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<p>The tendencies of the development of real estate market could affect the tendencies within the real estate development. The development of the real estate market could be influenced by the variety of factors, depending on the economic system of the country and other factors. The aim of the research is to analyse the tendencies in the Latvian real estate market, by paying particular attention to its influencing factors and sustainable real estate development. The literature review, comparative, historical, statistical analysis, observation and logical access methods have been used in the research. The research provides an interdisciplinary view on the topic. Particular attention is paid to the case of Latvia. The research can be used to promote the importance of sustainability and sustainable development using different forms, mostly economic and environmental ones. Changes within the economic dimension, including changes of real estate market prices, and other significant aspects of real estate development can influence the sustainability of the real estate market in general and may affect the financial results of market participants. Thus, the research can also be useful for real estate developers for a planned, balanced and financially successful entrepreneurship in the changing environment.</p>
</abstract>

The tendencies of the development of real estate market could affect the tendencies within the real estate development. The development of the real estate market could be influenced by the variety of factors, depending on the economic system of the country and other factors. The aim of the research is to analyse the tendencies in the Latvian real estate market, by paying particular attention to its influencing factors and sustainable real estate development. The literature review, comparative, historical, statistical analysis, observation and logical access methods have been used in the research. The research provides an interdisciplinary view on the topic. Particular attention is paid to the case of Latvia. The research can be used to promote the importance of sustainability and sustainable development using different forms, mostly economic and environmental ones. Changes within the economic dimension, including changes of real estate market prices, and other significant aspects of real estate development can influence the sustainability of the real estate market in general and may affect the financial results of market participants. Thus, the research can also be useful for real estate developers for a planned, balanced and financially successful entrepreneurship in the changing environment.

The Real Estate Market and its Influencing Factors for Sustainable Real Estate Development: A Case of Latvia

Baltic Journal of Real Estate Economics and Construction Management

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The tendencies of the development of real estate market could affect the tendencies within the real estate development. The development of the real estate...

The Real Estate Market and its Influencing Factors for Sustainable Real Estate Development: A Case of Latvia

Published Online: Nov 28, 2022

Page range: 171 - 199

DOI: https://doi.org/10.2478/bjreecm-2022-0012

Keywords
Civil engineering, international overview, planning, real estate development, real estate industry, real estate market, regulations, sustainability, sustainable construction, sustainable development

© 2022 Linda Kauskale et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

The Real Estate Market and its Influencing Factors for Sustainable Real Estate Development: A Case of Latvia

Published Online: Nov 28, 2022

Page range: 171 - 199

DOI: https://doi.org/10.2478/bjreecm-2022-0012

KeywordsCivil engineering, international overview, planning, real estate development, real estate industry, real estate market, regulations, sustainability, sustainable construction, sustainable development

© 2022 Linda Kauskale et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Civil engineering, international overview, planning, real estate development, real estate industry, real estate market, regulations, sustainability, sustainable construction, sustainable development