Conditions for the Growth of Developers’ Activity on the Example of Poland and France

Agata Antczak-Stępniak

Streszczenie w języku polskim


Theoretical background: Developers’ activity shows strong spatial diversification. These differences can be observed both between individual countries and within them - between cities. This means that developers’ activity is affected by a number of diverse factors of a national and local nature, which is also confirmed by the literature on the subject. This is a particularly important conclusion for developers operating at an international level. They have to make decisions in which country, and then in which city, development projects will bring the best results.

Purpose of the article: The aim of this article is to identify nationwide barriers to the growth of developers’ activity, especially those that are evident in periods of recession, as well as solutions that should be taken to facilitate the functioning of such entities in Poland.

Research methods: To achieve this aim, the desk research method and comparative analysis were used. A country which, apart from Poland, has been analyzed is France, which is also struggling with a housing deficit.

Main findings: The conducted research showed that the main nationwide barriers to the growth of developers’ activity are insufficient purchasing power of the population resulting from the lower wealth of the Polish society, different regulations regarding the protection of buyers of developer dwellings, a smaller level of government support for both the demand and supply side of developers’ activity. Especially, the last one barrier should be taken under consideration. In the near future, due to the cyclical nature of the real estate market, a drop in demand for dwellings should be expected. Therefore, aid instruments for developers should be introduced to avoid a wave of bankruptcy. They could consist of training enabling retraining of activities into commercial or increasing the involvement of these entities in the implementation of housing for rent for people with lower incomes.


Słowa kluczowe


developers’ activity; comparative analysis; nationwide factors

Pełny tekst:

PDF (English)

Bibliografia


Afrane, E., Bin Bujang, A.A., Liman, H.S., & Kasim, I. (2016). Major Factors Causing Housing Deficit in Ghana. Developing Country Studies, 6(2), 139–147.

Antczak-Stępniak, A. (2015a). Residential Development Activity in the Polish Legal Setting. Real Estate Management and Valuation, 23(1), 42–54. doi:10.1515/remav-2015-0004

Antczak-Stępniak, A. (2015b). Local Factors Influencing the Increase in Development Activity in Selected Cities of Poland. Real Estate Management and Valuation, 23(3), 73–84. doi:10.1515/remav-2015-0027

Antczak-Stępniak, A. (2017). Possibilities for the Growth of Social Housing with the Participation of Developers in Poland. Real Estate Management and Valuation, 25(1), 74–83. doi:10.1515/remav-2017-0004

Archiwalny wykaz prac legislacyjnych i programowych Rady Ministrów z okresu 4 grudnia 2015 r. – 21 listopada 2019 r. Retrieved from https://bip.kprm.gov.pl/kpr/form/r807189517,Projekt-ustawy-o-zmianie-ustawy-o-ochronie-praw-nabywcy-lokalu-mieszkalnego-lub-.html

Bank Danych Lokalnych Głównego Urzędu Statystycznego. Retrieved from https://bdl.stat.gov.pl/BDL/start

Bank Gospodarstwa Krajowego. Retrieved from https://www.bgk.pl/fies/public/Pliki/bip/Mieszkanie_na_start/Lista_Gmin/2021_01_04_wykaz_gmin.pdf

Bednarowska, Z. (2015). Desk research – wykorzystanie potencjału danych zastanych w prowadzeniu badań marketingowych i badań społecznych. Marketing i Rynek, 7/2015, 18–26.

Bukhari, S.A.H. (2011). What Is Comparative Study. Retrieved from https://ssrn.com/abstract=1962328; doi:10.2139/ssrn.1962328

D’Arcy, É., & Keogh, G. (2002). The Market Context of Property Development Activity. In S. Guy, & J. Henneberry (Eds.), Development and Developers: Perspectives of Property (pp. 19–34). Oxford: Blackwell Science Ltd.

Davis, T. (2007). The Real Estate Developer’s Handbook: How to Set Up, Operate, and Manage a Financially Successful Real Estate Development. Ocala: Atlantic Publishing Group Inc.

European Central Bank. Retrieved from https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/ index.en.html

Glaeser, E.L. (2017). real Estate Bubbles and Urban Development. Asian Development Review, 34(2), 114–151. doi:10.1162/adev_a_00097

Glock, S. Real Property Law Project. France. Retrieved from https://www.eui.eu/Documents/DepartmentsCentres/Law/researchTeaching/researchThemes/EuropeanPrivateLaw/realPropertyProject/France.PDF

Gostkowska-Drzewicka, M. (2010). Próba określenia wpływu czynników makroekonomicznych na rozwój mieszkaniowego rynku deweloperskiego w Trójmieście na tle Polski w latach 1995–2007. Barometr Regionalny, 1(19), 45–59.

Granath Hansson, A. (2018). Combatting the Housing Shortage Through Institutional reform: The Parallel Cases of Germany and Sweden. ZFV – Zeitschrift für Geodäsie, Geoinformation und Landmanagement, 143(2), 93–99. doi:10.12902/zfv-0197-2018

Grodzka, I. (2002). Czynniki sukcesu dewelopera. Nieruchomości, 8(48).

Institut national de la statistique et des études économiques (INSEE). retrieved from https://www.insee.fr/fr/statistiques/1892117?sommaire=1912926

Kędzierska, M. (2009). Kształtowanie polityki mieszkaniowej w warunkach gospodarki rynkowej. Equilibrium, 1(2), 147–157.

Khater, S., Kiefer, L., & Yanamandra, V. (2020). The Housing Supply Shortage: State of the States. Economic & Housing research Insight, Freddie Mac.

Kokot, S. (2012). Analiza zmian uwarunkowań podejmowania inwestycji deweloperskich w wybranych miastach Polski. Studia i Materiały Towarzystwa Naukowego Nieruchomości, 20(1), 53–69.

