The impact of planning conditions on residential land prices in the district of Bydgoszcz Cover Image

Wpływ uwarunkowań planistycznych na ceny gruntów mieszkaniowych w powiecie bydgoskim
The impact of planning conditions on residential land prices in the district of Bydgoszcz

Author(s): Kinga Szopińska, Małgorzata Krajewska, Iwona Dittmann
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: real estate market; undeveloped land for housing; planning conditions; prices

Summary/Abstract: Real estate market analyses are the basis for making many investment decisions, including residential land market. Residential lands may have different planning conditions, which in the literature are also called states planning space. In the paper the authors diagnose conditions of planning and carry out an analysis of transaction prices of land designated for residential development and residential services. The purpose of the article was an attempt to answer the question whether planning conditions affect prices of undeveloped land allocated for housing development in the rural district of Bydgoszcz. Based on transaction price data from the years 2011-2012 there were calculated average transaction prices and examined their variability. In order to assess the impact of planning conditions on undeveloped land prices two-way analysis of variance test and the test for two means were used. The results indicate that the planning conditions have an impact on the price of undeveloped land in most communes of district of Bydgoszcz.

  • Issue Year: 2014
  • Issue No: 46
  • Page Range: 108-120
  • Page Count: 13