real estate

Introduction. It would seem that the legislative definition of immovable property, enshrined in Art. 130 of the Civil Code, simple and clear. It legislator have criteria by which it can be identified and outlined a short list of real estate. However, you understand in more detail in theory, a lot of questions, and even in practice very often taken out different solutions. Theoretical analysis.

The current stage of globalization demonstrates a completely failure of local business and authorities to reflect the expansion of transnational investment and construction capital which is rapidly increasing its influence on the development of the national real estate markets. The problem lies in the inability to explain adequately and predict accurately the nature of the impact of this factor without proper understanding of the differences in the strategies of domestic and foreign investment in real estate. Methodology.

The paper examines the theoretical, legal and historical issues related to the definition in civil law concept of property. Discusses the various points of view and proposes a definition of real estate, making adjustments to existing legislation.

This article considers application of method of geographically weighted regression for analysis of dynamics of average price for square metre of real estate. Effectiveness of method of geographically weighted regression is illustrated in realistic empirical data.