The impact of the location of special economic zone on the dynamics of the land property market

key words: property market, Special Economic Zone, property trading

Summary:

The Special Economic Zone is a separate area with preferential terms for launching and operating national and foreign businesses. Entrepreneurs pursuing their business in these areas access a range of allowances and exemptions aimed at attracting investors' capital. Today, the territory of Poland includes 14 Special Economic Zones, all of them substantially contributing to the economic growth of their regions, mostly by developing the assets in place and tapping into unused natural resources with particular consideration of sustainability criteria. The lo-cation of Special Economic Zones also brings measurable benefits to local communities in the form of new jobs being created, improved competitiveness of goods and services, and infrastructural development. As facilities such as industrial plants, office venues and storehouses become inadequate, it is necessary to procure land to develop new facilities. This paper aims to examine the impact of the location of Special Economic Zone on the dynamics of the land property market. The research conducted shows clearly that the establishment of Special Economic Zones within areas under this survey resulted in greater property trading volume and higher property prices. This concerns the properties located both within the zones and in their immediate vicinity. Additionally, it was shown that the increase in property trading volume concerns not only the land with industrial use but also residential properties ad-jacent to the zone.

Citation:

Siejka M., Ślusarski M. 2013, vol. 10. The impact of the location of special economic zone on the dynamics of the land property market. Infrastruktura i Ekologia Terenów Wiejskich. Nr 2013, vol. 10/ 03 (2 (Sep 2013))