Visegrad Region Dependency on Mining Industries

material prices on housing prices and real estate investment in the
Visegrad region (Poland, the Czech Republic, Slovakia, and
Hungary) from 2014 to 2023. Given the historical and economic links
of this region with the development of the mining sector, the study
aims to assess how fluctuations in raw material prices (e.g., coal,
copper, steel) affect housing price dynamics and real estate
investment decisions. The analysis uses Eurostat and World Bank
data on key raw material prices, house price indices, and real estate
investment flows. Panel regression analysis was used to identify the
relationship between raw material price changes and housing prices,
and the ARIMA model was used to forecast the impact of raw
material prices on housing market trends. The study results show that
the mining sector remains important for the real estate market of the
Visegrad countries, and raw material price fluctuations have a
significant impact on both residential real estate prices and
investment flows to the housing sector in this region. In countries
where mining remains the primary industry, property prices tend to
be more cyclical. This highlights the importance of the mining
industry to the housing market and the need to enhance risk
management in the property sector in response to economic
fluctuations.