SOME ISSUES ON PREDICTION OF THE REAL ESTATE MARKET DEVELOPMENT IN THE REPUBLIC OF MOLDOVA

The real property market is a core driver of the market economy and the state of real property market reflects the development level of the nation’s economy and market relations. The real property market is a vital component of any national economy because real property is the most important part of the national wealth; it suffices to say that real property accounts for more than 50% of the global wealth. The purpose of this study is to examine the process of the emergence, shaping and functioning of the real property market in the Republic of Moldova and to identify the factors that influence its shaping and development. Based on the statistical data, it presents the market development dynamics, considers main problems and suggests their possible solutions. The main research methods were systemic analysis, comparison method, the analysis of dynamic series, statistical methods. The correct forecast for the real estate market is of great value not only for its professional participants (developers, realtors, evaluators, consultants, government officials), but also for ordinary citizens, most of whom somehow encounter a housing problem.