The Impact of Flood Risk on the Activity of the Residential Land Market in a Polish Cultural Heritage Town

Małgorzata Dudzińska, Barbara Prus, Radosław Cellmer, Stanisław Bacior, Katarzyna Kocur-Bera, Anna Klimach and Agnieszka Trystuła
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Małgorzata Dudzińska: Institute of Geography and Land Management, Faculty of Geoengineering, University of Warmia and Mazury in Olsztyn, Prawocheńskiego str. 15, 10-719 Olsztyn, Poland
Barbara Prus: Department of Land Management and Landscape Architecture, Faculty of Environmental Engineering and Land Surveying, University of Agriculture in Kraków, Balicka str. 253c, 30-149 Kraków, Poland
Radosław Cellmer: Department of Spatial Analysis and Real Estate Market, Faculty of Geoengineering, University of Warmia and Mazury in Olsztyn, Prawocheńskiego str. 15, 10-720 Olsztyn, Poland
Stanisław Bacior: Department of Geodesy, Cadastre and Photogrammetry, Faculty of Environmental Engineering and Land Surveying, University of Agriculture in Kraków, Balicka str. 253a, 30-149 Kraków, Poland
Katarzyna Kocur-Bera: Institute of Geodesy and Civil Engineering, Faculty of Geoengineering, University of Warmia and Mazury in Olsztyn, Prawocheńskiego str. 15, 10-719 Olsztyn, Poland
Anna Klimach: Institute of Geography and Land Management, Faculty of Geoengineering, University of Warmia and Mazury in Olsztyn, Prawocheńskiego str. 15, 10-719 Olsztyn, Poland
Agnieszka Trystuła: Institute of Geography and Land Management, Faculty of Geoengineering, University of Warmia and Mazury in Olsztyn, Prawocheńskiego str. 15, 10-719 Olsztyn, Poland

Sustainability, 2020, vol. 12, issue 23, 1-18

Abstract: The article attempts to determine the effect of perceived flood risk, based on identified flood hazard zones, on the level of activity in the market of land property designated for housing developments in the historical town of Sandomierz, Poland. The study employed graphical, analytical, quantitative methods, and spatial analyses with GIS tools. The proposed methodology, involving spatial interpolation of the phenomenon (Kernel Density Estimation (KDE) and Inverse Distance Weighting (IDW)) and an expert opinion survey, facilitates the assessment of the market activity in towns where transactions are scarce. Trade in property is lower in areas at risk of flooding than for the remaining parts of the town. The potential flood hazard zone affects both the activity of the property market and the average prices of land. The study demonstrated that both a flood and flood risk affect the levels of market activity and the prices of residential land. However, this impact differs at various times and locations and is greater immediately after a flood. Properties located in the most attractive location within an area are characterised by a greater sensitivity to this risk.

Keywords: flood risk zone; flood risk maps; housing development zone; GIS tools; sustainable development (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:23:p:10098-:d:455685

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