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Lukas Makovsky

Lecturer of Real Estate

Image of Lukas Makovsky


  • Urban Economics, 
  • Spatial Planning Regulation, 
  • Real Estate Finance


EM 162, Whiteknights Campus

Lukas is a Lecturer in Real Estate within the Department of Real Estate & Planning.

Lukas studies topics in the intersection of Urban Economics and Urban and Regional Planning. In his research he utilizes both partial equilibrium econometric tools and full equilibrium quantitative spatial models.

Before joining University of Reading, Lukas studied PhD in Economic Geography at the London School of Economics and Political Science. Prior that he worked as a city planner at the Prague Institute of Planning and Development and worked for Deloitte Czech Republic in Real Estate Advisory.

Personal site


  • PhD in Economic Geography, the London School of Economics and Political Science (not defended yet)
  • MA in Applied Economics, Center for Economic Research and Graduate Education – Economics Institute (CERGE-EI)
  • Master degree in Architecture and Urbanism, Czech Technical University in Prague (graduated with honour)


Makovsky, L. (2023) Planning Constraints and Spatial Misallocation: Evidence from Lifting the Iron Curtain

Makovsky, L. (2023) Estimating Agglomeration Economies without Wages: a Quantitative Spatial Model Approach Exploiting Commuting Patterns

Makovsky, L. (2023) The Impact of Noise on Open Space Amenity Value: Evidence from Cross-Sectional and Quasi-Experimental settings in Prague

Policy Papers

Deloitte (2021) Analysis, recommendations and legislative proposals for a Building Act reform in the area of spatial planning

Document commissioned jointly by the European Commission – DG REFORM & Ministry of Regional Development of the Czech Republic (Document elaborated by the Deloitte Consulting & Advisory CVBA, Lukas served as a team member in the Spatial planning stream)

Professional Experience

Deloitte Czech Republic, Real Estate Advisory (2018 – 2023)

Prague Institute of Planning and Development (2015 – 2018)

Xtopix – architecture design studio (2014 – 2015)