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LUXURY REAL ESTATE MARKET IN POLAND

Natalia Sajnóg

First published: 2019-06-20https://doi.org/10.5593/sgem2019/2.2/s09.025View metrics

Abstract

In comparison with West Europe, Polish luxury residential real estate market is characterised by a relatively low level of prices and a relatively low number of properties with very luxurious character. Transactions concerning luxury apartments constitute approximately 1% of all transactions of sale of residential real estate in the largest cities in Poland. Due to the growing income and improving level of life, demand for luxury apartments in Poland is constantly increasing, and the market has good perspectives for development. The objective of the article was the presentation of the genesis of the luxury real estate market in Poland and the analysis of its current state. Based on the example of the Warsaw real estate market in the study period, maps of spatial distribution of transaction prices of luxury residential properties were prepared, as well as diagrams of spatial distribution of transaction prices of luxury apartments in selected skyscrapers. The analyses were supported by geostatistical methods available in popular GIS applications. Both deterministic and stochastic interpolation methods were applied for the estimation of the value of transaction prices in particular districts of Warsaw.

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Publication details

Title
LUXURY REAL ESTATE MARKET IN POLAND
Authors
Natalia Sajnóg
Proceedings
SGEM International Multidisciplinary Scientific GeoConference EXPO Proceedings; 19th International Multidisciplinary Scientific GeoConference SGEM2019, Informatics, Geoinformatics and Remote Sensing
Publisher
STEF92 Technology
Year
2019
Pages
197-206
SWS Citekey
Sajnog20199197206
ISSN
1314-2704
ISBN
978-619-7408-80-5
Language
en
Publication type
Conference Paper
Keywords
luxury real estateresidential real estatetransaction pricesGIS
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