Methodology for comparing the values of residential real estate on the international market based on the Polish and US markets Cover Image

Metodyka porównywania wartości nieruchomości mieszkaniowych na rynku międzynarodowym na przykładzie rynku Polski i Stanów Zjednoczonych
Methodology for comparing the values of residential real estate on the international market based on the Polish and US markets

Author(s): Krzysztof Piasecki, Michał, Dominik Stasiak
Subject(s): Politics, Economy, Supranational / Global Economy, Business Economy / Management, Micro-Economics, Sociology, Economic policy, Economic development, Marketing / Advertising, Globalization
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu
Keywords: rynek mieszkań;wartość mieszkań;Polska;USA;
Summary/Abstract: Purpose: Comparing the values of residential real estate in individual countries is a complex task which requires taking into account a number of factors relating to both the economic situation and the quality of life in a given country. The aim of the study is to present an original and universal method of determining the index that allows to compare the value of residential real estate in cities located in different countries. Design/methodology/approach: In addition to the absolute average prices of a square meter, the approach to determining the above-mentioned index proposed by the authors utilises the analysis of parameters related to the quality of life, the level of public services offered to residents by a given country, as well as economic parameters. Findings: On the basis of the presented methodology, the authors have compared the values of residential real estate in two sample cities with similar population and characteristics, i.e. Poznań in Poland and Denver in the USA. The conducted research shows that the value of residential real estate in Poznań is higher by 6.14% in the city centre and 18% outside the city centre. Originality and value: The proposed method of comparison is original and universal in nature and may be successfully applied both in theoretical research and in practice, e.g.by investors.

  • Page Range: 186-192
  • Page Count: 7
  • Publication Year: 2022
  • Language: Polish