Published : 2016-11-22

Polish Residential Property Market During Economic Slowdown Exemplified by a Medium-Size Town

Wojciech Cymerman



Joanna Cymerman



Abstract

The main objective of this paper is to examine the dynamics of downward trends in the residential property prices exemplified by a medium-size city. A hypothesis is made that the dynamics of the decline of residential property prices in the times of crisis is much poorer in medium-size cities than in large urban agglomeration. The analysis deals with the West Pomeranian city of Koszalin with the population of 108,6 thousand. The study covers the quarters of 7 years between 2009 and 2015. The object of the study is a secondary market of residential property and cooperative ownership right to residential property. The analyses were conducted by means of mathematical statistics tools. The findings of the study on the residential property market in Koszalin are presented in reference to the data on residential property markets in 17 of Poland’s largest cities. The data come from the Register of Property Prices and Value of the Municipal Surveying and Cartographic Documentation Centre in Koszalin Center and from the Database of Residential Property Prices of the Polish National Bank.

Keywords:

real property market, residential property, market analysis



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Cymerman, W., & Cymerman, J. (2016). Polish Residential Property Market During Economic Slowdown Exemplified by a Medium-Size Town. Regional Barometer. Analyses & Prognoses, 14(3), 145–154. https://doi.org/10.56583/br.501

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