Factor Analysis in Determining the Similarity of Local Real Estate Markets' Conditions
Journal Title: Acta Scientiarum Polonorum. Oeconomia - Year 2016, Vol 15, Issue 4
Abstract
Interest in research on the issue of real estate market similarity results from many practical problems, especially connected with land management and land administration. The authors assume that factor analysis, as a statistical method among multivariate analysis methods, can be a useful tool for the determining the similarity of local real estate markets' conditions. The authors exploited information from six variables describing local real estate markets to create two new independent main factors that, together, account for 80% of variability of the primary variables. Using factor analysis, it was possible to build a two-dimensional space in which the location of each real estate market can be described using the new main factors as coordinates. Although the practical research was conducted on chosen Polish cities in the Warmia-Masuria Province, the same methodology can be applied to other markets as well.
Authors and Affiliations
Mirosław Bełej, Radosław Cellmer, Sabina Źróbek, Maruska Subic Kovac
Differences in Income Distributions for Men and Women in Poland - an Analysis Using Decomposition Techniques
In the paper, we compare income distributions in Poland, taking into account gender differences. The gender pay gap can only be partially explained by differences in men’s and women’s characteristics. The unexplained par...
Risk of Overinvestment in Municipalities
This article describes investment activities of self-government territorial units. Its aim is to present the importance of investments for the provision of public services by municipalities. The opinions of the responden...
The importance of Organic Farming in the Context of Sustainable Development of Rural Areas in Poland
Organic farming is one of the basic elements of constant and sustainable development of rural areas. It is the highest form of protection of the natural environment in the field of agriculture. The aim of the article is...
Spatial Integration of Vegetable Wholesale Markets in Poland on the Selected Example
This article attempts to verify the phenomenon of price transmission between wholesale markets of carrots in Poland. Determining the level of spatial integration of markets will indicate their efficiency and thus can mak...
Competitive Advantages of Polish Food Producers on the Europen Union Market in the Post-Accession Period
Processes and phenomenons that appear within world economy result in the increase of competition on lots of markets, including the food markets. This competition is won by the entities, sectors and countries that possess...