6533b857fe1ef96bd12b3d94

RESEARCH PRODUCT

A characterization of the real estate market

subject

description

Aim: The aim of the study is to identify and discuss important features of the real estate market with particular emphasis on their economic dimension, as well as to demonstrate cause and effect relationships between these features and the functioning of the market (mainly Polish conditions were taken into account). Design / Research methods: In the main, research and literature studies were carried out, which concerned two basic directions, i.e. identification of essential features of the real estate market from the point of view of their economic dimension, and showing the relationship between these features and the efficient operation of the market. Conclusions / findings: Research and analysis of theoretical and literature issues raised in the issues allowed to show that both the real estate market and the property itself have special features, which significantly disturbs the efficiency of the market mechanism. The indication of attributes characterizing the imperfection of the real estate market allowed us to discuss and show the practical side of the functioning of the Polish real estate market as an important element of the development of the national economy. Originality / value of the article: The results of research on the economic importance of the real estate market in the form of theoretical considerations can be used by entities and institutions that take part in the real estate trading process, as well as by scientists and researchers in conducting research in the subject matter.