Chapter in monograph
Sunega, Petr, Martin Lux. 2011. „Vývoj cen rezidenčních nemovitostí v ČR a riziko cenové bubliny.“ Pp. 71-86 in Lux, Martin (ed.). Standardy bydlení 2010/2011: Sociální nerovnosti a tržní rizika v bydlení. Praha: Sociologický ústav AV ČR, v.v.i. 205 s. ISBN 978-80-7330-213-9.

The goal of the chapter is to answer the question, whether the flat prices increased in 2007 above the long-term equilibrium price level based on basic macro-economic development and the price bubble in the Czech Republic arose. The existence of the price bubble would indicate presence of systemic risk on the Czech housing market.

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