Convergence and differentiation processes in local markets and structural changes (comparison of 16 markets in Poland)

Grażyna Baldowska, Robert Leszczyński () and Barbara Myszkowska
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Grażyna Baldowska: Narodowy Bank Polski
Robert Leszczyński: Narodowy Bank Polski
Barbara Myszkowska: Narodowy Bank Polski, https://nbp.pl

No 174, NBP Working Papers from Narodowy Bank Polski

Abstract: The housing market (primary, secondary or rental) is very often analyzed as a whole, big market in a selected country. Our analysis focuses on the fundamental determinants of this market in 16 biggest cities in Poland, which are the capital cities of the 16 voivodeships. We also clustered the cities to show groups of cities which’s housing market behaves in a similar fashion. We confirm that the situation on housing market is driven by fundamental factors and the best way for a further econometric analysis is to divide the whole market into two groups of cities with a number of inhabitants below and over 400 thousand people.

Keywords: housing market; house prices; primary and secondary market; rental market; fundamentals (search for similar items in EconPapers)
JEL-codes: E21 R21 R31 (search for similar items in EconPapers)
Pages: 42
Date: 2014
New Economics Papers: this item is included in nep-tra and nep-ure
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:nbp:nbpmis:174

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