Abstract
The aim of the paper is to answer the question to what degree the attractiveness of living in a particular district is reflected in the value of a given area. In this paper, it was undertaken to compare the attractiveness of the districts of Warsaw (information obtained from the study of MSO) to their value (assessed on the basis of the econometric model of apartment prices).
Highlights
An apartment is a product that distinguishes itself from other goods produced and consumed by people
The aim of the paper is to answer the question to what degree the attractiveness of living in a particular district is reflected in the value of a given area
It was undertaken to compare the attractiveness of the districts of Warsaw to their value
Summary
An apartment is a product that distinguishes itself from other goods produced and consumed by people. When choosing an apartment to buy, consumers consider two criteria: their preferences (regarding the size, type of building, and, first of all, location) and financial resources available to them (budget limitation).The primary need, i.e. location, may be satisfied practically everywhere (as regards location). It does not matter whether the apartment is located in the city centre or in its outskirts. The more attractive a given area is (from the perspective of living there), the more valuable it may be
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