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The Issue of the Influence of Limited Use Areas on Real Estate Value
Corresponding Author(s) : Joanna Pałubska
Geomatics and Environmental Engineering,
Vol. 13 No. 4 (2019): Geomatics and Environmental Engineering
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.
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- Ustawa z 27 kwietnia 2001 r. Prawo ochrony środowiska. Dz.U. 2017 poz. 519.
- Directive 2002/49/WE of the European Parliament and the Council of 25 June 2002 relating to the assessment and management of environment al noise.
- Cheramakara N., Bristow A., Budd L., Zanni A.: Stated choice valuation of aircraft noise and other environmental externalities at Bangkok Suvarnabhumi airport. [in:] Improving the World Through Noise Control: 43rd International Congress on Noise Control Engineering, Inter-Noise and Noise-Con Congress and Conference Proceedings, Vol. 249(5), 2014, pp. 2381–2388.
- Effects of Aircraft Noise: Research Update on Selected Topics. Airport Cooperative Research Program, National Academy of Sciences, Washington 2008.
- Dekkers J., Van der Straaten W.: Monetary Valuation of Aircraft Noise. Tinbergen Institute Discussion Paper, TI2008-064/3, 2008.
- Bell R.: The impact of airport noise on residential real estate. The Appraisal Journal, July 2001, pp. 312–321.
- Nelson J.P.: Meta-analysis of airport noise and hedonic property values: problems and prospects. Journal of Transport Economics and Policy, Vol. 38, No. 1, 2004, pp. 1–27.
- Rozporządzenie Ministra Środowiska z dnia 14 czerwca 2007 r. w sprawie dopuszczalnych poziomów hałasu w środowisku. Dz.U. 2014 poz. 112.
- Rich J., Nielsen O.A.: Assessment of traffic noise impacts. International Journal of Environmental Studies, Vol. 61, No. 1, 2004, pp. 19–29.
- Salvi M.: Spatial Estimation of the Impact of Airport Noise on Residential Housing Prices. Swiss Journal of Economics and Statistics, Vol. 144, No. 4, 2008, pp. 577–606.
- Schreurs E., Verheijen E., Jabben J.: Valuing airport noise in the Netherlands. Influence of noise on real estate and land prices. National Institute for Public Health and the Environment, Bilthoven 2011.
- Trojanek R., Tansa J., Raslanas S., Banaitis A.: The impact of aircraft noise on housing prices in Poznań. Sustainability, Vol. 9(11). DOI: https://doi.org/10.3390/su9112088.
- Trojanek R.: The impact of aircraft noise on the value of dwellings – the case of Warsaw Chopin Airport in Poland. Journal of International Studies, Vol. 7, No. 3, 2014, pp. 155–161.
- Kaufman H., Espey M., Englin J.: No plane, big gain? Airport noise and residential property values in the Reno-Sparks area. Western Agricultural Economics Association 1997 Annual Meeting, July 13–16, 1997 Reno/Sparks, Nevada [conference paper].
- Źróbek S., Trojanek M., Źróbek-Sokolnik A., Trojanek R.: The influence of environmental factors on property buyers’ choice of residential location in Poland. Journal of International Studies, Vol. 8, No. 3, 2015, pp. 164–174.
- Van Praag B.M.S., Baarasma B.E.: Using happiness surveys to value intangibles: the case of airport noise. The Economic Journal, Vol. 115, Issue 500, January 2005, pp. 224–246.
- Kucharska-Stasiak E.: Nieruchomość w gospodarce rynkowej. Wydawnictwo Naukowe PWN, Warszawa 2006.
- Historia 50 lat. Kraków Airport im. Jana Pawła II, [on-line:] https://www.krakowairport.pl/pl/lotnisko,c94/informacje-o-lotnisku,c95/50-lat-lotniska-1964-2014,c206/historia-50-lat,a1614.html [access: 5.02.2018].
- Uchwała nr XXXII/470/09 Sejmiku Województwa Małopolskiego z dnia 25 maja 2009 r. w sprawie utworzenia obszaru ograniczonego użytkowania dla lotniska Kraków – Balice, zarządzanego przez Międzynarodowy Port Lotniczy im. Jana Pawła II Kraków – Balice Sp. z o.o.
- Programy rekompensat w polityce łagodzenia negatywnych skutków funkcjonowania portów lotniczych. Airport Region Conference QLAIR, Mazowieckie Biuro Planowania Regionalnego w Warszawie, Warszawa 2011.
