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The financial sector as an external environment of small and medium sized construction enterprises during crisis

Author

Listed:
  • Bartosz Betka

    (Uniwersytet Ekonomiczny w Poznaniu, Doktorant Wydzia³u Gospodarki Miêdzynarodowej)

  • £ukasz Borkowski

    (Uniwersytet Ekonomiczny w Poznaniu, Doktorant Wydzia³u Gospodarki Miêdzynarodowej)

Abstract

Beyond a shadow of a doubt there are strong connections and mutual relations between the financial market, real estate market and building sector enterprises (especially small and medium enterprises). Visible is also the influence of government policies and laws made by parliaments on the above mentioned (e.g. regulations concerning mortgages). Connections between enterprises active on real estate market have crucial impact on real estate market cycles. The real estate market crises are less popular, because of the fact that they appear rarely as a part of the economic crisis. Nonetheless, a deterioration in this field of market has been spotted recently as well. The aim of this article is to describe the current situation on the real estate market in Poland, bearing in mind all the negative aspects of the economic crisis. The key conclusions and recommendations are presented in the concise summary.

Suggested Citation

  • Bartosz Betka & £ukasz Borkowski, 2013. "The financial sector as an external environment of small and medium sized construction enterprises during crisis," World of Real Estate Journal (Swiat Nieruchomosci), Fundacja Uniwersytetu Ekonomicznego w Krakowie, issue 85, pages 46-56, September.
    • Handle: RePEc:kra:journl:y:2013:i:85:p:46-56
    DOI: 10.14659/worej.2013.85.07
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