<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The grey area exists in all countries of the world. It is visible in various areas of activity, which means that it is widespread. It is a sign of the weak state institutional structures and overregulation of the economy. Traces of it are also visible on the real estate market. This paper argues that the size of the shadow economy in the real estate market is significantly undervalued. For this purpose, areas of its occurrence which had not been included in previous estimates were indicated, prepared by the Central Statistical Office and the Gdansk Institute for Market Economics. Two ways of tracking the grey zone were used: press reports and case studies.</p></abstract>

The grey area exists in all countries of the world. It is visible in various areas of activity, which means that it is widespread. It is a sign of the weak state institutional structures and overregulation of the economy. Traces of it are also visible on the real estate market. This paper argues that the size of the shadow economy in the real estate market is significantly undervalued. For this purpose, areas of its occurrence which had not been included in previous estimates were indicated, prepared by the Central Statistical Office and the Gdansk Institute for Market Economics. Two ways of tracking the grey zone were used: press reports and case studies.

Grey Zone in the Real Estate Market

Faculty of Economics and Sociology, University of Lodz

Real Estate Management and Valuation

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Grey Zone in the Real Estate Market"}

The grey area exists in all countries of the world. It is visible in various areas of activity, which means that it is widespread. It is a sign of the weak...

Grey Zone in the Real Estate Market

Publicado en línea: 08 oct 2016

Páginas: 83 - 92

DOI: https://doi.org/10.1515/remav-2016-0023

Palabras clave
grey economy, informal economy, real estate market

© 2016 Ewa Kucharska-Stasiak, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Grey Zone in the Real Estate Market

Publicado en línea: 08 oct 2016

Páginas: 83 - 92

DOI: https://doi.org/10.1515/remav-2016-0023

Palabras clavegrey economy, informal economy, real estate market

© 2016 Ewa Kucharska-Stasiak, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Palabras clave
grey economy, informal economy, real estate market