Economic Determinants of Residential Market Development in Poland – Classification (Part I)
Journal Title: Zarządzanie i Finanse - Year 2014, Vol 12, Issue 1
Abstract
The aim of the study is to identify and classify the economic determinants of the development of the residential market in Poland in the years 2000–2012. Implementation of the purpose of the study was based on the Polish and foreign literature on the theory of the real estate market. Development of the residential market, on the one hand - refers to the resources that shape the ability of enterprises and individual investors to realize a growing number of dwellings. On the other hand, the development of this market is determined by factors occurring on the demand side, especially households income. Determinants of the development of the housing market can be dealt from the market mechanism perspective. In this approach the factors affecting demand and supply of dwellings are listed. They are shaped by processes taking place in different areas of the housing market, as well as in all areas of macro environment. Both the one and the other constitute the economic conditions of the residential market development.
Authors and Affiliations
Magdalena Gostkowska-Drzewicka, Ewelina Pestka
Keywords
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