Economic determinants and their impact on development of residential real estate market Cover Image

Determinanty ekonomiczno-gospodarcze oraz ich wpływ na rozwój rynku nieruchomości mieszkaniowych
Economic determinants and their impact on development of residential real estate market

Author(s): Łukasz Mach
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: real estate market; regional development; factor analysis; multiple regression

Summary/Abstract: The article focuses on the recognition of key factors which affect regional development. What is more their impact on price of square meter of real estate is presented.The recognition of regional development key factors was made taking into account some particular economic variables and other variables, which affect the situation on the residential real estate market. The recognition of the above mentioned factors was made with the use of the factor analysis. The application of the factor analysis resulted in the identification of three factors which affect the development of regions. A factor which affected the regional development the most (57,26%) covered economic variables. The second factor which explained 16,86% of volatility of common resources was the factor which included diagnostics variables on the residential real estate market. The use of multiple regression analysis in order to define the significance of identified factors for the price of square meter of real estate was the complement of the conducted research.

  • Issue Year: 2012
  • Issue No: 38
  • Page Range: 106-116
  • Page Count: 11
  • Language: Polish