World of Real Estate Journal 91 (1/2015) - Table of Contents

MARKET
 
1. Krzysztof Nowak - The Application of the Time Dummy Variable Method for Calculating the Hedonic Index of Housing Prices at Mid-Size Markets
2. Sebastian Kokot, Katarzyna Orzechowska - Expectations of Real Estate Agent Customers
 
FINANCE
 
3. Iwona Foryś - Economic Premises for Updating the Annual Fees for Perpetual Usufruct of Land in the Recession in the Property Market
4. Iwona Zaręba - Controversies in Connection with the Definition of a Building Structure in the Polish Property Tax

PROBLEMS OF URBAN DEVELOPMENT

5. Michał Domińczak - Economic Values of an Urban Design Project - American Experiences of the New Urbanism
6. Izabela Rudzka - Determining Degraded Housing Areas in the Light of Regulations Regarding Revitalization Funding
 
INWESTYCJE
 
7. Zbigniew Malara, Janusz Kroik - Localisation as an Attribute of Competitiveness on the Economic Class Hotel Market
 
MANAGEMENT
 
8. Adam Nalepka - The Problems of Commercial Real Estate Management Solved by Negotiations
 
LAW

9. Iwona Szymczak - The Access to a Fixed Location not Belonging to Telecommunication Entrepreneur versus the End User’s Right to Choose a Service Provider

CHANGES IN REAL ESTATE  LAW
 
10. Maciej J. Nowak - Functional Areas in Spatial Planning DOWNLOAD
 
IN  PUBLISHING  MARKET
 
11. Maciej J. Nowak, Iwona Foryś „Zarządzanie przestrzenią w gospodarowaniu nieruchomościami” – Poltext Publishing House Offer DOWNLOAD
12. Michał Głuszak, Bartłomiej Marona „Podatek katastralny. Ekonomiczne uwarunkowania reformy opodatkowania nieruchomości” – Poltext Publishing House Offer DOWNLOAD

SUMMARIES

Krzysztof Nowak - The Application of the Time Dummy Variable Method for Calculating the Hedonic Index of Housing Prices at Mid-Size Markets

Over the last few years there have been rapid changes on the Polish real estate market. Significant price fluctuations have emphasised the need for the implementation of new tools to measure changes in the housing market. Most of housing market articles which appear in the media are based on the calculation of average or median prices per sqm. However, these measures do not include the quality adjustment of tested goods, which in turn is an advantage of hedonic price indices. In the paper, the application of the time dummy variable methods for calculating the hedonic index of housing prices was examined, using the data for the city of Rzeszów.

Keywords
: hedonic housing price index; time dummy variable method; housing prices; housing market

JEL Classification: R31

Citation (APA):
 Nowak, K. (2015). Hedoniczny indeks cen mieszkań dla rynków średniej wielkości, na przykładzie Rzeszowa. Świat Nieruchomości, (1(91)), 5-12.

DOI: 10.14659/worej.2015.91.01

Sebastian Kokot, Katarzyna Orzechowska - Expectations of Real Estate Agent Customers

The article presents the results of the survey concerning expectations and ratings of real estate agent customers. The survey results can be used by realtors to match their offer accurately to customers' expectations. It may help them to improve the quality of their services.

Keywords
: property market; real estate agencies; customers’ expectations

JEL Classification: R33

Citation (APA):
 Kokot, S., Orzechowska, K. (2015). Oczekiwania klientów biur pośrednictwa w obrocie nieruchomościami. Świat Nieruchomości, (1(91)), 13-22.

DOI: 10.14659/worej.2015.91.02

Iwona Foryś - Economic Premises for Updating the Annual Fees for Perpetual Usufruct of Land in the Recession in the Property Market

The fee update for perpetual usufruct (pu) of land is the subject of very going issue, despite the downturn in the real estate market., The process is particularly painful for users of perpetual estate in the centers of large cities, where prices are rising despite the crisis. The latter are in fact the basis for updating the market value of the land property for the purposes of calculating the new charges. The decision of the owner of land to take procedures, aiming to update these fees should be preceded by a detailed analysis of the market, confirming the economic premises for upgrade fees. Theoretical considerations are supplemented by empirical analysis, carried out in the local real estate market.

Keywords
: perpetual usufruct land; revaluation of annual fees; value of real estate

JEL Classification: R30–32

Citation (APA):
 Foryś, I. (2015). Ekonomiczne przesłanki aktualizacji opłat rocznych z tytułu użytkowania wieczystego gruntów w fazie recesji na rynku nieruchomości. Świat Nieruchomości, (1(91)), 23-28.

DOI: 10.14659/worej.2015.91.03

Iwona Zaręba - Controversies in Connection with the Definition of a Building Structure in the Polish Property Tax

The fact of linking the annual rate of property tax with the value of a building structure results in a constant, significant financial burden in the budgets of companies. Simultaneously, the definition of a building structure is vague, which causes difficulties for taxpayers and leaves space for open-ended interpretations of tax authorities. The size of the problem is represented by numerous legal cases in relation to the building structure definition and in particular, by the definition analysis conducted by the Constitutional Tribunal. Presently, the change of the definition of the building structure is postulated.

Keywords
: building structure; construction device; property tax

JEL Classification: K34

Citation (APA):
 Zaręba, I. (2015). Kontrowersje związane z definicją budowli przy wymiarze podatku od nieruchomości. Świat Nieruchomości, (1(91)), 29-34.

