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Local Factors Influencing The Increase In Development Activity In Selected Cities Of Poland

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  • Antczak-Stępniak Agata

    (Department of Investment and Real Estate, Faculty of Economics and Sociology, University of Lodz)

Abstract

Development activity in Poland began to increase in the 1990's as a result of market-oriented reforms, with the process continuing to this day. The beginnings were, however, not easy due to, among others, the absence of many important legal regulations and the lack of commercial financing. The situation changed in the second half of the 1990's, positively affecting residential development activity. The years 2008 - 2009 were particularly relevant in the course of the studied trend as a sharp increase in the number of completed developer-built residential dwelling units was recorded at this time. After this period, a decline in the number of dwelling units completed by developers was recorded, which indicates its strong dependence on changes in the economic environment. Fluctuations in the number of dwelling units completed by developers were also visible before Poland's accession to the European Union. This means that the diversity of development activity is influenced by many factors.

Suggested Citation

  • Antczak-Stępniak Agata, 2015. "Local Factors Influencing The Increase In Development Activity In Selected Cities Of Poland," Real Estate Management and Valuation, Sciendo, vol. 23(3), pages 73-84, September.
    • Handle: RePEc:vrs:remava:v:23:y:2015:i:3:p:73-84:n:8
    DOI: 10.1515/remav-2015-0027
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