Multinomial Logit Model Of Housing Demand In Poland

When compared to mature housing markets, little has been done to understand the nature of demand on emerging housing markets in Central and Eastern Europe and to develop testable models for post-socialist economies. With the exception of Bazyl 2009 and Głuszak 2010, there is hardly any econometric evidence on factors behind housing tenure choices in Poland. The article focus mainly on: permanent (and current) income, household structure, lifecycle, and differences between local market characteristics. In the research, multinomial logistic regression is used to analyze factors that increase the probability of young households becoming homeowners.