World of Real Estate Journal 73 (3/2010) - Table of Contents

INVESTMENTS 

1) Renata Kozik, Elżbieta Starzyk, Krzysztof Zima – External condition influencing completion of the construction projects in Poland in 2005-2008
2) Katarzyna Kania - Land developers’ activity in Cracow developers’ opinions
3) Michał Głuszak, Katarzyna Kania, Adam Nalepka - Evaluation of local public administration performance in terms of investment permits and planning procedures – preliminary results from pilot study

REAL ESTATE MANAGEMENT

4) Janina Kotlińska, Maciej J. Nowak - Perpetual usufruct – law and financial aspects
5) Damian Korecki, Maciej W. Wierzchowski – Legal grounds for forecasting the impact of financial enactment of local zoning plan

MARKET 

6) Łukasz Strączkowski - The preferences of home buyers on local housing market in Poznań
7) Marcin Płaziński - Residential market in Poland: Moods are much better but real situation barely improves
8) Wojciech Daniel, Karolina Chrabąszcz - The research of preferences of potential buyers in property valuation process on the property market in Tarnow

CHANGES IN REAL ESTATE LAW 

9) Maciej J. Nowak - Amendments to articles of 37 real estate act and the spacial planning and development act DOWNLAND

CONFERENCES 

10) Agnieszka Telega - XVII Conference of the European Association of Real Estate (Milan, 23-26 June 2010) DOWNLAND

ON THE PUBLISHING MARKET

 11) Andrzej Sobczak „Plany zarządzania. Modele, metody, narzędzia” - Poltext publishing proposal DOWNLAND

SUMMARIES

Renata Kozik, Elżbieta Starzyk, Krzysztof Zima - External condition influencing completion of the construction projects in Poland in 2005 2008

Undertaking and development of the construction projects depend on many factors: external and internal. The paper is focused on external conditions influencing construction projects completed in Poland after its accession to the European Union. Positive and negative external factors, most significant for the period of 2005-2008, are described. As a result of long construction cycles, many changes in the construction sector can be seen few months later. For this reason the analysis was made on the available information gathered in 2005-2008.

Katarzyna Kania - Land developers’ activity in Cracow developers’ opinions

In Poland the activity of developers is way of doing real estate investment which is still developing. On developed real estate markets there are developers who engage with the adaptation land for buildings known as land developer. Because of small quantity of publications and research in this field the author represents the general outline of land developers’ activity using the examples of developers who realize apartment projects. The research shows the preliminary analysis of developers’ approach to land problem as a part of development process.

Michał Głuszak, Katarzyna Kania, Adam Nalepka - Evaluation of local public administration performance in terms of investment permits and planning procedures – preliminary results from pilot study

In the article we discuss rationale and aims of the research focused on identification and diagnosis of key bureaucratic procedures, connected to issuing planning and building permits in major cities in Poland. The role of local administration can be a key to success or failure of development project. In the end we discuss the preliminary results of pilot study carried out in June 2010. The study was conducted by Department of Real Estate and Investment Economics and Foundation for Promoting Investments (Fundacja Izba Wspierania Inwestycji – FIWI) among developers and architects in Krakow.

Janina Kotlińska, Maciej J. Nowak - Perpetual usufruct – law and financial aspects

The aim of the article is introduction to law and economies aspects of perpetuar usufruct – law. Especially important were incomes os ususfruct in financial economy of communes. There was introduced also results of examinations about incomes of perpetual usufruct in big polish cities.

Damian Korecki, Maciej W. Wierzchowski - Legal grounds for forecasting the impact of financial enactment of local zoning plan

Develop financial forecasts of the effects of the adoption of local land use plan based on the Law of 27 March 2003 on planning and spatial development and the Act of 8 March 1990 on local self government. Forecast should specify the impact of the findings of the draft plan at:
  1. own revenue and expenditure of municipalities;
  2. costs relating to investments in technical infrastructure, which belong to the commune’s own tasks;
  3. economic qualities of space and related property rights and property values, meaning in practice:
     • direct economic responsibility of the community due to changes in property values by adopting a new plan or changing an existing one, having the form (compensation, purchase of real estate, offering replacement property);
     • the possibility for the municipality gains, due to the increase of property value caused by adopting a new plan or changing an existing one.
In many cases, rational land management - located in the areas allocated in local plans for purposes other than agriculture and forestry - enables the process of integrating and exchanging property, governed by the provisions of the Act of August 21, 1997 Real Estate Management. Terms of merging and division of property determines the local plan. It establishes:
     • the amount, timing and method of payment by beneficiaries fees for the access to technical infrastructure;
    • a list of parcels of land dedicated for roads and facilities whose owners or users could not disconnect from the land, and for trees and shrubs - for which the municipality will pay compensation.

Łukasz Strączkowski - The preferences of home buyers on local housing market in Poznań

The aim of the article is to present the initial works on preferences of buyers on local housing market in Poznan. The article contains main preferences which are estimated on the basis of the questionnaire research, conducted in 2009 year among local realtors (n=56). In addition the chosen results are compared with the data from the questionnaire research conducted at the break of 2006 and 2007 year on 466 people declaring their will for purchasing a dwelling in Poznan. Some of results show differences and some similarities.

Marcin Płaziński - Residential market in Poland: Moods are much better but real situation barely improves

The article presents key conclusions from the complex monitoring of the current apartment offer of all development companies operating on the seven most developed multi-family housing markets in Poland such as Warsaw, Krakow, Wroclaw, Poznan, Gdansk, Lodz and Katowice. Data taken from the market lead to the conclusion that although an optimism had recently spread among property developers and a lot of new projects were commenced, it is still too early to claim the market situation improved significantly. The research is being prepared every quarter by Market Research Department at Emmerson.

Wojciech Daniel, Karolina Chrabąszcz - The research of preferences of potential buyers in property valuation process on the property market in Tarnow

This article is an attempt to objectively examine the preferences of potential real estate buyers in the market of Tarnow. It presents the results of market analysis in terms of property characteristics that affect their value. While doing the research it has been assumed, that respondents are willing to pay higher for the estate that includes features pointed by them as relevant. It has also been recognized that the importance of a certain feature, when making a decision accepting a selling price level, is proportional to the frequency of indicating that feature by the respondents. The results of the research including this assumption allow to put in order a group of features and their influence on the value of vacant real estate, developed real estate with a single-family housing and other establishments.

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