<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>This study focuses on the real estate market in Romania and presents a forecasting model for predicting future real estate prices. The model, based on multiple linear regression, provides a comprehensive understanding of the market and enables real estate analysts to devise more efficient investment strategies. By enhancing investment efficiency, the model contributes to the overall efficiency of financial markets and supports sustained economic benefits for stakeholders. Although limited to a specific timeframe and apartment auction markets in Romania, future research can expand the model’s scope, improve accuracy through diverse data sets, and explore key factors for enhanced performance. The study’s contribution lies in its valuable insights for real estate analysts, enhancing investment efficiency, and fostering sustained economic benefits for stakeholders.</p>
</abstract>

This study focuses on the real estate market in Romania and presents a forecasting model for predicting future real estate prices. The model, based on multiple linear regression, provides a comprehensive understanding of the market and enables real estate analysts to devise more efficient investment strategies. By enhancing investment efficiency, the model contributes to the overall efficiency of financial markets and supports sustained economic benefits for stakeholders. Although limited to a specific timeframe and apartment auction markets in Romania, future research can expand the model’s scope, improve accuracy through diverse data sets, and explore key factors for enhanced performance. The study’s contribution lies in its valuable insights for real estate analysts, enhancing investment efficiency, and fostering sustained economic benefits for stakeholders.

Forecasting Real Estate Prices in Romania: A Lag Optimized Linear Approach

Baltic Journal of Real Estate Economics and Construction Management

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"Forecasting Real Estate Prices in Romania: A Lag Optimized Linear Approach"}

This study focuses on the real estate market in Romania and presents a forecasting model for predicting future real estate prices. The model, based on multiple...

Forecasting Real Estate Prices in Romania: A Lag Optimized Linear Approach

Published Online: Aug 04, 2023

Page range: 120 - 132

Received: Jun 28, 2023

Accepted: Jul 20, 2023

DOI: https://doi.org/10.2478/bjreecm-2023-0008

Keywords
optimized linear approach, price forecasting, real estate market

© 2023 Alexandru I. Chirilus, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Forecasting Real Estate Prices in Romania: A Lag Optimized Linear Approach

Published Online: Aug 04, 2023

Page range: 120 - 132

Received: Jun 28, 2023

Accepted: Jul 20, 2023

DOI: https://doi.org/10.2478/bjreecm-2023-0008

Keywordsoptimized linear approach, price forecasting, real estate market

© 2023 Alexandru I. Chirilus, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
optimized linear approach, price forecasting, real estate market