Changes On the Housing Market of the Downtown Area in Selected Polish Cities

Izabela Rącka , Sławomir Palicki , Małgorzata Krajewska , Kinga Szopińska , Olgierd Kempa

Abstract

Large Polish cities are currently dealing with an increasing significance of downtown areas, extending outside of the city centers (meaning the area directly surrounding the city square). The downtown alone seems to influence the fate of entire cities, facilitating their success or contributing to their failure. A good demographic, social and economic condition of a downtown, its positive image and the dynamic development of the part of the city perceived as the business and administration centre and a meeting place of residents and tourists, contribute to the image and potential of the whole city to a great extent. Changes in urban surroundings, the signs of which may be observed in spatial, aesthetic, architectural, urban-planning and socio-economic aspects, determine the functioning and condition of local real estate markets. Whether potential buyers consider the real estate attractive depends on the assessment of its significant features, of which transaction price is representative. The main research objective of the article is the identification, assessment and interpretation of differences in prices registered in the years 2009-2014 in downtown residential real estate markets. These considerations have been referred to analogical phenomena within the entire cities under examination. The detailed research objective is an attempt to explain the sources of individual reactions of the analyzed real estate markets in downtown areas. The cities under research include: Bydgoszcz, Kalisz, Toruń and Wrocław. The authors applied quantitative analysis (statistical, comparative) to transaction data registered in local residential real estate markets.
Author Izabela Rącka - Państwowa Wyższa Szkoła Zawodowa im. Prezydenta Stanisława Wojciechowskiego w Kaliszu
Izabela Rącka,,
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, Sławomir Palicki (WZ / KIiN)
Sławomir Palicki,,
- Department of Investment and Real Estate
, Małgorzata Krajewska - Uniwersytet Mikołaja Kopernika w Toruniu, MNiSW [80]
Małgorzata Krajewska,,
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, Kinga Szopińska - Uniwersytet Technologiczno-Przyrodniczy im. Jana i Jędrzeja Śniadeckich w Bydgoszczy (UTP), MNiSW [80]
Kinga Szopińska,,
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, Olgierd Kempa - Uniwersytet Przyrodniczy we Wrocławiu, MNiSW [80]
Olgierd Kempa,,
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Journal seriesReal Estate Management and Valuation, [Studia i Materiały Towarzystwa Naukowego Nieruchomości], ISSN 1733-2478, e-ISSN 2300-5289, [2300-5289], (B 12 pkt)
Issue year2017
Vol25
No2
Pages79-90
Publication size in sheets0.55
Keywords in Englishhousing, residential, urban, downtown, prices
ASJC Classification1406 Marketing; 1408 Strategy and Management; 2002 Economics and Econometrics; 2003 Finance
DOIDOI:10.1515/remav-2017-0015
URL https://www.degruyter.com/downloadpdf/j/remav.2017.25.issue-2/remav-2017-0015/remav-2017-0015.pdf
Languageen angielski
Score (nominal)12
Score sourcejournalList
ScoreMinisterial score = 12.0, 10-01-2020, ArticleFromJournal
Publication indicators Scopus SNIP (Source Normalised Impact per Paper) [Not active]: 2017 = 0.597
Citation count*3 (2020-09-18)
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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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