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The source of data the results of researching offers of selling housing units on the secondary and primary market from the years the results of questionnaire research, conducted at the break of 2006 and 2007 on 466 people declaring their will for purchasing a housing unit on the local housing market in Poznan data from the Polish Central Statistical Office earlier research of the Department of Investments and Real Estate of the Poznan University of Economics
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Faculty of Management, Department of Investment and Real Estate
Prof. Henryk GawronŁukasz Strączkowski
Trends and changes in the development of the local housing market (on the example of the city of Poznań)
Stockholm – ERES 2009
The aim of the presentation
The aim of the presentation is to present the trends and changes of the situation on the local housing market in Poznań, taking into consideration the primary market (market of new housing units) and the secondary market (market of "used" housing units)
The source of data
• the results of researching offers of selling housing units on the secondary and primary market from the years 2000-2007
• the results of questionnaire research, conducted at the break of 2006 and 2007 on 466 people declaring their will for purchasing a housing unit on the local housing market in Poznan
• data from the Polish Central Statistical Office• earlier research of the Department of Investments and Real Estate of the
Poznan University of Economics
General information about Poznań
930 km
General information about Poznań
• Poznan is one of the largest cities in Poland• Poznan – the capital of voivodeship• the population living here amounts to approximately 560 thousand inhabitants• agglomeration of Poznan, together with the neighbouring places, amounts
to approximately 850 thousand people• Poznan – city of trade, small and medium business • beneficial economic parameters – good condition of labour market,
the income of the population one of the highest in the country• located in strategic place in Poland, on the Warsaw-Berlin route• relatively high position in Polish rankings in the scope of the attractiveness
of the city and further perspectives of development• in administration Poznan is divided in 5 large districts – Grunwald, Jeżyce,
Nowe Miasto, Stare Miasto and Wilda, but in order to notice some phenomena on housing market is divided in smaller housing area: The Centre (embracing the city centre and the oldest part of the city), Grunwald, Jeżyce, Piątkowo, Rataje, Wilda, Winogrady and others
• the housing resources in Poznań are relatively strongly diverse
General changes on local housing market
Investment structure of newly commissioned housing unitsSource: The Polish Central Statistical Office
changes in the structure of investors
changes in the technology of new built units
changes in the area of dwellings
statistical deficit of housing units oscillates around 15 thousand units
Barriers of investment activity
the monopolistic
position of media suppliers
lack of attractive lots for purchase
the low level of income
of society
lack of local plans of spatial
management
prolonged procedures of obtaining
building permits
Barriers
Prices
• relatively high availability of credits for purchasing a housing unit,
• concerns connected with the change of VAT from 7% to 22%,
• concerns connected with the liquidation of interest allowance,
• concerns connected with further dynamic increase of prices and the loss of ability for purchasing a housing unit in subsequent years.
Distribution of prices on the secondary housing market in the years 2000-2007
Motives for purchasing housing units
Decision factors for purchasing housing units
Differences between preferences and offer
Differences between preferences and offer
Summary
• the differences between preferences and offer are sometimes big, that’s why some of people decided to postpone the decision about buying a home
• too-high price of housing units and lack of appropriate incomes the most serious barriers of the development of the housing market in the opinion of people who declared to purchase a housing unit
• average dwelling buyer – young people
• people who come from one district of city are more often interested in buying a dwelling in this district – menthality
• of course these results refer to local housing market in Poznan and they are initial work to other research
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