The revealed preferences in the Warsaw residential housing market

Justyna Tanas

ERES from European Real Estate Society (ERES)

Abstract: This article aims to determine buyers' revealed preferences in the secondary housing market in Warsaw. The study was conducted based on data on transactions of real estate premises made on the secondary market in Warsaw in 2016-2020. These data were supplemented with the information contained in land and mortgage registers (section II - ownership), in the real estate cadastre, and using Google Street View. After a tidying-up exercise, a database of over 35,000 residential property transactions was created.The vast majority of buyers' preferences in the residential market in Poland conducted in recent years have been studies of local markets, usually in the largest cities. Most of the time, surveys of declared preferences were conducted using a survey questionnaire, usually targeted surveys that did not meet the sample’s representativeness. The unique database built this way allows the preferences of different buyers (e.g., young people, seniors, singles, married couples, etc.) to be identified in a previously impossible way due to the lack of such databases.

Keywords: buyers' preferences; housing market; revealed vs. stated preferences (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2024-01-01
New Economics Papers: this item is included in nep-dcm and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2024-216

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