IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Land Acquisition in Development Projects: Investment Value and Risk

  • Michal Gluszak

    ()

Housing market in Poland is by far the most active field of real estate market in Poland in recent two years. The housing boom in polish major cities, similar in some aspects to situation in Ireland and Spain, brings several questions concerning market efficiency, and possible speculative bubble. In article we focus on land acquisition problem in development projects. We analyze relations between prices, market and investment values of land suitable for multifamily housing projects in major polish cities during 2004-2006 period. Later we discuss the problem of market efficiency of polish housing market and sources of potential investment risk. The empirical part of the paper is based on analysis of notary acts of market transaction of land suitable for development in Krakow. Other sources of data comprise the official statistics of housing development cost gathered by Central Statistical Office in Poland, and housing transaction data from primary market in Krakow. The main purpose of analysis is an assessment of efficiency and risk of typical housing projects.

(This abstract was borrowed from another version of this item.)

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www-sre.wu-wien.ac.at/sre-disc/sre-disc-2008_06.pdf
Download Restriction: no

Paper provided by Institute for Multilevel Governance and Development, Department of Socioeconomics, Vienna University of Economics and Business in its series SRE-Disc with number sre-disc-2008_06.

as
in new window

Length: 16 pages
Date of creation: 2008
Date of revision:
Handle: RePEc:wiw:wiwsre:sre-disc-2008_06
Contact details of provider: Postal: Welthandelsplatz 1, 1020 Vienna, Austria
Web page: http://www.wu-wien.ac.at/mlgd/

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:wiw:wiwsre:sre-disc-2008_06. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gunther Maier)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.