The impact of local investments on real estate market – case study in Poland
AbstractAim of this study is to examine the impact of the neighborhood of large investments on the level of underdeveloped land prices. The following study analyzed the behavior of the level of underdeveloped land process. The following study analyzed the behavior of buyers on the marked for underdeveloped land adjacent to a large construction project area prior to the beginning, during implementation and after its completion. It determined the effects of urban development in chosen region on interest in surrounding areas and attempt to verify the impact on the price level. It also designated the intensity of transactions in various stages of the investment. The area that was chosen to carry out the analysis was the city of Nowy Sącz as well as Świniarsko located in the Chełmiec municipality in Nowosądeckie district. In Nowy Sącz, there will be recognized investment associated with the construction of shopping mall Sandecja. While the undeveloped land of Świniarsko will be analyzed in connection with the construction of a bridge over the Dunajec River and the high-class bypass road offering the possibility of an alternative, faster and shorter travel to Nowy Sącz and Stary Sącz. Additionally, in order to eliminate the element that could have a significant impact on price volatility, which is the date of the transaction, the collected database covers transaction prices of underdeveloped land which are homogenous in terms of physical and legal factors, and on its basis the trend of price changes over the time were determined.
|Publication size in sheets||0.5|
|Book||19th International Multidisciplinary Scientific GeoConference SGEM2019 : Conference proceedings, vol. 19 : Informatics, Geoinformatics and Remote Sensing, Issue 2.2 : Geodesy and Mine Surveying, Photogrammetry and Remote Sensing, Cartography and GIS, International Multidisciplinary Scientific GeoConference & EXPO SGEM, vol. 19, no. 2.2, 2019, STEF92 Technology, ISBN 978-619-7408-80-5, 1086 p., DOI:10.5593/sgem2019/2.2|
|Keywords in English||site selection, land management, real estate market|
|WoS||Konferencja nieindeksowana (05.09.2019)|
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