Michal Gluszak and Bartlomiej Marona
This paper aims to discuss the link between socio-economic characteristics of house buyers and their housing location choices. The major objective of the study is an examination…
Abstract
Purpose
This paper aims to discuss the link between socio-economic characteristics of house buyers and their housing location choices. The major objective of the study is an examination of the role of household socio-economic characteristics. The research addresses the importance of previous residence location and latent housing motives for intra-urban housing mobility.
Design/methodology/approach
The research examines housing preferences structure and analyzes housing location choices in the city of Krakow (Poland) using discrete choice model (conditional logit model). The research is based on stated preference data from Krakow.
Findings
The results of this study suggest that demand for housing alternatives is negatively linked to the distance from current residence. Other factors stay equal, the further the distance, the less likely a household is willing to choose a location within the metropolitan area. The study indicates that housing motives can help explain housing location decisions.
Practical implications
The paper provides an empirical assessment of housing decisions in Krakow, one of the major metropolitan areas in Poland.
Originality/value
The paper contributes to a better understanding of the nature of housing decision and housing preferences in emerging markets in Central and Eastern Europe. As a result, presented research helps to fill the gap in housing market and urban economics literature.
Details
Keywords
Malgorzata Zieba, Stanislaw Belniak and Michal Gluszak
– The purpose of this paper is to assess the demand and to estimate the willingness to pay for sustainable (certified) office space in Poland.
Abstract
Purpose
The purpose of this paper is to assess the demand and to estimate the willingness to pay for sustainable (certified) office space in Poland.
Design/methodology/approach
Due to limited data on sustainable property performance in Poland, the research is based on stated-preference data. The main research tool is conjoint experiment, run on a sample of office tenants in Krakow.
Findings
Highest utility for office tenants in Poland is linked to BREEAM certificate (highest willingness to pay for having BREEAM certified office space. Slightly lower propensity to pay was observed for LEED certificate. The lowest willingness to pay was estimated for DGNB certificate. One of possible explanations is connected to tenants awareness (BREEAM is the most common certificate in Poland).
Research limitations/implications
The research results suggest increasing demand for sustainable office space in Poland, reflected by willingness to pay for sustainable office space. The main limitations of the research are twofold: geographical limitation (only one city) and hypothetical nature of choices made by tenants in the quasi-experiment.
Practical implications
The results of the research can justify the engagement of investors in sustainable property development in Poland and foster the development of this respective sector.
Originality/value
The paper is unique as it explores the potential for sustainable property development in emerging economies, which is not a common area of scientific interest mainly due to data availability. Traditionally most research focusses on mature markets in North America, and Western Europe, and empirical evidence from less developed markets is scarce. Few papers (if any) use quasi-experimental setting to elicit implicit price of ecological certificates.