PROPOSALS FOR QUANTITATIVE INDICATORS FOR REAL PROPERTY. MARKET ANALYSIS BASED ON THE ANALYSIS OF REAL PROPERTY. MARKET IN THE CITY OF JAROSLAW IN 2000–2011

References: 14th International Multidisciplinary Scientific GeoConference SGEM 2014, www.sgem.org, SGEM2014 Conference Proceedings, ISBN 978-619-7105-19-3 / ISSN 1314-2704, June 19-25, 2014, Book 5, Vol. 3, 339-346 pp

ABSTRACT
Real property market value is estimated predominantly according to data from notarial deeds. As a rule, the data are based on a sample and cover a certain fraction of the market. They form a basis for according analyses and models accounting for numerous variables, frequently of macroeconomic nature, influencing real property price over time. Sampling entails significant constraints and at any rate constitutes a certain approximation of the real model. In this study, the authors analysed all transactions completed on the local real property market in Jarosław between 2000 and 2011 to propose new indicators for real property market analysis and confront them with strong determining factors affecting the market. A considerable advantage of those indicators is their simplicity and practicability. In the future, the databases which are currently being created will make it possible to fully exploit and develop the solutions proposed herein.

Keywords: notarial act, sample, transaction