The aim of the article is to determine the impact of the COVID-19 pandemic on the level of housing rents using the example of the City of Krakow. This study is based on objective data on rental prices and subjective information obtained from real estate agents using a questionnaire survey. The research revealed that the first wave of the COVID-19 pandemic actually led to a 6-7% decrease in prices in the rental market in Krakow, while at the same time the surveyed real estate agents had estimated that rents would drop by about 13%. With the second wave of the pandemic, it is possible to see that its immediate impact, i.e. between the third and fourth quarter of 2020, has led to a further 6.25% drop in rents. It should be noted that the latter decrease was very accurately predicted, both by the survey respondents and by the econometric models used. Finally, the results of the analysis also indicated that the worsening of the pandemic in the last quarter of 2020 will have a significant impact on rent levels in Krakow for all of next year. Regardless of how the economy develops, rental prices are forecast to fall further in 2021q1. However, in the subsequent quarters of 2021, rents are projected to increase, but ultimately their level will not return to pre-pandemic values even in 2021q4. The latter is likely to happen only in the second half of 2022.
The main goal of this paper is to present the role of individual concepts of public management in the process of real estate management in Polish municipalities. Special attention was given to New Public Management (NPM) as well as Good Governance (GG). The paper, apart from a review of literature and its critique, is based on the results of a survey conducted among municipalities belonging to the Kraków Metropolitan Area. This study demonstrates that both the NPM and the GG concepts do not constitute a benchmark model in the practice of municipal real estate management in Poland. The concepts are treated more as a set of tools from which the majority of municipalities choose only some, selected instruments.
Purpose
This paper aims to discuss the link between socio-economic characteristics of house buyers and their housing location choices. The major objective of the study is an examination of the role of household socio-economic characteristics. The research addresses the importance of previous residence location and latent housing motives for intra-urban housing mobility.
Design/methodology/approach
The research examines housing preferences structure and analyzes housing location choices in the city of Krakow (Poland) using discrete choice model (conditional logit model). The research is based on stated preference data from Krakow.
Findings
The results of this study suggest that demand for housing alternatives is negatively linked to the distance from current residence. Other factors stay equal, the further the distance, the less likely a household is willing to choose a location within the metropolitan area. The study indicates that housing motives can help explain housing location decisions.
Practical implications
The paper provides an empirical assessment of housing decisions in Krakow, one of the major metropolitan areas in Poland.
Originality/value
The paper contributes to a better understanding of the nature of housing decision and housing preferences in emerging markets in Central and Eastern Europe. As a result, presented research helps to fill the gap in housing market and urban economics literature.
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