The private rental housing market before and during the COVID-19 pandemic: A submarket analysis in Cracow, Poland.

ABSTRACT: How the COVID-19 pandemic has altered the segmentation of residential rental markets is largely unknown. We therefore assessed rental housing submarkets before and during the pandemic in Cracow, Poland. We used geographically and temporally weighted regression to investigate the marginal prices of housing attributes over space-time. The marginal prices were further reduced to a few principal components per time period and spatially clustered to identify housing submarkets. Finally, we applied the adjusted Rand index to evaluate the spatiotemporal stability of the housing submarkets. The results revealed that the pandemic outbreak significantly lowered rents and modified the relevance of some housing characteristics for rental prices. Proximity to the university was no longer among the resi

SUBMITTER: Tomal M 

PROVIDER: S-EPMC9234384 | biostudies-literature | 2022 Jul

REPOSITORIES: biostudies-literature