property market maturity

What is it about?

Property market maturity level is one of the influential factors affecting competitiveness of a country in a global arena. This article analyzes scientific observations and aspects, as well as suggests a model of property market evolution, adapts the property market maturity concept.

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Why is it important?

The significance of this publication lays within a proposed model of property market evolution that can be applied to the economies of Central and Eastern Europe and developing countries. The paper also introduces an evaluation of the level of property market maturity in Lithuania.