The long term modeling of residential property prices in Poland

The main purpose of this article is to describe a dependence 6 between prices of flats and index of creditworthiness in Poland. In the 7 empirical part of this paper the author tests mentioned relations according to 8 Engle-Granger's procedure. Moreover the long time relation had been 9 verified by Johansen's procedure and a VAR model. This case leads to the 10 examination and estimation cointegration with testing lags between very 11 important variables on real estate market in Poland. The database used in the 12 research contains monthly observations from the middle of 2010 to the 13 beginning of 2014.