The research issues discussed concern the impact of the environmental factor on the level of real estate transaction prices. In the face of the dynamically developing road infrastructure but also the increase in the volume of car traffic, it is necessary to take into account the effects of these changes in the area of property appraisal. In the group of price-generating attributes should be taken into account the noise level, because in many cases it may prove to be the most important factor from the perspective of real estate buyers. The research was carried out on the example of housing properties located at the main communication artery of Krakow.
Comparative methods used in the valuation of real estate require the adoption of price-creating attributes, the number and type of which should take into account the specific conditions of the local real estate market related to the restriction of property rights. The subject matter concerns the legal and price analysis of real estate located in the areas of limited use of the Krakow-Balice airport. The paper is an introduction to the conducted research, the purpose of which is to construct models for the valuation of real estate located in these areas and assess the impact of such a location on the value of the property, taking into account their different purpose and use.
Shaping the spatial policy belongs to the tasks of the local commune governments, which through the acts of local law in the form of local spatial development plans establish rules of land development for specific purposes. Analyzing properties which are not significantly diversified in terms of location, because they belong to the same area of the “local market”, it can be concluded that linking land properties with the functions they can perform and with their development possibilities is the most significant attribute which shapes the level of land value. Suburbanization processes influence the decisions of communes located in the immediate vicinity of urban agglomerations as to the directions of allocating land for specific purposes, especially in the areas within the city’s range of influence. The subject of the research is real estates with commercial, service and industrial functions located in the district of Krakow, within the boundaries of communes directly adjacent to Krakow. The aim of the works is to analyze the links between the location of areas designated for commercial development and the location of main communication routes and the distance from the city borders.
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