Supply, Demand and Asymmetric Adjustment of House Prices in Poland

Abstract

In recent years, a lot of empirical effort has been made to search for potential nonlinear responses of house prices to various demand and supply factors. This paper examines Poland's heterogeneous regional housing market reactions to key economic variables from 2000 to 2022. The study raises two research questions related to the asymmetric adjustment of housing markets to selected demand and supply shocks.

Keywords

• asymmetric adjustment
• house prices
• demand shock
• supply shock
• c32
• r15
• r21
• r31