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Price Convergence in the Regional Housing Markets in Poland

Price Convergence in the Regional Housing Markets in Poland AbstractAverage 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Real Estate Management and Valuation de Gruyter

Price Convergence in the Regional Housing Markets in Poland

Real Estate Management and Valuation , Volume 27 (2): 9 – Jun 1, 2019

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References (38)

Publisher
de Gruyter
Copyright
© 2019 Konrad Żelazowski, published by Sciendo
ISSN
1733-2478
eISSN
2300-5289
DOI
10.2478/remav-2019-0014
Publisher site
See Article on Publisher Site

Abstract

AbstractAverage 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.

Journal

Real Estate Management and Valuationde Gruyter

Published: Jun 1, 2019

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