Development of real estate prices in Prague (Vensim)
In progress
Name: Development of real estate prices in Prague
Author: Petr Netolický, netp02, 19.1.2021
Used tool: Vensim PLE 8.2.0
Contents
Problem definition
Every year, the price of real estate in Prague increases rapidly. As a result, young families can no longer afford to buy an apartment in the center of Prague, including a mortgage, and have to move to more educated villages and towns around Prague. The purpose of this simulation is to show trends and development of prices for flats, houses, and other real estates in Prague for next ten years based on real historical data available on the Czech statistical office. The aspectes which are taken into count are the influence of the investors, mortgage rates, population, lack of flats and others.
Method
The Vensim tool is used to simulate the problem. In this tool, it is possible to simulate the development of real estate in Prague over the next ten years.
Model
Variables
Population
Results
