<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Average prices of residential real estate usually show significant variation on a regional basis. This reflects different social, economic or historical conditions for the development of these markets. In addition, research so far has not provided strong evidence supporting convergence in the level of property prices in the regional dimension. The lack of price convergence, however, does not exclude convergence in the direction and strength of price changes.</p><p>The article is an attempt to answer the question of whether price trajectories in the regional housing markets in Poland show long-term similarity. To this end, econometric analysis of the dynamics of relative prices in the voivodship markets with the use of quarterly data from the years 2002-2016 has been conducted.</p></abstract>

Average prices of residential real estate usually show significant variation on a regional basis. This reflects different social, economic or historical conditions for the development of these markets. In addition, research so far has not provided strong evidence supporting convergence in the level of property prices in the regional dimension. The lack of price convergence, however, does not exclude convergence in the direction and strength of price changes.The article is an attempt to answer the question of whether price trajectories in the regional housing markets in Poland show long-term similarity. To this end, econometric analysis of the dynamics of relative prices in the voivodship markets with the use of quarterly data from the years 2002-2016 has been conducted.

Price Convergence in the Regional Housing Markets in Poland

Real Estate Management and Valuation

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

{"article-title":"Price Convergence in the Regional Housing Markets in Poland"}

Average prices of residential real estate usually show significant variation on a regional basis. This reflects different social, economic or historical...

Price Convergence in the Regional Housing Markets in Poland

Published Online: Jul 12, 2019

Page range: 44 - 52

DOI: https://doi.org/10.2478/remav-2019-0014

Keywords
Polish housing market, price convergence, SURADF test, panel unit root tests

© 2019 Konrad Żelazowski, published by Sciendo

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

Price Convergence in the Regional Housing Markets in Poland

Published Online: Jul 12, 2019

Page range: 44 - 52

DOI: https://doi.org/10.2478/remav-2019-0014

KeywordsPolish housing market, price convergence, SURADF test, panel unit root tests

© 2019 Konrad Żelazowski, published by Sciendo

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

Keywords
Polish housing market, price convergence, SURADF test, panel unit root tests