FIG Peer Review Journal


Real Estate Markets in Poland – Analysis of Subsystem Structure (4975)

Malgorzata Renigier-Bilozor, Radoslaw Wisniewski and Marek Walacik (Poland)
Dr. Malgorzata Renigier-Bilozor
Assistent of Profesor
Department of Land Management and Regional
Development, University of Warmia
and Mazury in Olsztyn, Poland
Prawochenskiego 15 Str.
Corresponding author Dr. Malgorzata Renigier-Bilozor (email: malgorzata.renigier[at], tel.: + 48 89 5234718)

[ abstract ] [ paper ] [ handouts ]

Published on the web 2011-02-10
Received 2010-11-22 / Accepted 2011-02-10
This paper is one of selection of papers published for the FIG Working Week 2011 in Marrakech, Morocco and has undergone the FIG Peer Review Process.

FIG Working Week 2011
ISBN 978-87-90907-92-1 ISSN 2307-4086


Real estate markets (REM) may be classified as strong-form efficient, semi-strong-form efficient or weak-form efficient. Efficiency measures the level of development or goal attainment in a complex social and economic system, such as the real estate market. The effectiveness of the real estate market is a function of the efficiency of individual market participants. This paper comprises two parts. The first part attempts to analyze the efficiency of the Polish real estate market as a feature of general market efficiency. It formulates recommendations for improving market efficiency through the choice of adequate research methods and procedures based on the principles of the rough set theory.
Keywords: Land management; Valuation; efficiency of the real estate market; rough set theory