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Prefabricated Construction in the Residential Real Estate Market

Author

Listed:
  • Krajewska Małgorzata

    (Department of Geodesy, Spatial Management and Real Estate, Bydgoszcz University of Science and Technology, 7 prof. S. Kaliskiego Av., 85-796 Bydgoszcz, Poland)

  • Siemińska Ewa

    (Department of Investment and Real Estate, Nicolaus Copernicus University in Toruń, ul. Gagarina 11, 87-100 Toruń, Poland)

  • Rącka Izabela

    (Institute of Social Sciences, University of Kalisz, ul. Nowy Świat 4, 62-800 Kalisz, Poland)

  • Szopińska Kinga

    (Department of Geodesy, Spatial Management and Real Estate, Bydgoszcz University of Science and Technology, 7 prof. S. Kaliskiego Av., 85-796 Bydgoszcz, Poland)

  • Kostov Ivo

    (Department of Business, Investment, Real Estate, University of Economics – Varna, 77 Kniaz Boris I Blvd., 9002 Varna, Bulgaria)

Abstract

Persistent housing shortages and escalating housing investment costs in numerous countries drive the search for technologies that enable faster, cost-effective housing development. Prefabrication technology has emerged as a promising solution, which enables buildings to be constructed in significantly shorter timeframes compared to traditional methods. This approach utilizes prefabricated structural elements manufactured in controlled factory settings, leading to a substantial reduction in the carbon footprint associated with the construction process. This study focuses on two primary objectives: 1) Identifying the key factors for integrating prefabricated construction technology into the multifamily housing market, especially within the framework of sustainable development policies and the growing housing gap, and 2) Examining buyer preferences to assess their openness toward prefabricated construction in the multifamily residential market. Identification of the determinants of the implementation of prefabricated technology was carried out based on comprehensive literature review and critique of source documents. Additionally, buyer preference surveys were conducted among residents in post-communist Central and Eastern European countries (Poland, Bulgaria, and Ukraine).

Suggested Citation

  • Krajewska Małgorzata & Siemińska Ewa & Rącka Izabela & Szopińska Kinga & Kostov Ivo, 2025. "Prefabricated Construction in the Residential Real Estate Market," Real Estate Management and Valuation, Sciendo, vol. 33(1), pages 35-46.
    • Handle: RePEc:vrs:remava:v:33:y:2025:i:1:p:35-46:n:1004
    DOI: 10.2478/remav-2025-0004
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    References listed on IDEAS

    as
    1. Ravijanya Chippagiri & Hindavi R. Gavali & Rahul V. Ralegaonkar & Mike Riley & Andy Shaw & Ana Bras, 2021. "Application of Sustainable Prefabricated Wall Technology for Energy Efficient Social Housing," Sustainability, MDPI, vol. 13(3), pages 1-12, January.
    2. Sabina Maslova & Gemma Burgess, 2023. "Delivering human-centred housing: understanding the role of post-occupancy evaluation and customer feedback in traditional and innovative social housebuilding in England," Construction Management and Economics, Taylor & Francis Journals, vol. 41(4), pages 277-292, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    prefabrication; housing; sustainable development; housing gap; real estate market;
    All these keywords.

    JEL classification:

    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • P23 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Factor and Product Markets; Industry Studies; Population
    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights
    • P30 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - General
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • 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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