{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,6,30]],"date-time":"2026-06-30T10:25:58Z","timestamp":1782815158858,"version":"3.54.5"},"reference-count":52,"publisher":"Vilnius Gediminas Technical University","issue":"2","content-domain":{"domain":["journals.vgtu.lt"],"crossmark-restriction":true},"short-container-title":[],"published-print":{"date-parts":[[2014,6,20]]},"abstract":"<jats:p>The development of the real estate market is conditioned by a variety of endogenous and exogenous factors. Selected factors determine the local character of the real estate market, whereas others contribute to its classification as one of the main branches of the national economy. Rapid economic growth and the search for new investment opportunities have turned the real estate market into a highly competitive arena where various players carry out diverse investment strategies. Investors search for similarities that would enable them to develop risk minimizing strategies. Ratings are a modern tool that can be deployed in analyses and predictions of real estate market potential. This paper proposes a methodology for developing real estate market ratings, and it identifies the types of information and factors which affect decision-making on real estate markets. The following research hypotheses are formulated and tested in the article: 1) a real estate market can be rated in view of its significance for the local and national economy, 2) real estate market ratings support market participants in the decision-making process.<\/jats:p>","DOI":"10.3846\/1648715x.2014.927401","type":"journal-article","created":{"date-parts":[[2014,6,20]],"date-time":"2014-06-20T14:29:27Z","timestamp":1403274567000},"page":"198-212","update-policy":"https:\/\/doi.org\/10.3846\/ijspm_policy","source":"Crossref","is-referenced-by-count":40,"title":["RATING METHODOLOGY FOR REAL ESTATE MARKETS \u2013 POLAND CASE STUDY"],"prefix":"10.3846","volume":"18","author":[{"given":"Malgorzata","family":"Renigier-Bi\u0142ozor","sequence":"first","affiliation":[{"name":"Department of Real Estate Management and Regional Development, Faculty of Geodesy and Land Management, University of Warmia and Mazury in Olsztyn, Prawochenskiego 15, 10-724 Olsztyn, Poland"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Radoslaw","family":"Wisniewski","sequence":"additional","affiliation":[{"name":"Department of Real Estate Management and Regional Development, Faculty of Geodesy and Land Management, University of Warmia and Mazury in Olsztyn, Prawochenskiego 15, 10-724 Olsztyn, Poland"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Arturas","family":"Kaklauskas","sequence":"additional","affiliation":[{"name":"Department of Construction Economics and Property Management, Vilnius Gediminas Technical University, Saul\u0117tekio al. 11, LT-10223 Vilnius, Lithuania"}],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Andrzej","family":"Bi\u0142ozor","sequence":"additional","affiliation":[{"name":"Department of Cadastre and Spatial Management, Faculty of Geodesy and Land Management, University of Warmia and Mazury in Olsztyn, Poland"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"2209","reference":[{"key":"cit0001","doi-asserted-by":"publisher","DOI":"10.1016\/S0378-4266(00)00116-3"},{"key":"cit0002","doi-asserted-by":"publisher","DOI":"10.1016\/j.jbankfin.2004.06.006"},{"key":"cit0003","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6229.2010.00291.x"},{"key":"cit0004","doi-asserted-by":"publisher","DOI":"10.1080\/02673039982911"},{"key":"cit0005","doi-asserted-by":"publisher","DOI":"10.1016\/j.ins.2012.04.041"},{"issue":"1","key":"cit0006","first-page":"59","volume":"19","author":"Be\u0142ej M.","year":"2011","journal-title":"Journal of the Polish Real Estate Scientific Society"},{"key":"cit0007","doi-asserted-by":"publisher","DOI":"10.1007\/s11146-009-9210-2"},{"issue":"1","key":"cit0008","first-page":"37","volume":"4","author":"Bi\u0142ozor A.","year":"2005","journal-title":"Acta Scientiarum Polonorum \u2013 Administratio Locorum"},{"issue":"3","key":"cit0009","first-page":"57","volume":"15","author":"Bi\u0142ozor A.","year":"2007","journal-title":"Journal of the Polish Real Estate Scientific Society"},{"key":"cit0010","author":"Bi\u0142ozor A.","year":"2009","journal-title":"Procedura okre\u015blania istotno\u015bci wp\u0142ywu atrybut\u00f3w nieruchomo\u015bci z wykorzystaniem teorii zbior\u00f3w przybli\u017conych [Procedure for determining the significance of the impact of the property attributes using rough set theory]"},{"key":"cit0011","volume-title":"Inwestycje w nieruchomo\u015bci [Real estate investments]","author":"Bryx M.","year":"2001"},{"key":"cit0012","doi-asserted-by":"publisher","DOI":"10.1016\/j.jimonfin.2012.02.018"},{"issue":"1","key":"cit0013","first-page":"125","volume":"79","author":"Case K. 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