Geographia Technica, Vol 13, Issue no. 2/2018, pp. 138-151
PERCEIVING THE IMPACT OF BROWNFIELDS ON THE REAL ESTATE PRICES: A CASE STUDY FROM FOUR LOCATIONS IN THE CZECH REPUBLIC
Kamila TURECKOVA, Jan NEVIMA
ABSTRACT: The abandoned buildings and areas - brownfields are continuously an integral part of settlements across Europe. One form of interaction between brownfields and the surrounding area is through the property market when it is clear that brownfields affect the value of real estate in its neighborhood. The subject of our research was why and with what intensity this is happening. The research was conducted between 2017 and 2018 in four municipalities in the Czech Republic (Olomouc, Skrbeň, Stonava and Životice) through a questionnaire survey aimed at identifying factors that determine the specific perception of the impact of brownfields on the value of surrounding real properties. The results of the research clearly supported the logical assumption that brownfields are perceived completely negatively in the context of their existence and the impact of their presence on the surrounding residential property values of the inhabitants of the selected municipalities. The findings are a desirable public interest argument for finding solutions to brownfield issues. It is necessary to suppress the negative side of brownfields and transform it into the potential for further development of the area and regions.
Keywords: Brownfield, Residential property values, Real estate price, Czech Republic.
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