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The Influence of the Technical Condition of a Building on the Property’s Market Value

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  • Ziembicka Beata

    (University of Szczecin, Faculty of Economics and Management, Institute of Econometrics and Statistics, Mickiewicza 64, 71-101 Szczecin, Poland)

Abstract

The housed property’s market value is influenced by a set of characteristic qualities, among which is the technical condition of a building. The aim of this paper is to study the influence of the technical condition of a building on the market price of the dwelling units, depending, among others, on the chosen method and the approach to the assessment of the housing wear degree. The analysis has been performed based on the estimation of the market value of an illustrative dwelling unit located in a building erected with the use of prefabricated large panel technology in selected variants. The study is based on data from the period between January and December 2012, which are related to the sale of rights to dwelling units from the secondary market. The information was obtained from a transactional database based on the Partner Data Exchange system with the Walor software.

Suggested Citation

  • Ziembicka Beata, 2016. "The Influence of the Technical Condition of a Building on the Property’s Market Value," Folia Oeconomica Stetinensia, Sciendo, vol. 16(1), pages 196-207, December.
    • Handle: RePEc:vrs:foeste:v:16:y:2016:i:1:p:196-207:n:12
    DOI: 10.1515/foli-2016-0012
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    More about this item

    Keywords

    property value; technical wear of buildings; dwelling buyers’ preferences; dwelling quality;
    All these keywords.

    JEL classification:

    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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