Publication detail

Productivity and Profitability in the Construction Industry - a Case of the Czech Republic

KALOVÁ, D. BRYCHTA, K.

Original Title

Productivity and Profitability in the Construction Industry - a Case of the Czech Republic

Type

conference paper

Language

English

Original Abstract

The lack of housing availability and the growth of real estate prices are a global problem. The severity and relevance of this problem is evidenced from the fact that not only individual states but also the EU or OECD are addressing this problem. They are looking for measures how to make the housing more affordable and how to avoid further growth of real estate prices. The rate of growth of real estate prices in the Czech Republic is one of the fastest ones withing the EU. This article´s aim is to identify the hypothetical "winners" operating in the real estate marekt in the area of construction by considering the criteria of productivity and profitability of companies. The results achieved clearly demonstrate that it is the developer companies that reach profits several times higher than companies engaged in the construction itself. The analyses performed also indicate that the above-strandard advantages are connected, in particular, with the ownership of production factors: land and capital. It should be noted that as a consequence of the COVID-19 pandemic, a deterioration in the real estate market can be expected due to further expected growth of prices. The foregoing is likely to lead to a change in the perception of existing standards (strengthening of rental housing) and probably to a high level in this area of cooperative construction, too.

Keywords

building, construction, house price index, real estate, real estate price

Authors

KALOVÁ, D.; BRYCHTA, K.

Released

14. 9. 2021

Publisher

Technical University of Liberec

Location

Liberec

ISBN

978-80-7494-578-6

Book

Proceeding of the 15th International Conference - Liberec Economic Forum 2021

Edition number

1

Pages from

559

Pages to

567

Pages count

709

URL

https://drive.google.com/file/d/1FNzI-s_EVrS3jV5zH6gK-9ibEuqMudUs/view

BibTex

@inproceedings{BUT172513,
  author="Dagmar {Kalová} and Karel {Brychta}",
  title="Productivity and Profitability in the Construction Industry  - a Case of the Czech Republic",
  booktitle="Proceeding of the 15th International Conference - Liberec Economic Forum 2021",
  year="2021",
  number="1",
  pages="559--567",
  publisher="Technical University of Liberec",
  address="Liberec",
  isbn="978-80-7494-578-6",
  url="https://drive.google.com/file/d/1FNzI-s_EVrS3jV5zH6gK-9ibEuqMudUs/view"
}