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The Impact of Professional and Economic Activity on the Development of Apartments Market

Author

Listed:
  • Anna Olkiewicz
  • Radosław Wolniak
  • Marcin Olkiewicz
  • Martyna Szymczewska

Abstract

Purpose: The aim is to examine to what extent does the professional activity of the population and the economic activity of entrepreneurs affect the development of the apartments‘ market. The subject of the study are local real estate markets – the sector of commercial investments – residential seaside apartments. Design/Methodology/Approach: We analysed data about real estate markets of Polish communes located in Central Pomerania. The values of the analysed indicators were calculated using Excel program and the results were presented in the form of Tables and Figures in Microsoft Excel and ArcMap. Findings: The results show that there is a relationship between the professional activity of the population and the economic activity of entrepreneurs in the tourist communes and the development of the primary and secondary real estate markets. The analysis shows that economic effects of tourism development can influence the income of the commune, an increase in local revenue achieved by entities that manage tourism, high professional activity of the population and economic activity of entrepreneurs as well as the diversification of the economy thus allowing to obtain independence from the economic instability. Practical Implications: The most important practical implication is the statements that there is a need to make new investments in seaside towns in which the tourist market is developing. Originality/Value: The analysis shows that economic effects of tourism development can influence the income of the commune with an increase in the local revenue achieved by entities that manage tourism.

Suggested Citation

  • Anna Olkiewicz & Radosław Wolniak & Marcin Olkiewicz & Martyna Szymczewska, 2020. "The Impact of Professional and Economic Activity on the Development of Apartments Market," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 404-418.
    • Handle: RePEc:ers:journl:v:xxiii:y:2020:i:1:p:404-418
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    References listed on IDEAS

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    Cited by:

    1. Radoslaw Wolniak & Marcin Olkiewicz & Marta Szymczewska & Anna Olkiewicz, 2020. "The Functioning of the Real Estate Market: Dynamics of Price Formation and the Sale of Apartments," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 281-307.
    2. Stanislaw Sirko & Marzena Piotrowska-Trybull & Henryk Wojtaszek, 2020. "Application of Text Mining in the Analysis of Relations between Military Units and Local Government Units," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 430-447.

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    More about this item

    Keywords

    Economy; tourism; market of apartments; economic activity; entrepreneurship.;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

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