Ecological Considerations in Real Estate Valuation
Agnieszka Bitner 1  
,  
Karol Król 1  
,  
Małgorzata Frosik 1  
,  
 
 
More details
Hide details
1
UR Kraków
CORRESPONDING AUTHOR
Agnieszka Bitner   

UR Kraków
Publication date: 2020-07-01
 
J. Ecol. Eng. 2020; 21(5):47–55
KEYWORDS
TOPICS
ABSTRACT
This paper discusses the use of quantitative cartographic methods in the analysis of undeveloped land properties located in the territory of the Municipality of Zakopane. Municipality of Zakopane is a territory with specific ecological, climatic, natural and environmental characteristics. Approximately 60% of the county is covered by the Tatrzański National Park. It comprises many ecological landscape features such as parks, green spaces, and vantage points. The presence of these features increases the value of the property, but at the same time in many cases it creates barriers to the property management arising from environmental protection. This area is gladly visited by tourists. Market analysis is the first stage of the process of real estate valuation. It aims at the identification of factors influencing the value of real property. Market analysis consists in determining the characteristics of the area where the real property is located and finding features that have significant impact on the value of the property. The results of market analysis, the availability and the amount of data may affect the selection of a valuation method. These data refer to sale and purchase transactions of undeveloped land properties between January 2011 and December 2015. Quantitative cartographic methods were applied in order to demonstrate the importance of the reliable selection of representative real properties and its impact on the acquisition of information about the real estate market under examination. These methods were also used to investigate the spatial distribution of the transactions and of the unit prices of undeveloped land properties. Cartographic analysis was conducted using the ArcGIS software and maps available on the Tatrzański Municipal Geoportal.