Twenty years of developer sector in Poland
Kazimierz Kirejczyk
Chapter 4 in Papers presented during the Narodowy Bank Polski Workshop: Recent trends in the real estate market and its analysis, 2013, 2013, pp 67-90 from Narodowy Bank Polski
Abstract:
This paper describes the evolution of the Polish developer sector starting from the socialistic times up to the recent years. The communist era left the construction sector of the new Republic of Poland a legacy of housing cooperative as an organization responsible for building dwellings, large panel as the dominant technology of their construction, housing estate planning adjusted to the system of construction crane rails, cities and towns with centers inhabited by lumpenproletariat and a mentality of Poles, used to the thought that a typical way of coming into possession of a dwelling was to ”get, arrange to get or inherit” one. Contractors consisted of state-owned conglomerates, while the quality of work and the subculture of construction workers was a favorite topic of movie comedies and stand-up sketches. The second part of legacy of the People’s Republic of Poland was the list of what was either nearly or completely missing: regular mortgage loans and banks ready to grant them; professionals specializing in sales of dwellings; clearly defined ownership statuses for land property, especially in Warsaw; rules of operation for firms constructing and selling dwellings, including, most importantly, rules for sales of units under construction; management
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:nbp:nbpchp:4
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