WAITING FOR EURO - HOUSING MARKET IN POLAND

Ewa Kucharska-Stasiak and Magdalena Zaleczna

ERES from European Real Estate Society (ERES)

Abstract: Poland is indicated as a country, which thanks to strong internal demand,was not deeply affected by the economic recession seen in most of the EU economies. Although, housing market after a rapid and enormous price growth until 2008, experienced a slight slowdown, there are no signs of price bubble and its negative consequences. It should be borne in mind that housing needs in Poland in the light of statistical data are on one of the highest levels in the EU. The authors pose questions about the further development of Polish residential market in the light of the experience of Ireland and Spain and the possibility of Polandís accession to the euro zone in the future. The research problems concern both instruments to increase the availability of housing (supply stimulants) as well as methods of mitigating the risk of a speculative bubble in the future.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2010-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2010_263

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