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The Demand and Supply Analysis and Comparison of Dwellings in Szczecin

In: Eurasian Economic Perspectives

Author

Listed:
  • Anna Gdakowicz

    (University of Szczecin)

  • Ewa Putek-Szeląg

    (University of Szczecin)

Abstract

This article presents the results of a comparative study of apartments offered for sale (supply) and sold (demand). This study was conducted on the example of the Szczecin market. The aim of this article was to determine the similarity of the examined structures (offered and sold flats) with regard to selected features: price of 1 m2 and area of the flat. The data were obtained from the West Pomeranian Multiple Listing Service and the Register of Real Estate Prices and Values. Descriptive statistical methods were used to analyze supply and demand. Selected measurements were used to investigate the similarity of structures, including the Kolmogorov and the Bhattacharya metrics, the Matusita distances, and the Kullback-Leibler pseudo-distances. The results indicate a greater similarity of structures of flats offered for sale and sold in terms of price per m2 than the area of flats. In the following years of the analysis, the diversification increased, although it remained at a low level. The offer price of a 1 m2 apartment submitted for sale in Szczecin was 13% (in 2017) to 22% (in 2018) higher than the transaction price. The price expectations of apartment owners were higher in the case of small flats, and the disparity decreased as the area of the flat increased.

Suggested Citation

  • Anna Gdakowicz & Ewa Putek-Szeląg, 2020. "The Demand and Supply Analysis and Comparison of Dwellings in Szczecin," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir & Uchenna Tony-Okeke (ed.), Eurasian Economic Perspectives, pages 169-184, Springer.
    • Handle: RePEc:spr:eurchp:978-3-030-48531-3_12
    DOI: 10.1007/978-3-030-48531-3_12
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