Przeobrażenia rynku nieruchomości w polskich metropoliach w okresie 1989–2011 oraz perspektywy jego rozwoju

The article concerns the real estate market in Polish metropolitan areas and the factors that affect it. The purpose of this study is to identify the most important elements affecting the conditions, functioning and perspectives of the real estate market. In the study six metropolitan areas: Warsaw, Łódź, Cracow, Wrocław, Poznań and Tri-City have been presented. The comparison of statistics and annual reports of selected banks and consulting firms have shown that the real estate market changed under the influence of external factors, associated with changes in the world economy and the crisis. The beginning of the changes was a crisis on the mortgage market in the United States and internal factors associated with Polish economic situation connected with the Polish accession to the European Union in 2004 and with amended legislation on the conditions for obtaining loans for the purchase of real estates.