Published : 2010-05-13

The Impact of Macroeconomics Factors on the Situation in the Market of Dwellings Completed by Real Estate Development Industry in Poland and in Tricity in 1995–2007

Magdalena Gostkowska-Drzewicka



Abstract

The aim of this article is to measure the impact of macroeconomics factors which have determined situation in the market of dwellings completed by real estate development industry in Poland and in Tricity. GDP - as a measure which has reflected economic situation – is the background determines the development of this market. Regression analysis has proved that the situation in the market of dwellings completed by real estate development industry – in case on capital-intensive character of real estate investment - is depended on availability of financing. It is determined such factors as: housing mortgages increase, average wages increase and disposable income of households sector income. Regression analysis also has proved that interest rate increase in period t restrains the situation in the market of dwellings completed by real estate development industry in the next period. Also inflation increase is the factor, which slows down the situation in this market.

Keywords:

real estate development industry, dwellings, macroeconomic factors



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Gostkowska-Drzewicka, M. (2010). The Impact of Macroeconomics Factors on the Situation in the Market of Dwellings Completed by Real Estate Development Industry in Poland and in Tricity in 1995–2007. Regional Barometer. Analyses & Prognoses, (1 (19), 45–59. https://doi.org/10.56583/br.1380

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fax 84 638 35 00
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