Abstract
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.
Highlights
In 2020 Poland, Europe, and the whole world pandemic mastered crown virus COVID-19
The announcement of the epidemic in Poland had a significant impact on many aspects of life in the country, both the social life of Poles and their financial situation changed
After analysing the average transaction prices per square meter of a dwelling in the quarters of individual years, a constant increase in average prices was noticeable, which is shown by Figure 9
Summary
In 2020 Poland, Europe, and the whole world pandemic mastered crown virus COVID-19. COVID-19 and its effects are very dangerous that society, spreads it by droplet, and so while talking, coughing, or sneezing, and symptoms are similar the common cold, which makes it difficult to detect correctly. Number of transactions and transaction prices were analysed according to the types of real estate for the first 3 quarters of 2017-2020 years. The average price of apartments was PLN (Polish Zloty) 7,000 per square meter, which increased by 12% compared to the previous year. Data were obtained from the Registry of Prices and Values Property (RPVP, polish Rejestr Cen i Wartości Nieruchomości) available in Cracow City Hall; as of 29 December 2020), for the years 2017-2020. This period results from the rules in force in the City Hall, which allowed employees to provide only a 4-year period of data for work purposes. A short summary is written, and the conclusions drawn are described
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
