Economic Dynamics and the Real Estate Market: The Correlation Between Income, Interest Rates, and Housing Prices in the Republic of Moldova

Abstract

This study analyzes the interaction between income, interest rates, and housing prices in the Republic of Moldova, highlighting how these variables influence the real estate market. Economic growth and housing affordability are closely linked to income dynamics and credit conditions. Interest rates play a crucial role in determining housing demand, affecting both mortgage accessibility and investor behavior. The study explores the correlations between these factors, emphasizing their impact on housing affordability and market stability. CZU: 332.7/.8(478); JEL: E31, E43, R21, R31