estate market and the
socio-economic sphere of the country, in the overall context of the development of the Baltic States. The role of the state is reflected in
the socio-economic processes regulation, interaction of the economy and real estate market development, factors influencing the house
building, the main challenges and directions of Latvian sustainable development strategies, as well as the correlation of some macro-
economic indicators in terms of sustainable development. On the basis of the conducted study, the main trends in the sustainable
development of the real estate market and in the socio-economic sphere have been defined, as well as recommendations on improvement
of the situation in the longer term and preventive measures have been developed. The historical, logical, analytical and comparative
methods have been used in the article.
Keywords: real estate market; national economy; development; regulation; socio-economic factors; Baltic states.
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