IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v12y2020i2p683-d309905.html
   My bibliography  Save this article

Moving towards a Smarter Housing Market: The Example of Poland

Author

Listed:
  • Mateusz Tomal

    (Department of Real Estate and Investment Economics, Cracow University of Economics, Rakowicka 27, 31-510 Cracow, Poland)

Abstract

Cities are currently undergoing vast changes, which have very significant implications for the functioning of the housing market. In particular, it should be stated that the traditional residential market, in imitation of the smart city concept, is becoming increasingly smarter. This smartness can be expressed in four dimensions: the “automatic” rental housing market; innovative digital platforms in the traditional housing market; innovative policies and housing models; and the ability to forecast demand on the housing market, which together form the so-called smart housing concept. On this basis, this study attempted to assess empirically the smartness of the residential markets in Polish provincial capitals. Firstly, after a thorough analysis of digital housing portals, official websites of Polish provincial capitals and public statistics data, the smart housing concept was operationalised in all its dimensions by defining appropriate indicators measuring its level in a given city. Then, using the zero unitarization and entropy weight methods, followed by a no-pattern synthetic measure, a comprehensive smart housing index was obtained for each city investigated. Research results showed that there is a large degree of variation in the level of smartness of the housing markets in the examined cities. Furthermore, the analysis also indicates that the economic dimension of the smart city concept and the co-working concept are the main driving forces behind the development of smart residential markets. In addition, the study reveals that the implementation of the smart housing concept has a positive impact on the quality of life of city inhabitants.

