Trends in primary real estate market during COVID-19 pandemic

The work included an analysis of the  primary real estate market in Krakow in 2017‑2020. The above analysis was carried out on the basis of transactions obtained from the official register at the city hall. The results of the research made it possible to observe the changes taking place in the marke...

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Bibliographic Details
Published inBudownictwo i Architektura Vol. 22; no. 4; pp. 27 - 37
Main Authors Jach, Wioletta, Hubar, Yurii, Trojański, Piotr, Maciuk, Kamil
Format Journal Article
LanguageEnglish
Published Lublin University of Technology 29.12.2023
Subjects
COVID-19
pandemic
primary real estate market
property
real estate
real estate market
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Summary:The work included an analysis of the  primary real estate market in Krakow in 2017‑2020. The above analysis was carried out on the basis of transactions obtained from the official register at the city hall. The results of the research made it possible to observe the changes taking place in the market: the prices grew moderately, and the number of transactions was between 8,000 and 11,000 each year. In 2020, due to the COVID-19 pandemic, the number of transactions conducted dropped sharply. Despite the reduced interest of potential buyers, prices per square meter of residential space increased significantly during the period under review. Thus, the pandemic only affected the number of transactions and not the average price per unit of space.
ISSN:1899-0665
2544-3275
DOI:10.35784/bud-arch.3728