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Primary and Secondary Residential Real Estate Markets in Poland – Analogies in Offer and Transaction Price Development

Primary and Secondary Residential Real Estate Markets in Poland – Analogies in Offer and... Abstract The paper presents the results of a comparison of the development of mean offer and transaction prices per 1m2 in primary and secondary residential real estate markets in 16 provincial capital cities in Poland, during the time period from the 3rd quarter of 2006 to the 3rd quarter of 2012. The quarterly data came from the residential real estate price database of the National Bank of Poland (NBP). The research concerns the dependencies in the residential real estate market between the following four price categories: offer prices in the primary market, transaction prices in the primary market, offer prices in the secondary market and transaction prices in the secondary market. For each city, the dynamics of each price category per 1m2, the existence of a linear correlation between the individual mean price categories in chosen subintervals and their convergence and variability in time were studied and compared. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Real Estate Management and Valuation de Gruyter

Primary and Secondary Residential Real Estate Markets in Poland – Analogies in Offer and Transaction Price Development

Real Estate Management and Valuation , Volume 21 (1) – May 1, 2013

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Publisher
de Gruyter
Copyright
Copyright © 2013 by the
ISSN
1733-2478
eISSN
1733-2478
DOI
10.2478/remav-2013-0006
Publisher site
See Article on Publisher Site

Abstract

Abstract The paper presents the results of a comparison of the development of mean offer and transaction prices per 1m2 in primary and secondary residential real estate markets in 16 provincial capital cities in Poland, during the time period from the 3rd quarter of 2006 to the 3rd quarter of 2012. The quarterly data came from the residential real estate price database of the National Bank of Poland (NBP). The research concerns the dependencies in the residential real estate market between the following four price categories: offer prices in the primary market, transaction prices in the primary market, offer prices in the secondary market and transaction prices in the secondary market. For each city, the dynamics of each price category per 1m2, the existence of a linear correlation between the individual mean price categories in chosen subintervals and their convergence and variability in time were studied and compared.

Journal

Real Estate Management and Valuationde Gruyter

Published: May 1, 2013

References