The COVID-19 Pandemic, Airbnb and Housing Market Dynamics in Warsaw

Trojanek, Radosław; Głuszak, Michał; Hebdzyński, Michał; Tanaś, Justyna

doi:10.15396/eres2021_187

28th Annual European Real Estate Society Conference 2021

DOI: 10.15396/eres2021_187

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The COVID-19 Pandemic, Airbnb and Housing Market Dynamics in Warsaw

Radosław Trojanek¹,

Michał Głuszak²,

Michał Hebdzyński³

et al.

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The private rental housing market before and during the COVID-19 pandemic: A submarket analysis in Cracow, Poland

Tomal

Helbich

2022

Environment and Planning B: Urban Analytics and City Science

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How the COVID-19 pandemic has altered the segmentation of residential rental markets is largely unknown. We therefore assessed rental housing submarkets before and during the pandemic in Cracow, Poland. We used geographically and temporally weighted regression to investigate the marginal prices of housing attributes over space–time. The marginal prices were further reduced to a few principal components per time period and spatially clustered to identify housing submarkets. Finally, we applied the adjusted Rand index to evaluate the spatiotemporal stability of the housing submarkets. The results revealed that the pandemic outbreak significantly lowered rents and modified the relevance of some housing characteristics for rental prices. Proximity to the university was no longer among the residential amenities during the pandemic. Similarly, the virus outbreak diminished the effect of a housing unit’s proximity to the city center. The market partitioning showed that the number of Cracow’s residential rental submarkets increased significantly as a result of the COVID-19 pandemic, as it enhanced the spatial variation in the marginal prices of covariates. Our findings suggest that the emergence of the coronavirus reshaped the residential rental market in three ways: Rents were decreased, the underlying rental price-determining factors changed, and the spatiotemporal submarket structure was altered.

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The private rental housing market before and during the COVID-19 pandemic: A submarket analysis in Cracow, Poland

Tomal

Helbich

2022

Environment and Planning B: Urban Analytics and City Science

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Wpływ pandemii na funkcjonowanie platformy wynajmu krótkoterminowego Airbnb w miastach – przegląd literatury

Kacprzak

2021

KWOM

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Pandemia COVID-19 wpłynęła na branżę turystyczną na całym świecie, w tym na platformę wynajmu krótkoterminowego Airbnb. Celem niniejszego artykułu jest przedstawienie rezultatów przeglądu literatury na temat pandemii COVID-19 i Airbnb w miastach. Analizą objęto wyselekcjonowane artykuły z baz danych ScienceDirect, Scopus oraz Web of Science. Uzyskane wyniki pozwoliły wyróżnić widoczne trzy główne grupy tematów, skupiające uwagę badaczy. Należą do nich: ilustracja wpływu pandemii na platformę Airbnb, przyszłość serwisu, kierunki dalszych badań. Uwzględniając powyższe oraz przedpandemiczną dyskusję nad Airbnb w miastach, zaproponowano również inne potencjalne problemy badawcze w kontekście analizowanego zjawiska.

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The COVID-19 Pandemic, Airbnb and Housing Market Dynamics in Warsaw

Cited by 2 publications

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The private rental housing market before and during the COVID-19 pandemic: A submarket analysis in Cracow, Poland

The private rental housing market before and during the COVID-19 pandemic: A submarket analysis in Cracow, Poland

Wpływ pandemii na funkcjonowanie platformy wynajmu krótkoterminowego Airbnb w miastach – przegląd literatury

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