Suggested Citation

  • Mateusz Tomal, 2020. "Moving towards a Smarter Housing Market: The Example of Poland," Sustainability, MDPI, vol. 12(2), pages 1-25, January.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:2:p:683-:d:309905
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/12/2/683/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/12/2/683/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Wei Gu & Peng Bao & Wenyuan Hao & Jaewoong Kim, 2019. "Empirical Examination of Intention to Continue to Use Smart Home Services," Sustainability, MDPI, vol. 11(19), pages 1-12, September.
    2. Horn, Keren & Merante, Mark, 2017. "Is home sharing driving up rents? Evidence from Airbnb in Boston," Journal of Housing Economics, Elsevier, vol. 38(C), pages 14-24.
    3. Shengqin Zheng & Ye Cheng & Yingjie Ju, 2019. "Understanding the Intention and Behavior of Renting Houses among the Young Generation: Evidence from Jinan, China," Sustainability, MDPI, vol. 11(6), pages 1-18, March.
    4. Kostas Tsatsaronis & Haibin Zhu, 2004. "What drives housing price dynamics: cross-country evidence," BIS Quarterly Review, Bank for International Settlements, March.
    5. Martin David & Florian Koch, 2019. "“Smart Is Not Smart Enough!” Anticipating Critical Raw Material Use in Smart City Concepts: The Example of Smart Grids," Sustainability, MDPI, vol. 11(16), pages 1-11, August.
    6. Andrew Stewart & Jim Stanford, 2017. "Regulating work in the gig economy: What are the options?," The Economic and Labour Relations Review, , vol. 28(3), pages 420-437, September.
    7. Francisco-Javier Ferrández-Pastor & Higinio Mora & Antonio Jimeno-Morenilla & Bruno Volckaert, 2018. "Deployment of IoT Edge and Fog Computing Technologies to Develop Smart Building Services," Sustainability, MDPI, vol. 10(11), pages 1-23, October.
    8. Mause, Karsten, 2008. "The Tragedy of the Commune: Learning from worst-case scenarios," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(1), pages 308-327, February.
    9. Sarah A. Elariane & Jean Dubé, 2019. "Is Smart Housing a Good Deal? An Answer Based on Monte Carlo Net Present Value Analysis," Sustainability, MDPI, vol. 11(15), pages 1-29, August.
    10. Marianna Filandri & Sonia Bertolini, 2016. "Young people and home ownership in Europe," European Journal of Housing Policy, Taylor and Francis Journals, vol. 16(2), pages 144-164, April.
    11. Mimica R. Milošević & Dušan M. Milošević & Dragan M. Stević & Ana D. Stanojević, 2019. "Smart City: Modeling Key Indicators in Serbia Using IT2FS," Sustainability, MDPI, vol. 11(13), pages 1-28, June.
    12. Imran & Shabir Ahmad & DoHyeun Kim, 2019. "Design and Implementation of Thermal Comfort System based on Tasks Allocation Mechanism in Smart Homes," Sustainability, MDPI, vol. 11(20), pages 1-24, October.
    13. Sanguk Park & Sanghoon Lee & Sangmin Park & Sehyun Park, 2019. "AI-Based Physical and Virtual Platform with 5-Layered Architecture for Sustainable Smart Energy City Development," Sustainability, MDPI, vol. 11(16), pages 1-30, August.
    14. Bartlomiej Marona & Annette van den Beemt, 2018. "Impact of public management theory on municipal real estate management in Netherlands and Poland," ERES eres2018_317, European Real Estate Society (ERES).
    15. Bartłomiej Marona & Annette Van den Beemt-Tjeerdsma, 2018. "Impact of Public Management Approaches on Municipal Real Estate Management in Poland and The Netherlands," Sustainability, MDPI, vol. 10(11), pages 1-15, November.
    16. Pierluigi Morano & Paolo Rosato & Francesco Tajani & Benedetto Manganelli & Felicia Di Liddo, 2019. "Contextualized Property Market Models vs. Generalized Mass Appraisals: An Innovative Approach," Sustainability, MDPI, vol. 11(18), pages 1-28, September.
    17. Yi-Ming Guo & Zhen-Ling Huang & Ji Guo & Hua Li & Xing-Rong Guo & Mpeoane Judith Nkeli, 2019. "Bibliometric Analysis on Smart Cities Research," Sustainability, MDPI, vol. 11(13), pages 1-18, June.
    18. Daniel Piazolo, 2018. "Real estate digitalization and the underlying modes of operation," ERES eres2018_106, European Real Estate Society (ERES).
    19. Peter Sittler, 2017. "Digitalization in Real Estate," ERES eres2017_128, European Real Estate Society (ERES).
    20. Gabriele Battista & Luca Evangelisti & Claudia Guattari & Carmine Basilicata & Roberto De Lieto Vollaro, 2014. "Buildings Energy Efficiency: Interventions Analysis under a Smart Cities Approach," Sustainability, MDPI, vol. 6(8), pages 1-12, July.
    21. Marianna Filandri & Sonia Bertolini, 2016. "Young people and home ownership in Europe," International Journal of Housing Policy, Taylor & Francis Journals, vol. 16(2), pages 144-164, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Elżbieta Jasińska & Edward Preweda & Piotr Łazarz, 2023. "Renewable Energy Sources in the Residential Property Market, Exemplified by the City of Krakow (Poland)," Sustainability, MDPI, vol. 15(10), pages 1-17, May.
    2. Mateusz Tomal & Agata Gumieniak, 2020. "Agricultural Land Price Convergence: Evidence from Polish Provinces," Agriculture, MDPI, vol. 10(5), pages 1-20, May.
