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Determinants of Valuables Area in the Dwelling Property Market Illustrated with an Example of Olsztyn

Author

Listed:
  • Oksana Kuryj-Wysocka

    (Uniwersytet Warmiñsko-Mazurski w Olsztynie, Wydzia³ Geodezji i Gospodarki Przestrzennej)

  • Agnieszka Osiecka

    (Uniwersytet Warmiñsko-Mazurski w Olsztynie, Wydzia³ Nauk Ekonomicznych)

Abstract

Due to its characteristics, real estate is considered to be one of the barometers of the coming changes in the business cycle. Both for the investor and the owner, the real estate has some potential expressed in the value of the real estate. However, determining the value, in the context of the potential, is an extremely difficult task because every man can perceive one real estate differently. The reference point of the man to the real estate is reflected in the notion of real estate valuables. The real estate valuables area is a dynamic category, it undergoes constant changes and modifications, both in the individual stages of the market development cycle, and during the product - the real estate - life cycle. The aim of this paper is to define factors determining the valuables area in the dwelling property, and designating the levels of valuables in the selected housing estates in Olsztyn.

Suggested Citation

  • Oksana Kuryj-Wysocka & Agnieszka Osiecka, 2014. "Determinants of Valuables Area in the Dwelling Property Market Illustrated with an Example of Olsztyn," World of Real Estate Journal (Swiat Nieruchomosci), Fundacja Uniwersytetu Ekonomicznego w Krakowie, issue 89, pages 13-20, September.
    • Handle: RePEc:kra:journl:y:2014:i:89:p:13-20
    DOI: 10.14659/worej.2014.89.02
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    More about this item

    Keywords

    real estate development cycle; real estate life cycle; valuables area;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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