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Impact of the COVID-19 pandemic on real estate market in Cracow

Żabówka Rafał, Maciuk Kamil

Zeszyty Naukowe. Transport / Politechnika Śląska

2022

z. 114

211--224

The purpose of this study was to determine the impact of the COVID-19 pandemic on the Cracow real estate market. The data used in the study included transactions of purchase of flats and single-family houses. At the initial stage, the database was reduced by applying a four-step selection and outliers were removed. The data analysis included separate transactions for single-family houses and flats, 5 different types of charts were prepared for each type of real estate. The conducted research concerned: the analysis of the number of transactions in subsequent years, the share of the number of transactions in individual quarters, average transaction prices (for houses) or average prices per square meter (for flats), analysis of the number of transactions in individual districts, years and quarters, and a comparison of the number of contracts in individual quarters given years. The main conclusion drawn from the study is the significant impact of COVID-19 on the number of house and apartment purchase transactions, while the pandemic did not have a significant impact on the average prices in the analysed database.