Summary:

Each investment, regardless of the size and kind, causes changes in its en-vironment. Some of them are perceived as negative changes, e.g. location of an industrial plant in the vicinity of residential estates, while others have an immense positive influence on the surroundings, which affects price levels and the activity of the local real property market in consequence. It is known that the construction and development of the transportation network is decisive for the economic development of a given region or even country. This paper involved research leading to the verification of the above theses. The village of Świniarsko in the municipality of Chełmiec was chosen as an area for research. In July 2008, the construction of the ring road in Stary Sącz and the bridge on the Dunajec river were completed. This change in the transportation system gave new transport links to the villages and towns lying on the left bank of the river. Świniarsko is the nearest village to Stary Sącz and Nowy Sącz and the road being an extension of the ring road goes through this village. As a result of research conducted on the data collection containing transaction prices of undeveloped land properties intended for single-family residential buildings and homestead developments, it was stated that the construction of new transportation solutions brought a short-term increase in prices during the investment period and the permanent revival of the local property market.