Land property price dynamics during the COVID-19 pandemic

Purpose: During the ongoing COVID-19 pandemic, many branches of the world's economies were negatively affected by the pandemic. The purpose of this study is to see if the coronavirus had a negative impact on the price dynamics of undeveloped land property using Polish suburban areas as an example.

Method: 945 transactions from 3 localities in the West Pomeranian Voivodeship over the period 2015 - 2021 were used for the study. The data was divided into quarters and the median was calculated, then a linear model was estimated. At the end, in order to check whether there is seasonality in the real estate market, the non-parametric Kendall's consistency test was used.

Results: The results indicate that the SARS-CoV-2 virus did not have a negative impact on the price dynamics of undeveloped real estate for single-family housing.