Abstract
Real estate bubbles are a popular term for the situation where residential property prices moves far from its fundamentally-based value.To sum up, the approximate identification of residential property market bubbles is possible ex post, but necessary conditions are: (i) continuous monitoring of residential property prices based on different data sources, (ii) utilization of the entire range of methods and models available, from the simplest (trend curves and filters) to comprehensive approaches (models taking into consideration offer and demand factors and other theoretical models), (iii) creation of structurally rich models (facilitating examination of the effects of residential property market bubbles), (iv) respecting specifics across countries and markets.