EDITORIAL
The following issue is special for two different reasons. Firstly, it includes a selection of important papers that deal with dynamics of real estate markets and discuss challenges imposed by Covid-19 pandemics, as well as diffusion of new technologies (PropTech).
The first paper written by K. Nowak investigates the dynamics of office markets in Poland. In the article, author assesses the impact of several factors on office yield rates in Warsaw. In particular, the paper addresses the impact of Covid-19 pandemics on office yields. Finally, K. Nowak compares major findings from Warsaw to existing empirical evidence coming from mature office markets in US and Western Europe, based on the literature review.
The second paper by E. Siemińska addresses the general impact of Covid-19 epidemic on regional residential property markets in Poland. It should be noted, that compared with early papers on the impact of global pandemics on housing and commercial property markets, the body of knowledge and empirical evidence now allows for more insightful overlook. It was not possible in early 2020, when we experienced first waves of epidemic. E. Sieminska uses statistical data address the dynamics of housing markets and discusses the risk of a price bubble, as well as consequences of new social policy instruments introduced during the Covid-19 pandemics.
The third paper covers the topic of technology diffusion on residential market. Using the survey data A. Gorska investigates the house buyers attitudes towards new technologies introduced by industry 4.0 (PropTech), and compares them between male and female respondents.
The last paper, written by A. Mazurczak, follows the building technology diffusion theme and investigates the adoption of PropTech by local residential developers in Poznan. The papers identifies the possibilities of implementing modern technologies by residential developers, as well as discusses the challenges related to relatively low technology adoption rate compared to expectations of house buyers.
The current issue completes the year 2021 and therefore you will also find an annual table of contents and a list of our reviewers
Michał Głuszak
Editor-In-Chief
