Quotation Maier, Gunther, Ondos, Slavomir, Sedlacek, Sabine. 2008. Real estate development in Bratislava and Vienna. 48th congress of the European Regional Science Association, Liverpool, Gro├čbritannien, 27.08-31.08.


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Abstract

The Central European area has received a series of strong growth impulses originated in external and internal environment during the past two decades. Transforming geopolitical situation above the melted former communist bloc in the late 1980s ending with the practical disappearance of political borders between the countries in 2007, the forces related with reshuffled regional economy in a globalizing context, and a new-established base for socio-cultural synergy have various effects on the region's human sphere. The best starting position in new conditions belongs to the economic managerial centers, the national capital cities, disposed with sufficient concentration of profit-creating forces related factors including human capital, services demand and diversified economic base resulting in exceptional economic growth rates. The Vienna-Bratislava area (part of the CENTROPE region) is one of the most dynamic among them thanks to advantage of its unique configuration merging into an increasingly recognized single spatial-economic unit. Its elevated dynamism is clearly visible in the intra-urban scale of the cities and we would like to approach it through the selected characteristics of their current real estate markets. Economic growth dramatically pushed the demand in all basic segments (housing, office and retail), which is currently met by the expanding supply side, including possible speculation, heading towards a new market equilibrium. One of the core projects in the CENTROPE region is the Vienna-Bratislava twin city concept. It is intended to develop the whole corridor region including both cities which induces spatial and real estate development in the whole region. The hypothesis underpinned is that the cities will mainly tie up the real estate investment especially in the office and retail market.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Paper presented at an academic conference or symposium
Language English
Title Real estate development in Bratislava and Vienna
Event 48th congress of the European Regional Science Association
Year 2008
Date 27.08-31.08
Country United Kingdom
Location Liverpool

Associations

People
Maier, Gunther (Details)
Ondos, Slavomir (Former researcher)
Sedlacek, Sabine (Former researcher)
Organization
Institute for Multi-Level Governance and Development IN (Details)
Research Institute for Spatial and Real Estate Economics FI (Details)
Research areas (├ľSTAT Classification 'Statistik Austria')
1807 Economic geography (Details)
5300 Economics (Details)
5329 Economics of location (Details)
5330 Site selection (Details)
5332 Transport economics (Details)
5606 Spatial research (Details)
5607 Spatial structure (Details)
5611 Urban and regional analysis (Details)
5612 Economics of location (Details)
5618 Regional economy (Details)
5702 Population statistics (Details)
5914 Environmental research (Details)
5915 Economic geography (Details)
5924 Environmental economics (Details)
5936 Research and innovation management (Details)
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