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FUNDAMENTAL ECONOMIC FACTORS THAT INFLUENCE THE REAL ESTATE VALUE: COMPARATIVE ANALYSIS BETWEEN KOSOVO AND SLOVENIA FROM REGULATORY PERSPECTIVE Author: Visar Hoxha Mentor: Alenka Temeljotov Salaj Abstract The purpose of this study is to provide strategic implications for real estate appraisers and real estate marketers to know the economic determinants of real estate price dynamics in Kosovo from the legal perspective. The fundamental economic determinants of real estate value, adopted from previous studies, are GDP growth, labor market, and wages. The research methodology used is comparative analysis. The main question addressed is whether the conventional fundamental determinants of house prices, such as GDP per capita, real interest rates, demographic factors, and construction costs have driven observed house prices in Kosovo and Slovenia and how the laws in Kosovo and Slovenia had an impact on this. By comparing the relevant legislation between two countries, the study shows the effects of legislation on the link between fundamental economic factors and real estate price dynamics. We show that house prices in Kosovo are significantly determined by the underlying conventional fundamentals. This is the first research of tries to determine whether the fundamental economic factors influence the real estate prices in Kosovo and the size of the impact that the legislation has on the linkage between fundamental economic factors and real estate prices. Keywords: economic factors, regulatory perspective, real estate value, Slovenia, Kosovo