The effect of perpetual usufruct on single-family houses in Poznań

Trojanek, Radosław; Tanaś, Justyna; Trojanek, Maria

doi:10.14254/2071-8330.2019/12-3/17

Cited by 11 publications

(7 citation statements)

References 21 publications

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“…In addition, the location in LUA, the increase in distance from the city center, urban green areas, and lakes negatively impacted the apartment's price. This supports the findings of earlier studies in Poland [56][57][58][59][60][61][62][63]. The differences in parameter values between OLS and QR models were small.…”

Section: Price Modelling and Mappingsupporting

confidence: 90%

Towards Increasing Residential Market Transparency: Mapping Local Housing Prices and Dynamics

Cellmer

Trojanek

2019

IJGI

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This article attempts to use spatial maps as a way of presenting additional information about the phenomena occurring in the housing market. In our opinion, spatial maps may facilitate understanding and provide more detailed information, which undoubtedly should increase the transparency of the housing market. The study used 12,219 transactions of apartments in Poznań in the years 2013–2017. General principles of price visualization activity and housing market dynamics were established in this study. The map of prices may reflect the location values determined by the quality of the urban infrastructure, distance from specific locations, and environmental factors. Market activity maps reveal areas where the market is dynamically developing, while information on trends in the number of transactions and price changes may demonstrate the growing or declining attractiveness of areas. The research is based on a model of hedonic regression in the form of ordinary least squares (OLS), quantile regression (QR), and geographically weighted regression (GWR). The maps presented should increase the transparency of the residential market (e.g., by providing more detailed information). However, one should bear in mind the limitations in the use of these methods resulting from a small number of transactions in a thin market.

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Section: Price Modelling and Mappingsupporting

confidence: 90%

Towards Increasing Residential Market Transparency: Mapping Local Housing Prices and Dynamics

Cellmer

Trojanek

2019

IJGI

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“…Within local conditions, the HPM was the basic tool for determining, e.g., the nature of the impact of selected factors that are related to noise generated by air traffic or the accessibility of urban green areas on the value of residential properties in several major Polish cities, such as Warsaw [56,57], Krakow [58,59], or Pozna ń [60,61]. On the other hand, in terms of advantages (transport accessibility) or disadvantages (emitted noise) resulting from the accessibility of the public transport infrastructure on the value of residential properties, the analyses were conducted mainly in the United States [62][63][64][65], the southern European countries [66,67], and Asia [68][69][70].…”

Section: Methodsmentioning

confidence: 99%

The Impact of Urban Public Transport on Residential Transaction Prices: A Case Study of Poznań, Poland

Chwiałkowski

Zydroń

2022

IJGI

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This study aims to determine the magnitude and nature of the impact of public urban transport accessibility on the value of residential properties in Poznań. The study was based on 2561 residential transactions completed within the study area in 2020. The input data obtained from the Board of Geodesy and Municipal Cadastre “GEOPOZ” were analysed statistically and spatially. The main part of both the spatial and the statistical analysis was performed using the hedonic pricing method (HPM)-OLS (ordinary least squares) and WLS (weighted least squares). The use of statistical tools enabled the finding of evidence to prove that the convenient accessibility of trams is positively related to housing prices. This has also been confirmed by previous research works conducted in other parts of the world. However, the collected data did not enable the identification of statistically significant relationships between housing prices and the distance from bus stops. The study also attempts to use spatial choropleth maps to clearly illustrate the mechanisms within the local housing market.

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“…Location is the main factor leading to the quality of housing and welfare homes. Location can be defined as a place to interact with the convenient accessibility that people can get to meet their preferences (Zrobek et al, 2015). Adegoke (2014) pointed out that the location of all types of residential properties mainly depends on the accessibility of their locations to buyers.…”

Section: Literature Reviewmentioning

confidence: 99%

The Importance of Location in Housing Purchase Decision: “Location, Location, Location” is a Common Mantra in Real Estate

Hassan

2023

IJARBSS

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Housing preferences, crucial for homebuying choices, are influenced by diverse factors. The surplus of unsold residential units in the country stems from pricing mismatches, inadequate location appeal, and other elements. The real estate industry's maxim, "Location, location, location," holds profound significance, impacting housing project success and yielding highprofit returns. This article delves into location's pivotal role in housing decisions, drawing insights from previous research, real estate news, and expert discussions on websites. Valuable information shared by real estate professionals aids homebuyers and investors. Additionally, the article contributes to future housing research through literature reviews. Emphasizing the importance of prime locations, it summarizes Malaysia's property landscape, aligning with specific criteria. The phrase underscores location's influence on lifestyle, demand, and desirability, while modern trends and various factors also shape supply and demand dynamics. Desirability extends beyond location to encompass sustainability and community engagement, blurring with property features. Evolving perceptions of an ideal location reflect diverse preferences, necessitating an understanding of shifting trends and subjectivity. This knowledge empowers buyers and investors to navigate the intricate interplay between location and other determinants, facilitating well-informed choices.

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The effect of perpetual usufruct on single-family houses in Poznań

Cited by 11 publications

References 21 publications

Towards Increasing Residential Market Transparency: Mapping Local Housing Prices and Dynamics

Towards Increasing Residential Market Transparency: Mapping Local Housing Prices and Dynamics

The Impact of Urban Public Transport on Residential Transaction Prices: A Case Study of Poznań, Poland

The Importance of Location in Housing Purchase Decision: “Location, Location, Location” is a Common Mantra in Real Estate

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