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How planning decisions impact real estate property values (as exemplified by Oborniki Œl¹skie municipality)

Author

Listed:
  • £ukasz Damurski

    (Politechnika Wroc³awska, Wydzia³ Architektury, Katedra Planowania Przestrzennego)

  • Piotr Laskowski

    (Politechnika Wroc³awska, Wydzia³ Architektury, Katedra Planowania Przestrzennego)

Abstract

Planning documents define the possible functions of particular land and therefore determine the market potential and the value of real estate properties. This paper aims to identify the relationship between the stages of the planning process and the price of property. As an example, here served Oborniki Œl¹skie in Lower Silesia voivodeship. The different functional areas designated in this municipality, compiling data on the number of transactions and on the average price in the purchase / sale transactions per 1 m2 of land for the last 10 years have been analysed. The results of this study show some visible changes on the real estate market that can be associated with the adoption of particular planning documents.

Suggested Citation

  • £ukasz Damurski & Piotr Laskowski, 2014. "How planning decisions impact real estate property values (as exemplified by Oborniki Œl¹skie municipality)," World of Real Estate Journal (Swiat Nieruchomosci), Fundacja Uniwersytetu Ekonomicznego w Krakowie, issue 87, pages 45-52, March.
    • Handle: RePEc:kra:journl:y:2014:i:87:p:45-52
    DOI: 10.14659/worej.2014.87.07
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    More about this item

    Keywords

    real estate market; urban planning; value of real estate properties; Oborniki Œl¹skie;
    All these keywords.

    JEL classification:

    • R52 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Land Use and Other Regulations
    • R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Other Spatial Production and Pricing Analysis

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