    3. Fahim Ullah & Samad M. E. Sepasgozar, 2020. "Key Factors Influencing Purchase or Rent Decisions in Smart Real Estate Investments: A System Dynamics Approach Using Online Forum Thread Data," Sustainability, MDPI, vol. 12(11), pages 1-36, May.
    4. Edward Preweda & Elżbieta Jasińska, 2020. "Organization of the Building Space of Developments and Its Impact on Residential Housing Prices," Sustainability, MDPI, vol. 12(18), pages 1-19, September.
    5. Dorota Mantey & Wojciech Pokojski, 2020. "New Indicators of Spatial Chaos in the Context of the Need for Retrofitting Suburbs," Land, MDPI, vol. 9(8), pages 1-22, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Agnieszka Napiórkowska-Baryła & Natalia Świdyńska & Mirosława Witkowska-Dąbrowska, 2024. "Owning versus Renting a Home—Prospects for Generation Z," Sustainability, MDPI, vol. 16(11), pages 1-19, May.
    2. Marco Locurcio & Pierluigi Morano & Francesco Tajani & Felicia Di Liddo, 2020. "An Innovative GIS-Based Territorial Information Tool for the Evaluation of Corporate Properties: An Application to the Italian Context," Sustainability, MDPI, vol. 12(14), pages 1-29, July.
    3. Sebastiano Carbonara & Davide Stefano, 2020. "An Operational Protocol for the Valorisation of Public Real Estate Assets in Italy," Sustainability, MDPI, vol. 12(2), pages 1-16, January.
    4. Adrienne Csizmady & Lea Kőszeghy, 2022. "‘Generation Rent’ in a Super Homeownership Environment: The Case of Budapest, Hungary," Sustainability, MDPI, vol. 14(14), pages 1-18, July.
    5. Marek Bryx & Janusz Sobieraj & Dominik Metelski & Izabela Rudzka, 2021. "Buying vs. Renting a Home in View of Young Adults in Poland," Land, MDPI, vol. 10(11), pages 1-31, November.
    6. Li Zhao & Zhi-ying Tang & Xin Zou, 2019. "Mapping the Knowledge Domain of Smart-City Research: A Bibliometric and Scientometric Analysis," Sustainability, MDPI, vol. 11(23), pages 1-28, November.
    7. Gross, Marta & Wolny-Kucińska, Ada, 2021. "Public real estate resource – A burden or a source of income? A study of municipal land management in Poland," Land Use Policy, Elsevier, vol. 106(C).
    8. Qi Zhang & Hongyang Li & Xin Wan & Martin Skitmore & Hailin Sun, 2020. "An Intelligent Waste Removal System for Smarter Communities," Sustainability, MDPI, vol. 12(17), pages 1-27, August.
    9. Giovanni Semi & Marta Tonetta, 2021. "Marginal hosts: Short-term rental suppliers in Turin, Italy," Environment and Planning A, , vol. 53(7), pages 1630-1651, October.
    10. Kristin Aarland & Anna Maria Santiago, 2023. "Serious Mortgage Arrears among Immigrant Descendant and Native Participants in a Low-Income Public Starter Mortgage Program: Evidence from Norway," Societies, MDPI, vol. 13(5), pages 1-28, May.
    11. Załęczna Magdalena, 2019. "Dwellings for Vulnerable Households-Policy and Practice in the Largest Cities of Poland," Real Estate Management and Valuation, Sciendo, vol. 27(3), pages 5-16, September.
    12. Paulo M.M. Rodrigues & Rita Fradique Lourenço, 2015. "House prices: bubbles, exuberance or something else? Evidence from euro area countries," Working Papers w201517, Banco de Portugal, Economics and Research Department.
    13. Johnson Ankrah & Ana Monteiro & Helena Madureira, 2022. "Bibliometric Analysis of Data Sources and Tools for Shoreline Change Analysis and Detection," Sustainability, MDPI, vol. 14(9), pages 1-23, April.
    14. Martín Pensado-Mariño & Lara Febrero-Garrido & Pablo Eguía-Oller & Enrique Granada-Álvarez, 2021. "Feasibility of Different Weather Data Sources Applied to Building Indoor Temperature Estimation Using LSTM Neural Networks," Sustainability, MDPI, vol. 13(24), pages 1-15, December.
    15. Zhang, Yanbing & Hua, Xiuping & Zhao, Liang, 2011. "Monetary policy and housing prices : a case study of Chinese experience in 1999-2010," BOFIT Discussion Papers 17/2011, Bank of Finland, Institute for Economies in Transition.
    16. Mohamed Mousa & Walid Chaouali & Monowar Mahmood, 2023. "The Inclusion of Gig Employees and their Career Satisfaction: Do Individual and Collaborative Job Crafting Play a Role?," Public Organization Review, Springer, vol. 23(3), pages 1055-1068, September.
    17. Shuangqing Sheng & Wei Song & Hua Lian & Lei Ning, 2022. "Review of Urban Land Management Based on Bibliometrics," Land, MDPI, vol. 11(11), pages 1-25, November.
    18. Maria Rosaria Guarini & Pierluigi Morano & Alessandro Micheli & Francesco Sica, 2021. "Public-Private Negotiation of the Increase in Land or Property Value by Urban Variant: An Analytical Approach Tested on a Case of Real Estate Development," Sustainability, MDPI, vol. 13(19), pages 1-30, October.
    19. Nobili, Andrea & Zollino, Francesco, 2017. "A structural model for the housing and credit market in Italy," Journal of Housing Economics, Elsevier, vol. 36(C), pages 73-87.
    20. Juan Luis Jiménez & Armando Ortuño & Jorge V. Pérez-Rodríguez, 2022. "How does AirBnb affect local Spanish tourism markets?," Empirical Economics, Springer, vol. 62(5), pages 2515-2545, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:12:y:2020:i:2:p:683-:d:309905. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.