Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Selected Demographic Aspects of Buyers’ Activity on the Local Housing Market

Selected Demographic Aspects of Buyers’ Activity on the Local Housing Market Abstract Demographic factors next to economic, political and legal ones, are important elements determining the development of the housing market. The analysis of the age structure of the population and of the dynamics of change shows that the population of baby boomers in the age group that is actively entering the labor market and becoming independent is a stimulant for the development of the housing market. Individuals who are gaining economic independence generate new needs and, with appropriate financial resources, also future demand for their own accommodation. Deliberations regarding the housing market benefit noticeably from the analysis of home buyers’ age structure, especially in the context of the family life cycle. This issue became the focus of our study, which aims to determine the age of apartment buyers on the local market during an economic downturn and state interventionism in the form of preferential mortgages. The analysis makes use of information from notarial acts (including the personal identity number PESEL - the year of birth of the purchaser) and statistical tools. The results of the study may support the decisions and direction of state aid aimed at meeting housing needs. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Real Estate Management and Valuation de Gruyter

Selected Demographic Aspects of Buyers’ Activity on the Local Housing Market

Real Estate Management and Valuation , Volume 22 (4) – Feb 6, 2015

Loading next page...
 
/lp/de-gruyter/selected-demographic-aspects-of-buyers-activity-on-the-local-housing-8dlb5VBnIY
Publisher
de Gruyter
Copyright
Copyright © 2015 by the
ISSN
2300-5289
eISSN
2300-5289
DOI
10.2478/remav-2014-0040
Publisher site
See Article on Publisher Site

Abstract

Abstract Demographic factors next to economic, political and legal ones, are important elements determining the development of the housing market. The analysis of the age structure of the population and of the dynamics of change shows that the population of baby boomers in the age group that is actively entering the labor market and becoming independent is a stimulant for the development of the housing market. Individuals who are gaining economic independence generate new needs and, with appropriate financial resources, also future demand for their own accommodation. Deliberations regarding the housing market benefit noticeably from the analysis of home buyers’ age structure, especially in the context of the family life cycle. This issue became the focus of our study, which aims to determine the age of apartment buyers on the local market during an economic downturn and state interventionism in the form of preferential mortgages. The analysis makes use of information from notarial acts (including the personal identity number PESEL - the year of birth of the purchaser) and statistical tools. The results of the study may support the decisions and direction of state aid aimed at meeting housing needs.

Journal

Real Estate Management and Valuationde Gruyter

Published: Feb 6, 2015

References