“Absorption” or “Carrying Capacity” of Areas – Assessment Methods on the Example of Detached Housing Real Estate
Open Access
- 1 June 2019
- journal article
- research article
- Published by Walter de Gruyter GmbH in Real Estate Management and Valuation
- Vol. 27 (2), 5-19
- https://doi.org/10.2478/remav-2019-0011
Abstract
The concept of market absorption and carrying capacity in economic terms are adequate to the real estate market, even though the legislator uses only the concept of the absorptive capacity of the area in the planning process. The aim of the study is to discuss the concept of carrying capacity and absorption of the real estate market in economic and planning terms as well as the application of conclusions from literature studies and determination of capacity and absorption on a specific selected local market. In the empirical part, a model of demand for space for detached housing development (market absorption) was built as a function of price, income and expenses for complementary goods. At the same time, as a complementary good for the purchase of land for the construction of a house, the purchase of a flat and purchase of a real estate built-up with a detached house were accepted. On the other hand, reference was made to absorption understood adequately to planning documents. It was discussed whether the concept, interpreted in two ways, leads to the absorption of the same area on the local market. The analysis uses data from the Register of Prices and Values of Starosty County Price and Value Register, planning documents as well as data resources on statistics, and public information and own research.Keywords
This publication has 16 references indexed in Scilit:
- Overview of Socio-economic Transformations Based on Residential Architecture in a Suburban Area – Case Study of Villages in the Polish Region of WarmiaIOP Conference Series: Materials Science and Engineering, 2017
- Indicator-Based Assessment for Soil Resource Management in the Wrocław Larger Urban Zone of PolandPolish Journal of Environmental Studies, 2017
- Challenges in the wind turbines location process in Central Europe – The use of spatial decision support systemsRenewable and Sustainable Energy Reviews, 2017
- The Influence Of Planning Decisions Regarding Land Evaluation Based On A Selected Local Real Estate MarketReal Estate Management and Valuation, 2015
- Time-Varying Betas of US REITs from 1972 to 2013The Journal of Real Estate Finance and Economics, 2015
- Holistic Assessment of Spatial Policies for Sustainable Management: Case Study of Wroclaw Larger Urban Zone (Poland)Published by Springer Science and Business Media LLC ,2014
- Estimation of variables explaining urbanization concomitant with land-use change: a spatial approachInternational Journal of Remote Sensing, 2012
- Real Estate Risk Exposure of Equity Real Estate Investment TrustsThe Journal of Real Estate Finance and Economics, 2007
- On the Time‐Series Properties of Real Estate Investment Trust BetasReal Estate Economics, 2005
- Is there a real estate factor premium?The Journal of Real Estate Finance and Economics, 1994