Open AccessA Market Analysis in Development Activity. The Problem of the Availability of Statistical Data in European Countries
Author(s) -
Agata Antczak-Stępniak
Publication year - 2018
Publication title -
real estate management and valuation
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.296
H-Index - 8
ISSN - 2300-5289
DOI - 10.2478/remav-2018-0034
Subject(s) - business , european union , foreign capital , scale (ratio) , industrial organization , statistical analysis , venture capital , capital (architecture) , finance , marketing , economics , international trade , foreign direct investment , macroeconomics , history , statistics , physics , mathematics , archaeology , quantum mechanics
Development activity is primarily characterized by high capital intensity. Developers implementing a venture in the residential market make use of not only their own funds but also capital from potential buyers. Therefore, developers should carefully analyze the markets in which they intend to conduct their business activity. This particularly applies to developers operating on an international scale. Local developers often understand the market situation in a given area enough to be able to successfully assess whether their products will find buyers. Foreign developers, however, deciding in which country and subsequently, in which region, to start their business activity, should base their analysis on reliable statistical data concerning demand, supply, prices, and the absorption rate. The aim of the article is therefore to assess the availability of statistical data necessary for conducting a market analysis for the needs of development activity in individual countries of the European Union and the United Kingdom.