Evaluation of prefabricated blocks of flats through the Real estate market point of view

Jacek Zyga

Abstract

The market of flats located in buildings of prefabricated blocks in Lublin, on the background of the rest of flats, is described in presented essey. The analysis of the variables included in the unit prices of flats (from the period of the years 2005-2013), located in multi-family blocks, completion of which was contained in the years 1962-1991 and the design was a variant of construction of prefabricated elements or another. Comparative analysis was performed separately for separate zones as well as for the city of Lublin. The comparison of transactions in the whole of the city showed that in most of the periods compared, average unit prices of flats, located in prefabricated buildings, remained higher than other. On the other hand, during the year 2004 and for the years 2011-2013 (separately in different years), the average unit prices of flats in prefabricated buildings happened to be lower than the average prices of other premises. Statistical significance of differences between average unit prices in parallel subgroups (prefabricated buildings vs. buildings realized in other technologies) has been tested with Student's t-test. The comparison of two mentioned market segments demonstrates their small diversity, proving that the market evaluation of usefulness and safety of flats located in buildings of prefabricated blocks is different and much better than the evaluations of constructors.