Applying the Phenomenon of Real Estate Market Subject Translocality to Determine the Regional Development Level of Polish Voivodeships

Abstract

The article pertains to the issue of subject translocality on the real estate market and indicates the scope of its practical application connected with determining the level of the economic development of voivodeships. The issue of real estate market subject translocality was analyzed on the basis of a review of literature connected with the locality of the real estate market in its subject plane, as well as by setting apart a category referring to the subject plane of the real estate market. The work is of an empirical nature. In this part, coefficients of real estate market subject translocality were used in order to assess the level of development of individual voivodeships. Cluster analysis was also used in order to establish the groups of voivodeships similar in terms of the level of real estate market subject translocality.

An Analysis of the Relationships Between Domestic Real Estate Markets – A Systemic Approach

“…International links are established indirectly by relying on international mortgages, transfer of ownership rights and the effects of institutional investments. Buyers, developers and financing banks are increasingly mobile, which contributes to the translocal character of the housing market (SÖDERSTRÖM, GEERTMAN 2013;MAIN, SANDOVAL 2015;BRZEZICKA, WISNIEWSKI 2015, 2016PORST, SAKDAPOLRAK 2017).…”