EDITORIAL
Welcome to the 116th issue of the World of Real Estate Journal. This issue consists of five papers and provides an in-depth analysis of selected problems in property research. The papers used a variety of methods as well as produced interesting results that have significantly broadened the existing real estate knowledge. All articles were presented at the scientific conference Contemporary challenges of real estate management, which took place on 19-21 September 2021 at the Cracow University of Economics, followed by a double-blind refereeing process.
The first paper by Sławomir Palicki used quantile regression to examine the impact of revitalization processes on price changes on the secondary housing market in downtown of Poznań. The findings confirmed that revitalization usually causes various effects of increases in apartment prices in revitalized areas, with the strongest increase in prices in the case of the most attractive properties. In special situations, such as the least attractive housing stock, there may be a negative impact of city renewal on the real estate market.
The second paper by Aleksandra Jadach-Sepioło was indented to explore the stimulation of suburbanization trends through the degradation of central areas in cities using the Spearman's rank correlation coefficient. The findings suggested that the correlation between negative social phenomena and the outflow of people from the degraded area is the strongest. The decline in the number of inhabitants of the degraded and revitalization area is statistically significant correlated with type of the commune in case of urban and rural ones.
The third paper by Małgorzata Jaworek, Magdalena Kuczmarska and Włodzimierz Karaszewski aimed to assess the threats induced by the COVID-19 pandemic in the activities of the largest real estate development companies in Poland. The findings showed that the COVID-19 pandemic did not cause serious economic distress in the performance of the largest real estate developers operating in Poland.
The fourth paper by Rafał Wolski and Magdalena Załęczna verified the attractiveness of residential investments concerning other investments in the financial market using an ANOVA test. The findings revealed that such investments are not characterized by higher average rates of return than other financial investments.
The fifth paper by Justyna Brzezicka analyzed the problems in property market research including the problems associated with information supply on the real estate market. The findings confirmed that the length of the information lag between the date on which an application was submitted and the date on which the requested information was provided was approximately 30 days. The average difference between the date on which the requested information was received and the date of the most recent transaction in the register was 40 days.
I hope that all papers in this issue will contribute to the current scientific discussion as well as advance real estate research in the international arena.
Mateusz Tomal
Thematic Issue Editor