Kucharska-Stasiak, E. (2010). Uwarunkowania rozwoju działalności deweloperskiej w Polsce. Badania Naukowe, 25(2), 105–114.

Kucharska-Stasiak, E. (2016). Ekonomiczny wymiar nieruchomości. Warszawa: PWN.

La construction de logements. Retrieved from https://www.gouvernement.fr/action/la-construction-de-logements

Lai, N., & Wang, K. (1999). Land-Supply restrictions, Developer Strategies and Housing Policies: The Case in Hong Kong. International Real Estate Review, 2(1), 143–159.

McCray, J.W., & Day, S.S. (1977). Housing values, aspirations, and satisfactions as indicators of housing needs. Home Economics Research Journal, 5(4), 244–254. doi:10.1177/1077727X7700500404

Monkkonen, P. (2013). Housing Defiits as a Frame for Housing Policy: Demographic Change, Economic Crisis and Household Formation in Indonesia. International Journal of Housing Policy, 13(3), 1–21. doi:10.1080/14616718.2013.793518

Mueller, G., & Pevnev, A. (1997). An Analysis of Rental Growth Rates During Different Points in the Real Estate Market Cycle. Presented at the American real Estate Society Meetings. Sarasota, FL.

Mulroy, E.A., & Ewalt, P.L. (1996). Affordable Housing: A Basic Need and a Social Issue. Social Work, 41(3), 245–249.

National Bank of Poland. Retrieved from https://www.nbp.pl/home.aspx?f=/dzienne/stopy_archiwum.htm

Napiórkowska-Baryła, A., Witkowska-Dąbrowska, M., & Manuel de Jesus, I. (2016). Sytuacja mieszkaniowa w Polsce w latach 2007–2013 w kontekście zmian demograficznych. Humanities and Social Sciences, 21(23/3), 103–113.

Prognoza ludności rezydującej dla Polski na lata 2015–2050. Retrieved from http://stat.gov.pl/obszary-tematyczne/ludnosc/prognoza-ludnosci/prognoza-ludnosci-rezydujacej-dla-polski-na-lata-2015-2050,8,1.html

Sanfelici, D., & Halbert, L. (2016). Financial Markets, Developers and the Geographies of Housing in Brazil: A Supply-Side Account. Urban Studies, 53(7), 1465–1485. doi:10.2307/26151124

Schoonbrodt, R. (1987). Essai sur la destruction des villes et des campagnes. Liège: Pierre Mandaga.

Service de la donnée et des études statistiques (SDES). Retrieved from https://www.statistiques.developpement-durable.gouv.fr/construction-de-logements-resultats-fi-janvier-2020-france-entiere?rubrique=53&dossier=1047

Sirya, L.T. (2017). Factors Influencing Real Estate Companies Investment Decisions in Commercial Properties in Nairobi County, Kenya. A research project submitted in partial fulfiment of the requirement for the award of the degree of master of science in fiance, School of Business University of Nairobi.

Smersh, G.T., Smith, M.T., & Schwartz, Jr. A.L. (2003). Factors Affecting residential Property Development Patterns. JRER, 25(1), 61–75.

Śmietana, K., & Zagórska, E. (2009). Deweloper jako profesjonalny uczestnik rynku nieruchomości. In H. Henzel (Ed.), Strategie inwestowania na rynku nieruchomości (pp. 149–166). Katowice: Wydawnictwo Akademii Ekonomicznej.

The government’s housing strategy. Retrieved from https://www.gouvernement.fr/en/the-government-s-housing-strategy

Ustawa z dnia 28 lutego 2003 r. Prawo upadłościowe, Dz.U. 2020 poz. 1228 (The Act of 28 February 2003 Bankruptcy Law, Journal of Laws of 2020, item 1228).

Ustawa z dnia 16 września 2011 r. o ochronie praw nabywcy lokalu mieszkalnego lub domu jednorodzinnego, Dz.U. 2011 nr 232 poz. 1377 (The Act of 16 September 2011 on the protection of the rights of the purchaser of a flat or a single-family home, Journal of Laws of 2011, No. 232, item 1377).

Ustawa z dnia 27 września 2013 r. o pomocy państwa w nabyciu pierwszego mieszkania przez młodych ludzi, Dz.U. 2013 poz. 1304 (The Act of 27 September 2013 on the state aid in purchasing fist flat by young people, Journal of Laws of 2013, item 1304).

Ustawa z dnia 5 lipca 2018 r. o ułatwieniach w przygotowaniu i realizacji inwestycji mieszkaniowych i inwestycji towarzyszących, Dz.U. 2018 poz. 1496 (The Act of 5 July 2018 on the facilitation of the preparation and implementation of housing investments and accompanying investments, Journal of Laws of 2018, item 1496).

Wendling, P. et al. (2008). Immobilier Strasbourg. Agglomération et environs. Paris: Petit Futé.

World Bank. Retrieved from https://data.worldbank.org/country/

Żelazowski, K. (2017). Housing Market Cycles in the Context of Business Cycles. Real Estate Management and Valuation, 25(3), 5–14. doi:10.1515/remav-2017-0017




DOI: http://dx.doi.org/10.17951/h.2021.55.1.7-18
Data publikacji: 2021-05-11 08:56:55
Data złożenia artykułu: 2020-05-19 20:10:33


Statystyki

Widoczność abstraktów - 304
Pobrania artykułów (od 2020-06-17) - PDF (English) - 0

Wskaźniki



Odwołania zewnętrzne

  • Brak odwołań zewnętrznych


Prawa autorskie (c) 2021 Agata Antczak-Stępniak

Creative Commons License
Powyższa praca jest udostępniana na lcencji Creative Commons Attribution 4.0 International License.