Maria Trojanek

METHODIC OF ESTATE VALUATION IN POLAND – ACTUAL STATUS

The paper analyses methodic of estate valuation in Poland. Author discusses types of values, aims of valuation and valuation procedures.

The Application of Income Approach in Property Valuation in Poland

The income approach is mainly applied in calculating market value of properties, which earn or might earn income. The approach may also turn useful in the process of estimating the non-market value of a property (e.g. mortgage lending value). Calculating market value with the application of the subject approach means estimating the market value of the right to receive infinite income flows. However, the correctness of calculations depend on the correct estimation of rental rates, capitalization rates, discount rates, and other parameters reflecting the market segment represented by a valued property. Received: July, 2010 1st Revision: September, 2010 Accepted: October, 2010 JEL Classification: D23, P2

Strategic Municipal Real Estate Management

Th is paper explores the legitimacy of strategic management within municipal real estate stock. It defi nes the purposes, specifi city, and legal and economic aspects of public real estate management. Th e arguments for changing the current municipal real estate stock management model have been substantiated. We reinforce the thesis that what constitutes the foundation of eff ective public real estate management is task-based classifi cation of real estate (the purposes that real estate stock serves now and in the future) and the needs resulting from strategic documents. Th e paper also describes the activities taken up at each stage of the formulation of a strategic management concept.

Carrying Out Municipal Tasks in the Scope of Housing Stock Management – Case Study of Poznań City

Abstract The municipal real estate stock, including housing, serves as an asset base in the process of carrying out statutory tasks by the municipality. Due to the numerous functions of municipal housing in socioeconomic development and its influence on people’s living conditions, it is essential that local governments manage the stock with particular rationality and effectiveness. Management activities differ according to the aim, type and functions of the stock. This paper discusses conditions and potential benefits for the municipality from replacing budgetary units with commercial companies that take over the statutory tasks of municipalities in the field of public social housing and providing the right conditions to enable people’s housing needs to be met. Furthermore, the author presents possible financial settlement forms resulting from leasing municipal housing to commercial companies.

Sources of Municipal Incomes in Poland – Current State

Own incomes, especially taxes and local charges play the crucial role in a local budget system. By existing regulations local tax revenues are diversified depending on type of municipality, economic basis, local tax policy and other circumstances. District councils have the right to set tax and local charges levels or to introduce tax deductions or tax exemptions. The subject of this study is to analyse local governments’ incomes with particular emphasis on municipal incomes. Submitted: April, 2010 1st revision: May, 2010 Accepted: June, 2010

Recurrent Property Taxes in Communal Budgets – Identification of Types of Communes and their Spatial Differentiation

Abstract The main aim of this paper is to identify differences between Polish communes as regards their revenues from property taxes. To this end, we distinguished and described types of communes with similar configurations of features under analysis (incomes from real property tax, agricultural tax and forest tax). In the research procedure, we applied methods of multidimensional analysis, with particular emphasis on cluster analysis. The research was conducted on the basis of aggregated (to eliminate random fluctuations) values of income from properties in the years 2013-2015. On the basis of typological classification, we distinguished six clusters (groups) of communes of different quantitative characteristics of budget revenues from property taxes. We identified specific regularities in the distribution of the distinguished commune types.

Changes in the Demographic Structure of the Central City in the Light of the Suburbanization Process (The Study of Poznań)

The aim of the paper is to identify changes in the age structure of the inhabitants of the Downtown of Poznan and in the housing stock and number of residents in a single flat, taking into consideration the type of construction (in 2008 and 2013).

The Diversification of Communes' Revenue from Real Estate across Provinces

Abstract The aim of this paper is to identify the spatial differentiation of revenue from real estate in communes’ budgets across Polish provinces. We discuss property fees and taxes which feed into the communes’ budgets. We also present the assumptions of the research procedure which enabled us to distinguish classes of provinces according to revenues from real estate. In a further section of the paper, we analyze per capita revenues from real estate and the share of these revenues in the own income of communes among the distinguished classes of distance from the province capital. The results of our study show that, in the years under discussion, there are clear differences between spatial regularities in both scopes of analysis (the level of per capita income from real estate and the share of revenue from properties in the communes’ own income).

BUYER BEHAVIOUR PATTERNS ON THE PRIMARY HOUSING MARKET IN POZNAN IN THE PERIOD 2010-2011

Abstract The author endeavoured to define profiles and preferences of buyers on the primary housing market in Poznań. To achieve this aim, the author used data obtained from notarial deeds concerning transactions entered into on the primary housing market in Poznań in the period 2010-2011. The study was conducted among the biggest groups of buyers (i.e., women, men and married couples - 90% of those analyzed). The number of transactions encompassed in the study amounted to 1,648 (after selection and rejection of transactions with an incomplete description, e.g., incomplete information in the land register).

The UK and Poland's Mortgage Markets: a Comparative Analysis

Political transformations th at took place up to the middle 1990s caused dynamic growth of the Polish mortgage market. From that time dynamics of mortgage debts is much higher. Mortgage loans are the best developed area of both commercial and mortgage banks.