Scientific Papers

JOURNAL OF INTERNATIONAL STUDIES


© CSR, 2008-2019
ISSN: 2306-3483 (Online), 2071-8330 (Print)

1.10
2017CiteScore
 
72nd percentile
Powered by  Scopus



Directory of Open Access Journals (DOAJ)


Strike Plagiarism

Partners

The effect of perpetual usufruct on single-family house prices in Poznań

Vol. 12, No 3, 2019

 

Radosław Trojanek

 

Poznań University of Economics and Business,

Poznań, Poland

radoslaw.trojanek@ue.poznan.pl

The effect of perpetual usufruct on single-family houses PRICES in Poznań

Justyna Tanaś

 

University of Gdańsk,

Gdańsk, Poland

justyna.tanas@ug.edu.pl


Maria Trojanek

 

WSB University in Poznań,

Poznań, Poland

maria.trojanek@wsb.poznan.pl


 

 

 

 

 

 

 

Abstract. The paper explores the influence of the perpetual usufruct (a form of owning the ground similar to a long-term lease in Poland) on house prices in Poznań. The research is based on a data set of 1074 geo-coded single-family houses transactions for the years 2010 to 2015. In this research, the hedonic method was used in Ordinary Least Squares (OLS), Weighted Least Squares (WLS) and Median Quantile Regression (Median QR) models. We found substantial evidence that single-family houses constructed on perpetual usufruct lots are discounted on average at 4.1%.

 

 

Received: March, 2019

1st Revision: May, 2019

Accepted: September, 2019

 

DOI: 10.14254/2071-8330.2019/12-3/17

 

JEL ClassificationR31

Keywordsground lease, perpetual usufruct, house prices