# RECORD 387c90bd781ef3cca43b776a1fe3e4d7c98fb2e6
# TITLE: Differentiation of Local Housing Markets in the Poznań Suburban Area
# YEAR: 2013.0  VENUE: nan  DOI: 10.2478/remav-2013-0030
# AUTHORS: Justyna Tanas
# PAGES: 11  CANDIDATE TABLE PAGES (1-based): []
# ABSTRACT: Abstract In recent years, there has been a strong interest in land intended for single-family housing in the suburban zones of big cities. This is strongly related to the suburbanization process. In the present study, the author endeavored to present the differentiation of local markets of undeveloped real estate intended for single-family housing in the suburban zones of Poznań. Notary deeds related to sales transactions in the segment of undeveloped land plots were the basic source of information used in the article. The article shortly discusses the specifics of the land market in the suburban zone, presents the research method (the nature of the real estate prices index) and then, creates a regression function of plot prices and indicates hedonic prices for undeveloped plots intended for single-family housing in particular communes. Finally, it seeks to define the similarities and differences within the local undeveloped property market in the Poznań agglomeration.


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88 
REAL ESTATE MANAGEMENT AND VALUATION 
 
www.versita.com/remv 
vol. 21, no. 3, 2013 
 
DIFFERENTIATION OF LOCAL HOUSING 
MARKETS IN THE POZNAŃ SUBURBAN AREA1 
 
Justyna Tanaś, PhD 
Department of Investment and Real Estate 
Poznań University of Economics 
e-mail: justyna.tanas@ue.poznan.pl 
 
Abstract 
In recent years, there has been a strong interest in land intended for single-family housing in the 
suburban zones of big cities. This is strongly related to the suburbanization process. In the present 
study, the author endeavored to present the differentiation of local markets of undeveloped real estate 
intended for single-family housing in the suburban zones of Poznań. Notary deeds related to sales 
transactions in the segment of undeveloped land plots were the basic source of information used in 
the article. The article shortly discusses the specifics of the land market in the suburban zone, presents 
the research method (the nature of the real estate prices index) and then, creates a regression function 
of plot prices and indicates hedonic prices for undeveloped plots intended for single-family housing 
in particular communes. Finally, it seeks to define the similarities and differences within the local 
undeveloped property market in the Poznań agglomeration. 
 
 
Keywords: suburban area, local housing markets, market of land intended for single-family housing. 
 
JEL Classification: R31. 
 
Citation: Tanaś J., (2013), “Differentiation of Local Housing Markets in Poznań Suburban Area”, Real 
Estate Management and Valuation, vol. 21, no. 3, pp. 88-98. 
 
DOI: 10.2478/remav-2013-0030. 
 
1. Introduction  
The system transformation in Poland caused rapid development of the property market. An important 
segment of the property market is the market of land intended for single-family housing. During the 
last dozen years, there has been a growing interest in this segment. The market developed particularly 
in the suburban areas of big agglomerations. This was related to the intensification of people's 
migration from the centers of big cities and the development of housing in suburban areas.  
In the study, the author endeavours to present the differentiation of the local market of 
undeveloped plots intended for single-family housing in the Poznań suburban area (17 communes 
within Poznań County). The analysis covers the period of 1995-2010.  
Notarial deeds concerning sales transactions of undeveloped plots were the basic source of 
information used in the article. As a result of the long and thorough study of notarial deeds from the 
County Center of Land Surveying and Cartography Documentation in Poznań, a database was created 
encompassing sales transactions of undeveloped plots registered in Poznań during the period of 1995-
2010.  From the created database, transactions of plots intended for single-family housing were 
selected. Those transactions which unquestionably differed from market standards, i.e., the prices of 
which did not reflect market characteristics, were rejected. Plots with areas ranging from 300 to  
3,000 m² were considered as typical plots intended for housing. A total number of 27,335 transactions, 
which may be defined as characterized by a sufficient cohesion of market features so that they could 
                                                 
1 The project was financed by National Science Center