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Price Convergence in the Regional Housing Markets in Poland

Author

Listed:
  • Żelazowski Konrad

    (Faculty of Economics and Sociology, University of Lodz)

Abstract

Average prices of residential real estate usually show significant variation on a regional basis. This reflects different social, economic or historical conditions for the development of these markets. In addition, research so far has not provided strong evidence supporting convergence in the level of property prices in the regional dimension. The lack of price convergence, however, does not exclude convergence in the direction and strength of price changes.The article is an attempt to answer the question of whether price trajectories in the regional housing markets in Poland show long-term similarity. To this end, econometric analysis of the dynamics of relative prices in the voivodship markets with the use of quarterly data from the years 2002-2016 has been conducted.

Suggested Citation

  • Żelazowski Konrad, 2019. "Price Convergence in the Regional Housing Markets in Poland," Real Estate Management and Valuation, Sciendo, vol. 27(2), pages 44-52, June.
    • Handle: RePEc:vrs:remava:v:27:y:2019:i:2:p:44-52:n:4
    DOI: 10.2478/remav-2019-0014
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Polish housing market; price convergence; SURADF test; panel unit root tests;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis

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