Forecasting in the sphere of real estate purchase in Poland for 2021 in terms of economic security

Abstract

The study analyzes the price of 1 m2 of usable floor area of a residential building completed in Poland on a quarterly basis from 1999 to 2020. Patterns in the form of a trend were detected. It was confirmed by the constructed zero-one multiple regression model consisting of nine predictors. Multiple R2 of this model was 0.96. Additionally, the model was used to forecast the price of 1 m2 of usable floor area of a residential building completed in Poland on a quarterly basis for 2021. The last stage of the research was to evaluate the forecast obtained by calculating the MAPE index.

Keywords

• real estate prices
• covid-19
• the impact of covid-19 on housing prices in poland
• forecasting
• economic security