Comparison of the Market for Real Estate of the City of Wroclaw and Munich against the Background of the Selected European Towns in the Context of Socio-Economic Situation of Poland and Germany Cover Image

Porównanie rynku nieruchomości miasta Wrocławia oraz Monachium na tle wybranych miast europejskich w kontekście sytuacji społeczno-gospodarczej Polski oraz Niemiec
Comparison of the Market for Real Estate of the City of Wroclaw and Munich against the Background of the Selected European Towns in the Context of Socio-Economic Situation of Poland and Germany

Author(s): Artur Tomeczek
Subject(s): National Economy, Demography and human biology, Financial Markets, Socio-Economic Research
Published by: Instytut Badań Rynku, Konsumpcji i Koniunktur
Keywords: real estate; prices; quality of life; average wage; Munich; Wroclaw;

Summary/Abstract: An aim of considerations is to present the market for housing real estate in Wroclaw and in Munich. In his article, the author described the socio-economic situation of Poland and Germany. He presented the data concerning the number of population, demographic structure, households, and received earnings. He analysed the statistical data related to the market for real estate of Poland and Germany against the background of other European states, presenting new investment projects, describing luxury apartment houses. Prices for real estate were referred to the earnings received. The research was carried out performing an analysis of the data of the statistical offices: the Polish Central Statistical Office (GUS), the German Destatis, and the European Eurostat. In result of the carried out studies and analyses it was stated that the quality of life in Poland, despite a considerable improvement, differs from the situation in Germany. Real estate in Germany is more accessible in terms of prices than immovable in Poland, taking into account money incomes of the societies of both countries. The price of one square meter of flat in Wroclaw is approximate to the national average in Poland, whereas in Munich it exceeds more than twice the national average in Germany. The article is of the research nature.

  • Issue Year: 358/2015
  • Issue No: 5
  • Page Range: 379-394
  • Page Count: 16
  • Language: Polish