Statistical analysis of land prices in Poland (2005-2010) Cover Image

Analiza statystyczna cen ziemi rolniczej w Polsce (2005–2010)
Statistical analysis of land prices in Poland (2005-2010)

Author(s): Tadeusz Konrad Grabowski
Subject(s): Economy
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: land; farmland; arable land; prices; statistical analysis

Summary/Abstract: Entering into European Union and financial markets crisis left their stamps on Polish economy. Land market was influenced by these changes the most significantly since December 5, 1989, when new regulations concerning free transactions in land appeared. In the nineties farmland was treated as an additional superfluous ballast, however, together with Polish accession to EU it became one of the most popular alternative investments bringing profiteers huge profits in short term. Unfortunately, financial crisis trundling on the real estate market sadly revised investors’ optimistic plans. Abortive investments in too expensive lands without possibility of being transformed into building terrains became problems to people without appropriate knowledge and skills who had wanted to earn quickly. Currently, despite of spreading fashion of land purchase, the market has been weakened significantly. It can be admitted that finally the farmers instead of profiteers are interested in land purchase, which is the beginning of situation stabilization and the first sign of market maturity.

  • Issue Year: XIII/2012
  • Issue No: 1
  • Page Range: 106-117
  • Page Count: 12
  • Language: Polish
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