Time Series of Residential Property Prices in Poland - Identification of Nonstationarity Type

• Autorzy: Radosław Wiśniewski
• Języki publikacji: EN

Abstrakty

EN

In recent years, the residential property market in Poland has undergone dynamic change which resulted in a steep increase in property prices. These changes have specific implications for the time series of residential property prices. Data-generating processes in the property market system are conditioned by different causal factors which result in the absence of stationarity and stability in the time series of residential property prices in Poland. A nonstationary stochastic process is a process where the probability distribution function varies over time. The time series of residential property prices may be characterised by nonstationarity in average and nonstationarity in variance. The observed nonstationarity is not homogeneous. This study presents the results of an analysis to identify the nonstationarity type in time series of residential property prices on the Polish market. (original abstract)

Słowa kluczowe

EN

Real estate housing; Real estate prices; Time-series; Time-series analysis

PL

Nieruchomości mieszkaniowe; Ceny nieruchomości; Szeregi czasowe; Analiza szeregów czasowych

• Czasopismo: Studia i Materiały Towarzystwa Naukowego Nieruchomości
• Rocznik: 2009
• Tom: Value in the Process of Real Estate Management and Land Administration
• Strony: 67--89

Twórcy

autor

Radosław Wiśniewski

• Uniwersytet Warmińsko-Mazurski w Olsztynie

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