Real Estate Due Diligence on the Example of the Polish Market

Jasińska, Elżbieta

doi:10.5593/sgem2014/b22/s9.053

Cited by 15 publications

(13 citation statements)

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“…A property appraiser may apply a comparative, mixed or income approach to determine the market value of a given property. [12,16,17] The use of real estate in the local zoning plan may increase the value. In this case, an alternative method of use is used to determine compensation.…”

Section: Methodology Of Real Estate Valuation To Estimate the Amount mentioning

confidence: 99%

The implementation of spatial management as a factor supporting flood protection

Jasińska

2019

E3S Web Conf.

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This publication presents the issues related to cadastre and real estate management in flood protection. Cadastral data supported by other additional data is the basis for taking action in situations of natural hazards. A real estate cadastre is an important element in the implementation of a real estate acquisition plan. It allows for preliminary assessment of the negative impact of the project, change of the concept and, as a result, expropriation and compensation regulation. In parallel with the activities related to the acquisition of real estate, it is possible to regulate the legal status of other properties. In this publication, the analysis is based on the document entitled "Plan of obtaining real estate and resettlement for the Flood Protection Project in the Odra and Vistula basin, Component 3B: Protection against Sandomierz flood and Tarnobrzeg, Contract 3B.3, flood protection Tarnobrzeg - stage 1 (Wisła 1) ". This area is the research material of actions changing the forms of land management in order to increase the safety of areas exposed to floods. The effects of carrying out this project were an important part of the work, including restrictions in the use, loss of real estate. The implementation of a flood protection project may have a negative impact on the economic status of people living in the areas where the activities were planned. These may be restrictions on the use of real estate, in particular the loss of a part or the whole of the property as a result of expropriation. Ultimately, such actions may result in the resettlement of residents. As a part of the study, the compensation for particular entities was described in detail. The results of surveys confirming the lack of a negative impact on the economic situation of people affected by the project implementation were presented.

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Section: Methodology Of Real Estate Valuation To Estimate the Amount mentioning

confidence: 99%

The implementation of spatial management as a factor supporting flood protection

Jasińska

2019

E3S Web Conf.

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“…It is the stopping of light and air, smells and impurities resulting from the collection of solid waste, noise. These are only examples of indirect immunities that disrupt the use of neighbouring properties [3,5]. In particular, the nuisance and lowering of the neighbourhood standard will result from the excessive density of the designed buildings (4 families on one land plot with an area of about 10 areas in the area intended for single-family housing) and de facto multi-family buildings under the pretext that it is single-family housing.…”

Section: Appeals Against Building Permit Decisionsmentioning

confidence: 99%

Interaction of arrangements of the local spatial management plan in the field of environmental protection with the investment and construction process

Preweda

2019

E3S Web Conf.

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The local spatial management plan, adopted in Poland at the level of the municipality, is a source of universally binding law, determines the purpose of the area, the distribution of public purpose investments and defines the ways of development and the conditions for land development. The local plan is the basis for issuing the building permit decision on the areas for which its arrangements apply. It directly interferes with the rights vested in entities in real property and property rights. The provisions of the plan, as an act of universally binding law, bind everyone, including all administrative bodies and courts, as well as property owners. When adopting a local spatial management plan, the commune council should be guided by a number of values, including maintaining spatial order, architectural and landscape values, as well as environmental protection requirements. A local plan is an act of local law, therefore it must contain standards defining the specific purpose of each area covered by the regulation in an unambiguous manner, it cannot contain provisions that make land development conditional on subsequent opinions of public administration authorities or allow any entities to individually agree on deviations from the adopted plan. In practice, however, the ambiguity of provisions regarding environmental protection is noticed, in particular in the interpretation of the concept of biologically active land. The work presents how significantly this problem affects the construction investment.

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“…The development of the Krakow poviat, and in particular the communes adjacent to Krakow, results from the competitive level of investment land prices relative to Cracow. The poviat areas attracted not only individual investors, but also developers [4]. In recent years, there has been an increase in the number of development investments, while individual investors still have a significant share in the total number of transactions -around 80 % in issued building permits, which translates into over 70 % of the residential area [2].…”

Section: The Impact Of the Planned Bypass On The Value Of The Propertiesmentioning

confidence: 99%

“…It can be concluded that the residential real estate market is in its heyday. Analyzing the prices of real estates in the immediate vicinity of the Wrocław bypass of Wrocław [4], it was noticed that the prices of real estate in its immediate vicinity within two years of its opening decreased by about 25%. In the area of the beltway nodes or in the towns surrounding the city, prices remain at the same level.…”

Section: The Impact Of the Planned Bypass On The Value Of The Propertiesmentioning

confidence: 99%

North beltway of Cracow - selected elements of impact on the environment and the real estate market

et al. 2019

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The construction of such a large road facility as the city beltway can not have an impact on the environment. In addition to the obvious benefits to transport, attention should be paid to the environment of the area, in particular noise and air pollution. In December 2017, the Minister of Infrastructure and Construction signed the investment program for the implementation of the northern Krakow bypass road. General Directorate for National Roads and Motorways, the Kraków branch has announced an open tender for its implementation into the EU. Today, in our tender for the design and construction of the northern bypass road of Krakow, 8 offers was received. All tenderers give the date of completion of all works within 47 months. The length of the two-lane section of the beltway is about 12 km, each roadway will have 3 lanes. The POK (North Beltway od Cracow) will run mostly in the area of the Zielonki commune, through the towns of: Zielonki, Bibice, Węgrzce, Bosutów, Dziekanowice and Batowice. The analysis carried out show a very large increase in the value of real estates located in the northern part of Krakow and adjacent areas in recent years. According to the authors, the construction of the northern beltway and easier access to the center of Krakow through the modernization of the November 29 avenue will contribute to even greater interest in real estates located in this area. Real estate prices will certainly increase, rather only at the beginning of the investment. Residents will gain the comfort of an alternative transport line, but there will also be an increase in noise and air pollution, which is a particularly important problem in and around Krakow. The article presents the validation of these three issues in relation to changes in the real estate market in the commune of Zielonki.

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Real Estate Due Diligence on the Example of the Polish Market

Cited by 15 publications

References 0 publications

The implementation of spatial management as a factor supporting flood protection

The implementation of spatial management as a factor supporting flood protection

Interaction of arrangements of the local spatial management plan in the field of environmental protection with the investment and construction process

North beltway of Cracow - selected elements of impact on the environment and the real estate market

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