- Nelson J.P.: Hedonic property value studies on transportation noise: aircraft and road traffic. [in:] Baranzini A., Ramirez J., Schaerer C., Thalmann Ph. (eds.), Hedonic Methods in Housing Market Economics, Springer, 2007, pp. 57–82.
References
Ustawa z 27 kwietnia 2001 r. Prawo ochrony środowiska. Dz.U. 2017 poz. 519.
Directive 2002/49/WE of the European Parliament and the Council of 25 June 2002 relating to the assessment and management of environment al noise.
Cheramakara N., Bristow A., Budd L., Zanni A.: Stated choice valuation of aircraft noise and other environmental externalities at Bangkok Suvarnabhumi airport. [in:] Improving the World Through Noise Control: 43rd International Congress on Noise Control Engineering, Inter-Noise and Noise-Con Congress and Conference Proceedings, Vol. 249(5), 2014, pp. 2381–2388.
Effects of Aircraft Noise: Research Update on Selected Topics. Airport Cooperative Research Program, National Academy of Sciences, Washington 2008.
Dekkers J., Van der Straaten W.: Monetary Valuation of Aircraft Noise. Tinbergen Institute Discussion Paper, TI2008-064/3, 2008.
Bell R.: The impact of airport noise on residential real estate. The Appraisal Journal, July 2001, pp. 312–321.
Nelson J.P.: Meta-analysis of airport noise and hedonic property values: problems and prospects. Journal of Transport Economics and Policy, Vol. 38, No. 1, 2004, pp. 1–27.
Rozporządzenie Ministra Środowiska z dnia 14 czerwca 2007 r. w sprawie dopuszczalnych poziomów hałasu w środowisku. Dz.U. 2014 poz. 112.
Rich J., Nielsen O.A.: Assessment of traffic noise impacts. International Journal of Environmental Studies, Vol. 61, No. 1, 2004, pp. 19–29.
Salvi M.: Spatial Estimation of the Impact of Airport Noise on Residential Housing Prices. Swiss Journal of Economics and Statistics, Vol. 144, No. 4, 2008, pp. 577–606.
Schreurs E., Verheijen E., Jabben J.: Valuing airport noise in the Netherlands. Influence of noise on real estate and land prices. National Institute for Public Health and the Environment, Bilthoven 2011.
Trojanek R., Tansa J., Raslanas S., Banaitis A.: The impact of aircraft noise on housing prices in Poznań. Sustainability, Vol. 9(11). DOI: https://doi.org/10.3390/su9112088.
Trojanek R.: The impact of aircraft noise on the value of dwellings – the case of Warsaw Chopin Airport in Poland. Journal of International Studies, Vol. 7, No. 3, 2014, pp. 155–161.
Kaufman H., Espey M., Englin J.: No plane, big gain? Airport noise and residential property values in the Reno-Sparks area. Western Agricultural Economics Association 1997 Annual Meeting, July 13–16, 1997 Reno/Sparks, Nevada [conference paper].
Źróbek S., Trojanek M., Źróbek-Sokolnik A., Trojanek R.: The influence of environmental factors on property buyers’ choice of residential location in Poland. Journal of International Studies, Vol. 8, No. 3, 2015, pp. 164–174.
Van Praag B.M.S., Baarasma B.E.: Using happiness surveys to value intangibles: the case of airport noise. The Economic Journal, Vol. 115, Issue 500, January 2005, pp. 224–246.
Kucharska-Stasiak E.: Nieruchomość w gospodarce rynkowej. Wydawnictwo Naukowe PWN, Warszawa 2006.
Historia 50 lat. Kraków Airport im. Jana Pawła II, [on-line:] https://www.krakowairport.pl/pl/lotnisko,c94/informacje-o-lotnisku,c95/50-lat-lotniska-1964-2014,c206/historia-50-lat,a1614.html [access: 5.02.2018].
Uchwała nr XXXII/470/09 Sejmiku Województwa Małopolskiego z dnia 25 maja 2009 r. w sprawie utworzenia obszaru ograniczonego użytkowania dla lotniska Kraków – Balice, zarządzanego przez Międzynarodowy Port Lotniczy im. Jana Pawła II Kraków – Balice Sp. z o.o.
Programy rekompensat w polityce łagodzenia negatywnych skutków funkcjonowania portów lotniczych. Airport Region Conference QLAIR, Mazowieckie Biuro Planowania Regionalnego w Warszawie, Warszawa 2011.
Nelson J.P.: Hedonic property value studies on transportation noise: aircraft and road traffic. [in:] Baranzini A., Ramirez J., Schaerer C., Thalmann Ph. (eds.), Hedonic Methods in Housing Market Economics, Springer, 2007, pp. 57–82.