Price Convergence in the Regional Housing Markets in Poland

Abstract

Average prices of residential real estate usually show significant variation on a regional basis. This reflects different social, economic or historical conditions for the development of these markets. In addition, research so far has not provided strong evidence supporting convergence in the level of property prices in the regional dimension. The lack of price convergence, however, does not exclude convergence in the direction and strength of price changes.

Keywords

• polish housing market
• price convergence
• suradf test
• panel unit root tests
• c01
• r10
• r32