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References AKIMOV A., STEVENSON S., YOUNG J., 2015, Synchronisation and commonalities in metropolitan housing market cycles, Urban Studies Vol. 52, Issue 9, pp. 1665-1682 BANDT O., KNETSCH T., PEÑALOSA J., ZOLLINO F., 2010, Housing Markets in Europe: A Macroeconomic Perspective, Springer Science & Business Media. BARRAS R., 1994, Property and Economic Cycle: Building Cycles Revised, Journal of Property Research, No 11, pp. 183-197. BAXTER M., KING R.G., 1999, Measuring Business Cycles: Approximate Bandpass Filters, The Review of Economics and Statistics, 81

] Butryn K., Preweda E., The primary market of parking places against the background of the primary housing market and planning policy on the example of Krakow , International Conference on Environmental Engineering, ICEE, 2017. [5] Del Giudice V., De Paola P., Francesca T., Nijkamp, P.J., Shapira, A., Real Estate Investment Choices and Decision Support Systems , MDPI, 2019. [6] Farraz M.A., Barus L.S., Housing Preferences and Choice Young Families Commuters in Depok City , Indonesia, IOP Conference Series: Earth and Environmental Science 264(1), 2019. [7] Flambard V

6. References Álvarez, L. J., Bulligan, G., Cabrero, A., Ferrara, L., & Stahl, H. (2010). Housing Cycles in the Major Euro Area Countries. In O. de Bandt, T. Knetsch, J. Peñalosa, & F. Zollino (Eds.), Housing Markets in Europe (pp. 85–103). Springer. Agnello, L., Castro, V., & Sousa, R. M. (2018). Economic activity, credit market conditions and the housing market. Macroeconomic Dynamics, 22 (7), 1769–1789. Agnello, L., Castro, V., & Sousa, R. M. (2019). The Housing Cycle

References Andersson, A. E., Pettersson, L., & Strömquist, U. (2007). European Metropolitan Housing Markets. Springer Science & Business Media. Retrieved from City of Helsinki. (2017). Rental dwelling. Retrieved September 5, 2018, from Central Statistical

_Estate_Guide_Book_2014/$FILE/EY_Re al_Estate_Guide_Book_2014.pdf, 20.06.2014. FORYŚ I., 2011, Społeczno-gospodarcze determinanty rozwoju rynku mieszkaniowego w Polsce, WNUS, Szczecin. GAN C., LI Z., WANG W., KAO B., 2012, Credit scoring in mortgage lending: evidence from China , International Journal of Housing Markets and Analysis, Vol. 5 Iss: 4, pp. 334–350. GROSSE R., 2012, Bank regulation, governance and the crisis: a behavioral finance view , Journal of Financial Regulation and Compliance, Vol. 20 Iss: 1, pp. 4–25. GUS 2013, Budownictwo mieszkaniowe w latach 1989-III kwartał

:// DiPasquale, D., & Wheaton, W. C. (1992). The markets for real estate assets and space: A conceptual framework. Journal of the American Real Estate and Urban Economics Association, 20 , 181-197. Farkas M., Horváth Á., & Vincze J. (2010). Agent learning in the housing market’s Wheaton model (In Hungarian: Ágens alapú tanulás a lakáspiac Wheaton-féle modelljében). The 4th Annual Conference of the Hungarian Society of Economics, Working paper ,1-16. Gudell, S. (2018. január 3). Total value of all U

-85. D ittmann I., 2014, Gamma konwergencja cen na lokalnych rynkach mieszkaniowych w Polsce (Gamma convergence of prices on local housing markets in Poland) , Studia Ekonomiczne, no. 181, Uniwersytet Ekonomiczny w Katowicach, pp. 195-207. D ittmann I., 2012, Lokalne rynki mieszkaniowe w Polsce – podobieństwo pod względem zmian cen transakcyjnych oraz dostępności mieszkań (The local residential markets in Poland – similarity in terms of changes in transaction prices and availability) , Studia i Materiały Towarzystwa Naukowego Nieruchomości vol. 20 No 1, Olsztyn, pp

6. References A gnello L., S chuknecht L., 2011, Booms and busts in housing markets: Determinants and implications , Journal of Housing Economics, 20(3), pp. 171–190. A monhaemanon D., D e C euster M.J.K., A nnaert J., L e L ong H., 2013, The Inflation-hedging Ability of Real Estate Evidence in Thailand: 1987-2011 , Procedia Economics and Finance, 5, pp. 40-49. A rtis M., 2003, Is there a European business cycle? CESifo, Working Paper No. 1053. B all M., M orrison T., W ood A., 1996, Structures investment and economic growth: a long


The author endeavoured to define profiles and preferences of buyers on the primary housing market in Poznań. To achieve this aim, the author used data obtained from notarial deeds concerning transactions entered into on the primary housing market in Poznań in the period 2010-2011.

The study was conducted among the biggest groups of buyers (i.e., women, men and married couples - 90% of those analyzed). The number of transactions encompassed in the study amounted to 1,648 (after selection and rejection of transactions with an incomplete description, e.g., incomplete information in the land register).


The housing market is not only an important component of the national economy; it is also a place of meeting the basic and fundamental needs for the functioning of households. The structure of housing markets and their performance are primarily driven by local and national factors. This results mainly from the specificity of real estate (primarily from its immobility), historical factors, economic conditions, as well as from institutional environment. However, in the process of integration of the European economies, one can see a growing trend towards the unification of the housing markets.

The aim of the paper is to assess the scope and scale of convergence processes in the European housing markets. The study covers the main characteristics of the markets, including: the size of the national housing stock and its ownership structure, the importance of residential properties in households’ assets, and the share of housing expenditure in households’ total consumption expenditure. The occurrence of three most popular types of convergence was investigated: beta, sigma, and gamma convergence.