Research Article
Influence of Urban Renewal on the Assessment of Housing Market in the Context of Sustainable Socioeconomic City Development
@INPROCEEDINGS{10.1007/978-3-319-33681-7_76, author={Sławomir Palicki and Izabela Rącka}, title={Influence of Urban Renewal on the Assessment of Housing Market in the Context of Sustainable Socioeconomic City Development}, proceedings={Smart City 360°. First EAI International Summit, Smart City 360°, Bratislava, Slovakia and Toronto, Canada, October 13-16, 2015. Revised Selected Papers}, proceedings_a={SMARTCITY360}, year={2016}, month={6}, keywords={Housing market Property value Revitalization Neighbourhood Kalisz}, doi={10.1007/978-3-319-33681-7_76} }- Sławomir Palicki
Izabela Rącka
Year: 2016
Influence of Urban Renewal on the Assessment of Housing Market in the Context of Sustainable Socioeconomic City Development
SMARTCITY360
Springer
DOI: 10.1007/978-3-319-33681-7_76
Abstract
The variability of the urban environment, where the symptoms are observed in terms of spatial, aesthetic, architectural, urban and socio-economic development, seems to be relevant to the functioning of the local real estate market. Housing issue is the vital component of sustainable socioeconomic city development. The perception of the property attractiveness is determined by price-setting attributes such as: building standard, area, utilities, zoning and also location and neighbourhood. The attractiveness of the residential property is manifested in its market value. As a part of the follow-urban transformation, it seems to be important to reconstruct the impact of the neighbourhood changes on the housing market. The authors attempt to explain the ensuing problem on the example of one of the streets in a Polish city – Kalisz, which over the years has gained a new face and market image and simulate changes in the market value of selected properties located on the street, in order to map the influence of changes on the value.