Correlation of Economic Development of Countries with the Potential of their Housing Real Estate Markets:  A Case Study in the European Union

Dąbrowski, Ireneusz; Mach, Łukasz; Mikołajczyk, Łukasz; Kuświk, Arkadiusz

doi:10.35808/ersj/1784

Cited by 7 publications

(7 citation statements)

References 17 publications

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“…Similar characteristics can be found in (Funke, Leiva-Leon, and Tsang, 2019). Grouping the EU Member States according to macroeconomic variables, and a comparison of the dynamics of the established groups with the dynamics calculated on the basis of data concerning the real estate market is presented in (Dąbrowski, Mach, Mikołajczyk, and Kuświk, 2020). The main conclusion of the comparison is the identification of the interrelation between the economy and the real estate market.…”

Section: Introductionmentioning

confidence: 65%

Identification of homogeneous groups of real estate markets and the pandemic resilience of the construction sector

Dąbrowski¹,

Mach²,

Mikołajczyk³

et al. 2021

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

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Section: Introductionmentioning

confidence: 65%

Identification of homogeneous groups of real estate markets and the pandemic resilience of the construction sector

Dąbrowski¹,

Mach²,

Mikołajczyk³

et al. 2021

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

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“…W ostatnich latach obserwujemy też rekordowy od ponad 13 lat wzrost cen mieszkań. Badania wykazujące istnienie związku między dynamiką cen mieszkań a rozwojem gospodarczym były prowadzone również w odniesieniu do wybranych rynków lokalnych (Wolniak i in., 2020), a także w ujęciu przestrzennym (Tomal, 2019) i międzynarodowym (Dąbrowski i in., 2020). Publikowane są wyniki badań dotyczących mechanizmów rządzących dynamiką cen nieruchomości (Belej i Kulesza, 2015;Żelazowski, 2017) oraz dostępności dochodowej mieszkań w wybranych miastach w Polsce i Europie (Kokot, 2018).…”

Section: Wprowadzenieunclassified

Real flat prices on the secondary market in selected cities in Poland

Kokot

2022

Wiadomości Statystyczne. The Polish Statistician

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The paper presents the shaping of average flat prices on the secondary market in selected cities in Poland in the years 2006–2020. In this period, the subsequent phases of price shaping were: price increase, correction, stabilisation and another increase. The aim of the research discussed in this paper is to assess the differences between housing prices made real on the basis of the following indices: inflation, salary growth, and increasing creditworthiness. The study also focuses on the assessment of the consequences of the above-mentioned differences for the shaping of the housing market. The analysis was performed on the basis of public data from Statistics Poland and the National Bank of Poland. The research demonstrates that despite nominal increases in flat prices, they are available relatively easily. This is thanks to increasing average salaries and buyers’ creditworthiness, and the fact the market is able to accept housing prices adjusted by the creditworthiness indicator at a record-high level.

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“…Wolniak et al, 2020), as well as spatially (e.g. Tomal, 2019) and internationally (Dąbrowski et al, 2020). Several similar studies on the relationship between housing price dynamics and economic development relate to selected local markets (e.g., Wolniak et al, 2020), as well as to geographical (e.g., Tomal, 2019) and international (Dąbrowski et al, 2020) aspects.…”

Section: Introductionmentioning

confidence: 99%

“…Tomal, 2019) and internationally (Dąbrowski et al, 2020). Several similar studies on the relationship between housing price dynamics and economic development relate to selected local markets (e.g., Wolniak et al, 2020), as well as to geographical (e.g., Tomal, 2019) and international (Dąbrowski et al, 2020) aspects. Also, some study results have been published as an attempt to explain the mechanisms governing the dynamics of real estate prices (e.g., Belej & Kulesza 2015;Zelazowski, 2017).…”

Section: Introductionmentioning

confidence: 99%

The Effect of Price Anchoring on the Housing Market Based on Studies of Local Markets in Poland

Kokot

2023

Real Estate Management and Valuation

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The article attempts to explain market levels of housing prices by supplementing the set of typical objective explanatory variables with variables of behavioral background. The proposed explanatory variables reflect the anchoring effect of prices, understood as the acceptance by market participants of such price levels that are justified not only in terms of socio-economic factors, but also in levels entrenched in their minds. The purpose of the study is to show that the anchoring effect identified through behavioral economics can be generalized and applied to the market behavior of many market participants, and thus explain the weak correspondence between listed housing prices and their objective factors. The study covers 17 local real estate markets in Poland and employs econometric models built under slightly modified procedures of backward stepwise regression.

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Correlation of Economic Development of Countries with the Potential of their Housing Real Estate Markets: A Case Study in the European Union

Cited by 7 publications

References 17 publications

Identification of homogeneous groups of real estate markets and the pandemic resilience of the construction sector

Identification of homogeneous groups of real estate markets and the pandemic resilience of the construction sector

Real flat prices on the secondary market in selected cities in Poland

The Effect of Price Anchoring on the Housing Market Based on Studies of Local Markets in Poland

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