Regional Diversification of Saturation of the Housing Stock. Poland against the Background of Europe

Jacek Łaszek; Krzysztof Olszewski; Joanna Waszczuk

doi:10.56583/br.433

Published : 2017-12-19

Vol. 15 No. 2 (2017)

Regional Diversification of Saturation of the Housing Stock. Poland against the Background of Europe

Jacek Łaszek

Krzysztof Olszewski

Joanna Waszczuk

DOI: https://doi.org/10.56583/br.433

Abstract

The aim of the article is to present the differences in saturation of the housing stock and its availability in Poland as well as in European Union countries and its influence on house prices and the economy. Regions which are characterized by a housing shortage will be separated. The analysis takes into account the differences in the level of wealth of the inhabitants and the scale of urbanization of individual states. The implications of social and economic imperfections in the functioning of the housing market, and in particular the price volatility of housing, have also been addressed. In addition, the quantitative and qualitative differences in the housing stock, which reduce the effective stock of available housing, are highlighted. In the case of Poland, only in Warsaw and Łódź does housing saturation correspond to that of the “old” EU. This article is divided into 5 parts. After an introduction to the subject, the second section deals with the issues of structural, long-term imbalances of demand and supply in the European housing market and its consequences. In the third section, the housing situation in the EU is presented. In the fourth part, the regional diversification in the housing stock in Poland is discussed. Section five consists of conclusions and a summary of the analysis.

Keywords:

housing demand, housing supply, regionalization of the housing situation, urbanization

Most read articles by the same author(s)

Jacek Łaszek, Robert Leszczyński, Krzysztof Olszewski, The Development of Residential and Commercial Real Estate, and Economic Development in Polish Voivodships , Regional Barometer. Analyses & Prognoses: Vol. 15 No. 2 (2017)
Jacek Łaszek, Krzysztof Olszewski, Regional Development of Residential and Commercial Real Estate in Poland and the Risk of Real Estate Cycles , Regional Barometer. Analyses & Prognoses: Vol. 16 No. 1 (2018)

Details

References

Statistics

Authors

Download files

PDF

Citation rules

Łaszek, J., Olszewski, K., & Waszczuk, J. (2017). Regional Diversification of Saturation of the Housing Stock. Poland against the Background of Europe. Regional Barometer. Analyses & Prognoses, 15(2), 7–17. https://doi.org/10.56583/br.433

Altmetric indicators

Cited by / Share

Licence

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

References

Abeysinghe, T., and J.Y. Gu. 2011. “Lifetime Income and Housing Affordability in Singapore.” Urban Studies 48 (9): 1875–1891. doi: 10.1177/0042098010380956. DOI: https://doi.org/10.1177/0042098010380956

André, C. 2010. “A Bird’s Eye View of OECD Housing Markets.” OECD Economics Department Working Papers (746). doi: 10.1787/5kmlh5qvz1s4-en. DOI: https://doi.org/10.1787/5kmlh5qvz1s4-en

Andrews, D., A. Caldera Sánchez, and Å. Johansson. 2011. “Housing Markets and Structural Policies in OECD Countries.” OECD Economics Department Working Papers (836). doi: 10.1787/5kgk8t2k9vf3-en. DOI: https://doi.org/10.1787/5kgk8t2k9vf3-en

Caldera Sánchez, A., and Å. Johansson. 2011. “The Price Responsiveness of Housing Supply in OECD Countries.” OECD Economics Department Working Papers (837): 1–35. doi: 10.1787/5kgk9qhrnn33-en. DOI: https://doi.org/10.1787/5kgk9qhrnn33-en

Catte, P., N. Girouard, R.W.R. Price, and C. André. 2004. “Housing Markets, Wealth and the Business Cycle.” OECD Economics Department Working Papers (394). doi: 10.1787/534328100627. DOI: https://doi.org/10.1787/534328100627

Dipasquale, D., and W.C. Wheaton. 1992. “The Markets for Real-Estate Assets and Space — a Conceptual-Framework.” Journal of the American Real Estate and Urban Economics Association 20 (2): 181–197. DOI: https://doi.org/10.1111/1540-6229.00579

Górczyńska, M. 2014. Zmiany zróżnicowań społecznych i przestrzennych w wybranych dzielnicach Warszawy i aglomeracji paryskiej. Dynamika i aktorzy, Prace Geograficzne/Polska Akademia Nauk. Instytut Geografii i Przestrzennego Zagospodarowania im. Stanisława Leszczyckiego. Warszawa: IGiPZ PAN.

Guerrieri, L., and M. Iacoviello. 2017. “Collateral Constraints and Macroeconomic Asymmetries.” Journal of Monetary Economics (90): 28–49. DOI: https://doi.org/10.1016/j.jmoneco.2017.06.004

Iacovou, M., and A.J. Skew. 2011. “Household Composition across the new Europe: Where Do the New Member States Fit In?” Demographic Research 25: 465–489. DOI: https://doi.org/10.4054/DemRes.2011.25.14

Li, J.V. 2014. Recent Trends on Housing Affordability Research: Where Are We Up To? CityU on Cities Working Paper Series (5): 1–21, https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2555439.

Łaszek, J., and K. Olszewski. 2014. “Zachowania firmy deweloperskiej na rynku mieszkań i zagregowana podaż.” Kwartalnik Nauk o Przedsiębiorstwie (3): 71–87.

Myers, D., W.C. Baer, and S.Y. Choi. 1996. “The Changing Problem of Overcrowded Housing.” Journal of the American Planning Association 62 (1): 66–84. doi: 10.1080/01944369608975671. DOI: https://doi.org/10.1080/01944369608975671

O’Sullivan, A. 2011. Urban Economics. International Edition. 8th ed. Boston: McGraw-Hill Higher Education.

Ortalo-Magne, F., and S. Rady. 1999. “Boom In, Bust Out: Young Households and the Housing Price Cycle.” European Economic Review 43 (4–6): 755–766. doi: 10.1016/S0014-2921(98)00091–9. DOI: https://doi.org/10.1016/S0014-2921(98)00091-9

Ortalo-Magne, F., and S. Rady. 2006. “Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints.” Review of Economic Studies 73 (2): 459–485. doi: 10.1111/j.1467–937X.2006.383_1.x. DOI: https://doi.org/10.1111/j.1467-937X.2006.383_1.x

Rosen, S. 1974. “Hedonic Prices and Implicit Markets — Product Differentiation in Pure Competition.” Journal of Political Economy 82 (1): 34–55. doi: 10.1086/260169. DOI: https://doi.org/10.1086/260169

Rybkowska, A., and M. Schneider. 2011. “Housing Conditions in Europe in 2009.” Statistics in Focus (4): 1–12.