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Open AccessArticle

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

1
Institute of Geography and Land Management, Faculty of Geoengineering, University of Warmia and Mazury in Olsztyn, Prawocheńskiego str. 15, 10-719 Olsztyn, Poland
2
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
3
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
4
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
5
Institute of Geodesy and Civil Engineering, Faculty of Geoengineering, University of Warmia and Mazury in Olsztyn, Prawocheńskiego str. 15, 10-719 Olsztyn, Poland
*
Author to whom correspondence should be addressed.
Sustainability 2020, 12(23), 10098; https://doi.org/10.3390/su122310098
Received: 25 October 2020 / Revised: 21 November 2020 / Accepted: 1 December 2020 / Published: 3 December 2020
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. View Full-Text
Keywords: flood risk zone; flood risk maps; housing development zone; GIS tools; sustainable development flood risk zone; flood risk maps; housing development zone; GIS tools; sustainable development
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MDPI and ACS Style

Dudzińska, M.; Prus, B.; Cellmer, R.; Bacior, S.; Kocur-Bera, K.; Klimach, A.; Trystuła, A. The Impact of Flood Risk on the Activity of the Residential Land Market in a Polish Cultural Heritage Town. Sustainability 2020, 12, 10098. https://doi.org/10.3390/su122310098

AMA Style

Dudzińska M, Prus B, Cellmer R, Bacior S, Kocur-Bera K, Klimach A, Trystuła A. The Impact of Flood Risk on the Activity of the Residential Land Market in a Polish Cultural Heritage Town. Sustainability. 2020; 12(23):10098. https://doi.org/10.3390/su122310098

Chicago/Turabian Style

Dudzińska, Małgorzata; Prus, Barbara; Cellmer, Radosław; Bacior, Stanisław; Kocur-Bera, Katarzyna; Klimach, Anna; Trystuła, Agnieszka. 2020. "The Impact of Flood Risk on the Activity of the Residential Land Market in a Polish Cultural Heritage Town" Sustainability 12, no. 23: 10098. https://doi.org/10.3390/su122310098

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