The cycles of real estate market in the Baltic countries
从理论和实践角度分析影响房地产市场的因素，比较宏观经济指标与房地产市场的周期，并探讨波罗的海国家住房市场的结构、可负担性指数及其计算问题。
Abstract The authors in the article analyse (in theoretical and practical aspects) factors influencing real estate market, underline their impact on economic development in the long and short run. The authors make comparison of the cycles of macroeconomic indicators and real estate market. The article reveals the characteristics of dwelling real estate structures and market in different Baltic States. The article also analyses affordability indexes for apartments and dwelling houses and the problems of their calculation and comparison.