The effect of perpetual usufruct on single-family house prices in Poznań
Radosław Trojanek , Justyna Tanaś , Maria Trojanek
AbstractThe paper explores the influence of the perpetual usufruct (a form of owning the ground similar to a long-term lease in Poland) on house prices in Poznań. The research is based on a data set of 1074 geo-coded single-family houses transactions for the years 2010 to 2015. In this research, the hedonic method was used in Ordinary Least Squares (OLS), Weighted Least Squares (WLS) and Median Quantile Regression (Median QR) models. We found substantial evidence that single-family houses constructed on perpetual usufruct lots are discounted on average at 4.1%.
|Journal series||Journal of International Studies, ISSN 2071-8330, e-ISSN 2306-3483, (N/A 70 pkt)|
|Publication size in sheets||0.5|
|Keywords in Polish||rynek nieruchomości mieszkaniowych|
|Keywords in English||housing market|
|Score||= 70.0, 08-04-2020, ArticleFromJournal|
|Publication indicators||: 2018 = 0.651|
|Citation count*||3 (2020-08-02)|
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.