Como o mercado imobiliário se comporta no Brasil?

Detalhes bibliográficos
Autor(a) principal: Alcoléa, Alexandre Affonso
Data de Publicação: 2022
Tipo de documento: Dissertação
Idioma: por
Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
Texto Completo: https://hdl.handle.net/10438/32480
Resumo: Buscamos entender o mercado imobiliário brasileiro a partir da relação de longo prazo entre os preços dos imóveis e as taxas de juros real e o índice Ibovespa. Para tanto empregamos um modelo de Vetor de Correção de Equilíbrios (VEC) baseado em técnicas de cointegração. Encontramos evidência de uma relação de longo prazo positiva entre preços de imóveis comerciais e residenciais, taxa de juros real e Ibovespa, demonstrando que o investimento imobiliário oferece uma certa proteção a choque inflacionários. No mais, encontramos ainda uma relação linear de equilíbrio entre as taxas de locação comercial e residencial.
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spelling Alcoléa, Alexandre AffonsoEscolas::EESPBarenboim, IgorColombo, Jéfferson AugustoFernandes, Marcelo2022-09-09T17:03:35Z2022-09-09T17:03:35Z2022https://hdl.handle.net/10438/32480Buscamos entender o mercado imobiliário brasileiro a partir da relação de longo prazo entre os preços dos imóveis e as taxas de juros real e o índice Ibovespa. Para tanto empregamos um modelo de Vetor de Correção de Equilíbrios (VEC) baseado em técnicas de cointegração. Encontramos evidência de uma relação de longo prazo positiva entre preços de imóveis comerciais e residenciais, taxa de juros real e Ibovespa, demonstrando que o investimento imobiliário oferece uma certa proteção a choque inflacionários. No mais, encontramos ainda uma relação linear de equilíbrio entre as taxas de locação comercial e residencial.We aim to understand the Brazilian real estate market by identifying long-term relationships between commercial and residential property prices and real interest rates and stock market index. To do so, we use a Vector Equilibrium Correction (VEC) model based on cointegration methods. We find evidence of a positive long-run relationship between commercial and residential property prices and the Brazilian stock market index and real interest rate. This indicates that real estate investment offers to come extent protection to inflationary shocks. In addition, we also find a linear long-run relationship between commercial and residential rental yields.porCointegrationReal estateVEC modelRental yieldsCointegraçãoMercado imobiliárioModelo VECEconomiaMercado imobiliário - BrasilInvestimentos imobiliáriosCointegraçãoAnálise de séries temporaisImóveis - PreçosComo o mercado imobiliário se comporta no Brasil?info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVORIGINALAlexandre Alcoléa - Versão Final.pdfAlexandre Alcoléa - Versão Final.pdfPDFapplication/pdf989333https://repositorio.fgv.br/bitstreams/5c09e59c-7157-47e8-8f6c-78ac9e93666d/download5409c4db2cd6add9d6eeda3262dfb3a8MD55LICENSElicense.txtlicense.txttext/plain; charset=utf-84707https://repositorio.fgv.br/bitstreams/a40350a3-90aa-477f-834c-e0ee71dfd649/downloaddfb340242cced38a6cca06c627998fa1MD56TEXTAlexandre 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dc.title.por.fl_str_mv Como o mercado imobiliário se comporta no Brasil?
title Como o mercado imobiliário se comporta no Brasil?
spellingShingle Como o mercado imobiliário se comporta no Brasil?
Alcoléa, Alexandre Affonso
Cointegration
Real estate
VEC model
Rental yields
Cointegração
Mercado imobiliário
Modelo VEC
Economia
Mercado imobiliário - Brasil
Investimentos imobiliários
Cointegração
Análise de séries temporais
Imóveis - Preços
title_short Como o mercado imobiliário se comporta no Brasil?
title_full Como o mercado imobiliário se comporta no Brasil?
title_fullStr Como o mercado imobiliário se comporta no Brasil?
title_full_unstemmed Como o mercado imobiliário se comporta no Brasil?
title_sort Como o mercado imobiliário se comporta no Brasil?
author Alcoléa, Alexandre Affonso
author_facet Alcoléa, Alexandre Affonso
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EESP
dc.contributor.member.none.fl_str_mv Barenboim, Igor
Colombo, Jéfferson Augusto
dc.contributor.author.fl_str_mv Alcoléa, Alexandre Affonso
dc.contributor.advisor1.fl_str_mv Fernandes, Marcelo
contributor_str_mv Fernandes, Marcelo
dc.subject.eng.fl_str_mv Cointegration
Real estate
VEC model
Rental yields
topic Cointegration
Real estate
VEC model
Rental yields
Cointegração
Mercado imobiliário
Modelo VEC
Economia
Mercado imobiliário - Brasil
Investimentos imobiliários
Cointegração
Análise de séries temporais
Imóveis - Preços
dc.subject.por.fl_str_mv Cointegração
Mercado imobiliário
Modelo VEC
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Mercado imobiliário - Brasil
Investimentos imobiliários
Cointegração
Análise de séries temporais
Imóveis - Preços
description Buscamos entender o mercado imobiliário brasileiro a partir da relação de longo prazo entre os preços dos imóveis e as taxas de juros real e o índice Ibovespa. Para tanto empregamos um modelo de Vetor de Correção de Equilíbrios (VEC) baseado em técnicas de cointegração. Encontramos evidência de uma relação de longo prazo positiva entre preços de imóveis comerciais e residenciais, taxa de juros real e Ibovespa, demonstrando que o investimento imobiliário oferece uma certa proteção a choque inflacionários. No mais, encontramos ainda uma relação linear de equilíbrio entre as taxas de locação comercial e residencial.
publishDate 2022
dc.date.accessioned.fl_str_mv 2022-09-09T17:03:35Z
dc.date.available.fl_str_mv 2022-09-09T17:03:35Z
dc.date.issued.fl_str_mv 2022
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
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