HOUSING PRICE LEVEL CALCULATION METHODS IN THE CONTEXT OF THE COUNTRY WITH TRANSITION ECONOMY

Countries with transition economy integrate quickly into foreign markets and increase the risk of stronger economic shocks, which directly affect real estate prices. Ability to successfully avoid the risk and invest in the housing market is based on economic trends, real estate price trends, and forecasting knowledge. Therefore the purpose of this paper is to determine the most appropriate housing price level calculating method in the context of country with transition economy. Analysis of the real estate market in Lithuania was chosen as the object of the paper.