The effect of perpetual usufruct on single-family house prices in Poznań

Radosław Trojanek , Justyna Tanaś , Maria Trojanek

Abstract

The 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%.
Author Radosław Trojanek (WZ / KM)
Radosław Trojanek,,
- Department of Microeconomics
, Justyna Tanaś - University of Gdańsk (UG), MNiSW [80]
Justyna Tanaś,,
-
, Maria Trojanek - Wyższa Szkoła Bankowa w Poznaniu
Maria Trojanek,,
-
Journal seriesJournal of International Studies, ISSN 2071-8330, e-ISSN 2306-3483, (N/A 70 pkt)
Issue year2019
Vol12
No3
Pages212-221
Publication size in sheets0.5
Keywords in Polishrynek nieruchomości mieszkaniowych
Keywords in Englishhousing market
ASJC Classification2002 Economics and Econometrics; 3312 Sociology and Political Science
DOIDOI:10.14254/2071-8330.2019/12-3/17
URL https://www.jois.eu/?547,en_the-effect-of-perpetual-usufruct-on-single-family-house-prices-in-poznan
Languageen angielski
Score (nominal)70
Score sourcejournalList
ScoreMinisterial score = 70.0, 08-04-2020, ArticleFromJournal
Publication indicators Scopus SNIP (Source Normalised Impact per Paper): 2018 = 0.651
Citation count*3 (2020-08-02)
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
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