<abstract xmlns="http://www.w3.org/1999/xhtml"> Property prices vary on different local real estate markets. Even considering only the largest cities, great disproportions between average unit prices can easily be observed. This problem involves all segments of the real estate market, yet, because of the social &amp; economic importance of housing properties, it takes on special importance on the apartment market. In Warsaw - the capital of Poland and the largest Polish city - prices exceed PLN 10,000 per 1m2 in the best locations and the average price at the end of 2016 in the entire city came to over PLN 7,500 per 1m2. At the sme time, however, average prices in other agglomerations, such as Łódź or Katowice, were equal to approx. PLN 3,500 per 1m2. It is only natural to ask what factors, especially social &amp; economic, contribute to such considerable differences in house prices. This article addresses a group of potential factors underlying the prices of apartments, which have been studied statistically in correlation with average unit prices of apartments in chosen cities.</abstract>

Property prices vary on different local real estate markets. Even considering only the largest cities, great disproportions between average unit prices can easily be observed. This problem involves all segments of the real estate market, yet, because of the social & economic importance of housing properties, it takes on special importance on the apartment market. In Warsaw - the capital of Poland and the largest Polish city - prices exceed PLN 10,000 per 1m2 in the best locations and the average price at the end of 2016 in the entire city came to over PLN 7,500 per 1m2. At the sme time, however, average prices in other agglomerations, such as Łódź or Katowice, were equal to approx. PLN 3,500 per 1m2. It is only natural to ask what factors, especially social & economic, contribute to such considerable differences in house prices. This article addresses a group of potential factors underlying the prices of apartments, which have been studied statistically in correlation with average unit prices of apartments in chosen cities.

An Attempt to Identify Social – Economic Factors in the Levels Of Property Prices in Chosen Cities in Poland

Real Estate Management and Valuation

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Property prices vary on different local real estate markets. Even considering only the largest cities, great disproportions between average unit prices can...

An Attempt to Identify Social – Economic Factors in the Levels Of Property Prices in Chosen Cities in Poland

Published Online: Oct 17, 2018

Page range: 93 - 104

DOI: https://doi.org/10.2478/remav-2018-0028

Keywords
real estate market, prices of apartments, apartment price factors

© 2018 Sebastian Kokot, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

An Attempt to Identify Social – Economic Factors in the Levels Of Property Prices in Chosen Cities in Poland

Published Online: Oct 17, 2018

Page range: 93 - 104

DOI: https://doi.org/10.2478/remav-2018-0028

Keywordsreal estate market, prices of apartments, apartment price factors

© 2018 Sebastian Kokot, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
real estate market, prices of apartments, apartment price factors