| Abstract [eng] |
At the first part of the master work there were defined that the real estate is an economic resource at the disposal of the economic entity, with the value and ownership. Result of the interaction between the real estate supply and demand is the real estate market - the main economic indicator of the state. There also were summarized by various authors opinion that the current global financial crisis had caused by real estate price bubble and the crisis in financial markets. Empirical master's work thesis were found that the construction sector in Lithuania had the tendency to increase till 2009. The largest drop recorded was found in residential building construction sector. The only engineering construction sector has maintained a similar tendencies because of the EU funds projects development. There was found that the financial crisis in Lithuania occurred by the increasing interest rate and tightening of lending conditions in the commercial banks. Later the financial crises was developed into an economic crises, resulting in Lithuania increased unemployment, declining capital investment and tax revenues, increasing the country’s fiscal deficit. Constructive part of the master work provides that Lithuania was in a situation, when during the financial and economic crisis, were declined tax collection to the state budget and increased the amount of VILIBOR level (especially in the second half of 2008 - the first half of 2009). These two indicators of crisis were influenced the income of the construction industry - they are significantly decreased. So, the economic and financial crisis in the country affected by the construction sector and led it’s revenue loss. |