DOI: 10.14659/worej.2015.91.04

Michał Domińczak - Economic Values of an Urban Design Project - American Experiences of the New Urbanism

The article is an attempt to depict to the Polish readers, especially those dealing with housing investment (but also to all specialists related to the property market), a phenomenon of the movement of the New Urbanism. In spite of near thirty-years history and its Polish roots, there have been almost no broader interest in that issue in Poland so far. A short history, ideas and rules of the New Urbanism were presented in the article. Furthermore, relying on examples of US. research, a crucial role of a quality of urban and architectural projects in the investment process is explained. Last but not least, one of goals of this article is to trigger a concern of a broader discussion about theory and practice of the New Urbanism movement, especially in the context of urban planning, land use, and property market in Poland.

Keywords
: New Urbanism; Urban Design; Single-family housing

JEL Classification: R14, R21, R31, R51, R52

Citation (APA):
 Domińczak, M. (2015). Ekonomiczne wartości projektu urbanistycznego na przykładzie amerykańskich doświadczeń Nowej Urbanistyki. Świat Nieruchomości, (1(91)), 35-40.

DOI: 10.14659/worej.2015.91.05

Izabela Rudzka - Determining Degraded Housing Areas in the Light of Regulations Regarding Revitalization Funding

Guideline of Ministry of Regional Development on housing have created the potential conditions for implementation of regeneration projects in the areas of housing, co-financed from the EU funds. The inadequacy of the detailed provisions of these guidelines in relation to the definitional understanding of revitalization and the limited data aggregation of Polish official statistics caused the deficiencies in determining degraded areas. The result was the implementation of repair or modernization projects mainly. Set criteria for determining degraded areas, by using inappropriate reference (in relation to regional indicators) have resulted in the exclusion of many urban territories from revitalization activities financed from the EU sources. The content of this article is to present and evaluate these criteria, their impact on the way of the delimitation of the areas and the conclusions suggesting necessary changes in these guidelines.

Keywords
: revitalization; delimitation; housing

JEL Classification: R11, R24, O35

Citation (APA):
 Rudzka, I. (2015). Wyznaczanie zdegradowanych obszarów mieszkaniowych w świetle przepisów o finansowaniu rewitalizacji. Świat Nieruchomości, (1(91)), 41-46.

DOI: 10.14659/worej.2015.91.06

Zbigniew Malara, Janusz Kroik - Localisation as an Attribute of Competitiveness on the Economic Class Hotel Market

The article presents the results of the authors’ research into the influence of localisation factors on price behaviours (approval) of customers of economy class hotels in Wroclaw, with the identical purpose of stay. The factors affecting the price level of the hotel service were checked. A customer opinion poll with 43 premises was conducted. With the use of the factor analysis, substantial conditions were appointed. Out of seven formulated localisation premises (value attributes), three were included in the set of significant ones. Such preferences were affected by the tourist purpose of the stay. This purpose determines the preference of the localisation assessed according to the purpose of stay over standard localisation dimensions (distance from the station, airports, centre, roads). Creating competitiveness via localisation has solid bases but requires the examination of detailed conditions, which is shown in this article.

Keywords
: localisation; determinants of competitiveness; hotel industry; factor analysis

JEL Classification: R39, L29, D46

Citation (APA):
 Malara, Z., Kroik, J. (2015). Lokalizacja hotelu klasy ekonomicznej jako atrybut konkurencyjności. Świat Nieruchomości, (1(91)), 47-52.

DOI: 10.14659/worej.2015.91.07

Adam Nalepka - The Problems of Commercial Real Estate Management Solved by Negotiations

A lot of political, social and economic problems are solved by negotiations. There are numerous publications describing the principles of preparing and conducting negotiations effectively. The aim of this paper is identification and structuring of negotiation situations related to commercial real estate management. An analysis of the commercial real estate management process in the order-based system enabled to indicate three fundamental groups of problems solved by negotiations. They include the conclusion of real estate management contract between the owner and the property management firm, the conclusion of lease agreement between the real estate manager and tenants, and material and service delivery contracts between the real estate manager and firms providing such services. The study indicates general principles of proper solution of such problems and their significance in the effective commercial real estate management.

Keywords
: commercial real estate; real estate management; negotiations; negotiation situations

JEL Classification: R30

Citation (APA):
 Nalepka, A. (2015). Problemy zarządzania nieruchomościami komercyjnymi rozwiązywane przez negocjacje. Świat Nieruchomości, (1(91)), 53-58.

DOI: 10.14659/worej.2015.91.08

Iwona Szymczak - The Access to a Fixed Location not Belonging to Telecommunication Entrepreneur versus the End User’s Right to Choose a Service Provider

The main subject of this article is the presentation of basic differences between the legal construction of the access to a fixed location (telecommunication infrastructure) which belongs to the real property owner who is not a telecommunication entrepreneur (so called the last mile access to property) and the general regulation on the access to the fixed location which belongs to another entrepreneur (which is governed by Art. 139 of the telecommunication law). The law requires the property manager to allow access to the fixed location situated on the real property. He is also entitled to conclude a contract on it. The article concludes that this regulation does not protect the interests of end users, especially those who have a strong legal title to the dwelling space in the building and who are simultaneously the co-owners of the common part of the property. The final conclusion is that the law should protect the common interest of end users so that the decision to establish the access shall be taken by the majority of votes of the end users who have a strong legal title to the dwelling space in the building.

Keywords
: condominium; access to telecommunication net; end user; unfair competition

JEL Classification: K1

Citation (APA):
 Szymczak, I. (2015). Dostęp do infrastruktury telekomunikacyjnej nie będącej własnością przedsiębiorcy telekomunikacyjnego a ochrona własności nieruchomości. Świat Nieruchomości, (1(91)), 59-62.

DOI: 10.14659/worej.2015.91.09

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