<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The aim of this research was to analyze the effects of revitalization activities performed in a selected historical urban layout using the mixed method in which statistical analysis was supported by Geographic Information System (GIS) tools on the price level of residential premises on the secondary market. The subject of the analyses is “Old” Nowa Huta (Krakow, Poland), which was designed as an ideal independent city in the mid-20th century. The analysis covered the period from January 1, 2007 to December 31, 2020.</p>
<p>The conducted analyses have demonstrated that the transaction prices (and hence the value) of residential premises located in “Old” Nowa Huta increased during the performed revitalization activities. However, based on the results obtained, it could not be confirmed that this was the direct result of the revitalization itself, because the price level within the research site increased in proportion to the rising prices in the entire city. It seems, however, that although the changes in the quality of space in the analyzed area are not spectacular, they serve to improve the quality of life of the local community and are one of the ways to protect this historic urban layout.</p>
</abstract>

The aim of this research was to analyze the effects of revitalization activities performed in a selected historical urban layout using the mixed method in which statistical analysis was supported by Geographic Information System (GIS) tools on the price level of residential premises on the secondary market. The subject of the analyses is “Old” Nowa Huta (Krakow, Poland), which was designed as an ideal independent city in the mid-20th century. The analysis covered the period from January 1, 2007 to December 31, 2020.
The conducted analyses have demonstrated that the transaction prices (and hence the value) of residential premises located in “Old” Nowa Huta increased during the performed revitalization activities. However, based on the results obtained, it could not be confirmed that this was the direct result of the revitalization itself, because the price level within the research site increased in proportion to the rising prices in the entire city. It seems, however, that although the changes in the quality of space in the analyzed area are not spectacular, they serve to improve the quality of life of the local community and are one of the ways to protect this historic urban layout.

The Effect of Revitalisation on the Value of Residential Premises in Historic Urban Layouts

Department of Photogrammetry, Remote Sensing of Environment and Spatial Engineering, Faculty of Geo-Data Science, Geodesy, and Environmental Engineering

Real Estate Management and Valuation

This work is licensed under the Creative Commons Attribution 4.0 International License.

The aim of this research was to analyze the effects of revitalization activities performed in a selected historical urban layout using the mixed method in...

The Effect of Revitalisation on the Value of Residential Premises in Historic Urban Layouts

Published Online: Mar 06, 2024

Page range: 95 - 113

Received: Aug 23, 2023

Accepted: Dec 08, 2023

DOI: https://doi.org/10.2478/remav-2024-0011

Keywords
heritage, market analysis, residential premises, revitalization program, value map

© 2024 Agnieszka Bieda et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

The Effect of Revitalisation on the Value of Residential Premises in Historic Urban Layouts

Published Online: Mar 06, 2024

Page range: 95 - 113

Received: Aug 23, 2023

Accepted: Dec 08, 2023

DOI: https://doi.org/10.2478/remav-2024-0011

Keywordsheritage, market analysis, residential premises, revitalization program, value map

© 2024 Agnieszka Bieda et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
heritage, market analysis, residential premises, revitalization program, value map