Nekilnojamojo turto rinkos ciklų valdymo vertinimas ir modeliavimas
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Real estate is the foundation without which none of developed societies and states can exist. Negative effects caused by real estate market cycles are beyond control, and there is no means of recovering quickly from downturn experienced by a sector. The model of the control of real estate market cycles would help to prevent real estate market cycles and would ensure stable development of this sector. The paper aims at finding out whether it is possible to reduce cyclic fluctuations of real estate market, what could control real estate market cycles and how to do that. The aim of the paper is to develop a model of the control of real estate market cycles, which would allow evaluating and controlling it in order to meet economical and social interests of the state, society and real estate consumers. In the research, real estate market cycles were analysed and a conceptual model of the control of real estate market cycles, which was tested applying the Lithuanian real estate market data, was developed. The developed model shows that active actions of the state have significant influence on real estate market and systemic application of these actions can reduce cyclic fluctuations of real estate market.