IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-030-81663-6_16.html
   My bibliography  Save this book chapter

Investment in the Polish Real Estate Market – Housing “Beta” Coefficient

In: Sustainable Finance in the Green Economy

Author

Listed:
  • Karolina Siemaszkiewicz

    (Poznań University of Economics and Business)

Abstract

The beta coefficient is one of the most known factors which is used in modern finance. Some investors have attempted to apply the Capital Asset Pricing Model (CAPM) for a private real estate investment so that investors can have a more accurate risk premium beta or benchmark for their decisions. The question was: Whether the beta coefficient based on the wide market index describes the risk related to investing directly in the residential real estate market sufficiently well under Polish conditions? As the benchmark was taken WIG, WIG–real estate, and the hedonic index of the residential real estate market calculated by the National Bank of Poland index (NBP index). The aim of this study is to compare beta coefficients for 17 Polish cities published by the National Bank of Poland. The comparison is made for WIG, WIG–real estate stock exchange indices, and NBP index so that investors can have a more accurate risk premium beta or benchmark for their decisions.

Suggested Citation

  • Karolina Siemaszkiewicz, 2022. "Investment in the Polish Real Estate Market – Housing “Beta” Coefficient," Springer Proceedings in Business and Economics, in: Agnieszka Bem & Karolina Daszynska-Zygadlo & Tatana Hajdíková & Erika Jáki & Bożena Ryszawska (ed.), Sustainable Finance in the Green Economy, pages 213-224, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-81663-6_16
    DOI: 10.1007/978-3-030-81663-6_16
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    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:spr:prbchp:978-3-030-81663-6_16. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.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.