Prefabricated Construction in the Residential Real Estate Market

Krajewska Małgorzata (), Siemińska Ewa (), Rącka Izabela (), Szopińska Kinga () and Kostov Ivo ()
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Krajewska Małgorzata: Department of Geodesy, Spatial Management and Real Estate, Bydgoszcz University of Science and Technology, 7 prof. S. Kaliskiego Av., 85-796 Bydgoszcz, Poland
Siemińska Ewa: Department of Investment and Real Estate, Nicolaus Copernicus University in Toruń, ul. Gagarina 11, 87-100 Toruń, Poland
Rącka Izabela: Institute of Social Sciences, University of Kalisz, ul. Nowy Świat 4, 62-800 Kalisz, Poland
Szopińska Kinga: Department of Geodesy, Spatial Management and Real Estate, Bydgoszcz University of Science and Technology, 7 prof. S. Kaliskiego Av., 85-796 Bydgoszcz, Poland
Kostov Ivo: Department of Business, Investment, Real Estate, University of Economics – Varna, 77 Kniaz Boris I Blvd., 9002 Varna, Bulgaria

Real Estate Management and Valuation, 2025, vol. 33, issue 1, 35-46

Abstract: Persistent housing shortages and escalating housing investment costs in numerous countries drive the search for technologies that enable faster, cost-effective housing development. Prefabrication technology has emerged as a promising solution, which enables buildings to be constructed in significantly shorter timeframes compared to traditional methods. This approach utilizes prefabricated structural elements manufactured in controlled factory settings, leading to a substantial reduction in the carbon footprint associated with the construction process. This study focuses on two primary objectives: 1) Identifying the key factors for integrating prefabricated construction technology into the multifamily housing market, especially within the framework of sustainable development policies and the growing housing gap, and 2) Examining buyer preferences to assess their openness toward prefabricated construction in the multifamily residential market. Identification of the determinants of the implementation of prefabricated technology was carried out based on comprehensive literature review and critique of source documents. Additionally, buyer preference surveys were conducted among residents in post-communist Central and Eastern European countries (Poland, Bulgaria, and Ukraine).

Keywords: prefabrication; housing; sustainable development; housing gap; real estate market (search for similar items in EconPapers)
JEL-codes: O18 P23 P26 P30 Q01 R21 R31 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:remava:v:33:y:2025:i:1:p:35-46:n:1004

DOI: 10.2478/remav-2025-0004

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