Real estate markets in Poland : analysis of subsystem structure
Renigier-Bilozor, Malgorzata & Radoslaw Wisnieuwski
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 and subsystem strucure. This paper attempts to analyze the efficiency of the Polish real estate market subsystem as a feature of general market efficiency. It formulates recommendations for improving subsystem market efficiency through the choice of adequate research methods and procedures. Some chances can be application method based on the principles of the rough set theory. Authors propose the new methodology foundation of subsystem of real estate market analysis.
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