The Potential of Residential Property in Poland as an Inflation Hedge Investment
The research objective of the article was to assess the potential of residential property in Poland as an inflation hedge investment. The study was conducted using innovative measures of the level of inflation hedging. The study was made for Poland’s six largest local residential markets, for two ty...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Sciendo
2024-03-01
|
| Series: | Real Estate Management and Valuation |
| Subjects: | |
| Online Access: | https://doi.org/10.2478/remav-2024-0006 |
| _version_ | 1797266072312741888 |
|---|---|
| author | Dittmann Iwona |
| author_facet | Dittmann Iwona |
| author_sort | Dittmann Iwona |
| collection | DOAJ |
| description | The research objective of the article was to assess the potential of residential property in Poland as an inflation hedge investment. The study was conducted using innovative measures of the level of inflation hedging. The study was made for Poland’s six largest local residential markets, for two types of investments, for different investment horizons (from 6 to 15 years). The research period adopted was: 3Q2006-4Q2022. In all cities, investments providing only capital gains allowed an attractive inflation hedging level to be achieved. Investments that additionally included rental offered a high inflation hedging level. The variation in the six cities studied in terms of inflation hedging through housing investment was found to be very low. The question of how extending the investment horizon affected the inflation hedging ability was not firmly answered. Frequently, the extension of the investment horizon has been accompanied by an increase in the level of hedging. |
| first_indexed | 2024-04-25T00:54:52Z |
| format | Article |
| id | doaj.art-4830c6d1f30a4afcaf659dd0d54e4160 |
| institution | Directory Open Access Journal |
| issn | 2300-5289 |
| language | English |
| last_indexed | 2024-04-25T00:54:52Z |
| publishDate | 2024-03-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Real Estate Management and Valuation |
| spelling | doaj.art-4830c6d1f30a4afcaf659dd0d54e41602024-03-11T10:06:09ZengSciendoReal Estate Management and Valuation2300-52892024-03-01321587010.2478/remav-2024-0006The Potential of Residential Property in Poland as an Inflation Hedge InvestmentDittmann Iwona01Departament of Finance, Wroclaw University of Economics and Business, ul. Komandorska 118/120, 53-345Wrocław, PolandThe research objective of the article was to assess the potential of residential property in Poland as an inflation hedge investment. The study was conducted using innovative measures of the level of inflation hedging. The study was made for Poland’s six largest local residential markets, for two types of investments, for different investment horizons (from 6 to 15 years). The research period adopted was: 3Q2006-4Q2022. In all cities, investments providing only capital gains allowed an attractive inflation hedging level to be achieved. Investments that additionally included rental offered a high inflation hedging level. The variation in the six cities studied in terms of inflation hedging through housing investment was found to be very low. The question of how extending the investment horizon affected the inflation hedging ability was not firmly answered. Frequently, the extension of the investment horizon has been accompanied by an increase in the level of hedging.https://doi.org/10.2478/remav-2024-0006inflation hedgereal estateresidentialhousing marketpolandg11r30r31r39 |
| spellingShingle | Dittmann Iwona The Potential of Residential Property in Poland as an Inflation Hedge Investment Real Estate Management and Valuation inflation hedge real estate residential housing market poland g11 r30 r31 r39 |
| title | The Potential of Residential Property in Poland as an Inflation Hedge Investment |
| title_full | The Potential of Residential Property in Poland as an Inflation Hedge Investment |
| title_fullStr | The Potential of Residential Property in Poland as an Inflation Hedge Investment |
| title_full_unstemmed | The Potential of Residential Property in Poland as an Inflation Hedge Investment |
| title_short | The Potential of Residential Property in Poland as an Inflation Hedge Investment |
| title_sort | potential of residential property in poland as an inflation hedge investment |
| topic | inflation hedge real estate residential housing market poland g11 r30 r31 r39 |
| url | https://doi.org/10.2478/remav-2024-0006 |
| work_keys_str_mv | AT dittmanniwona thepotentialofresidentialpropertyinpolandasaninflationhedgeinvestment AT dittmanniwona potentialofresidentialpropertyinpolandasaninflationhedgeinvestment |