The Issue of the Influence of Limited Use Areas on Real Estate Value

Abstract

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.