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The Influence of Real Estate on Its Surroundings Based on the Example of the Manufaktura Complex in Lodz

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  • Olbińska Katarzyna

    (Department of Investment and Real Estate Faculty of Economics and Sociology University of Łódź)

Abstract

Real estate compared to other goods is distinguished by a high specificity. One of the signs of these specifics is the interdependence or correlation between property and its surroundings. On the one hand, the factor of closest neighborhood can largely shape the value of the property, while on the other hand, the function, use and development of real estate can strongly affect nearby property and the image of their entire neighborhood. The dynamics of the interdependence between the property and its environment reveal themselves most clearly in moments of transformation of real estate and its use.

Suggested Citation

  • Olbińska Katarzyna, 2014. "The Influence of Real Estate on Its Surroundings Based on the Example of the Manufaktura Complex in Lodz," Real Estate Management and Valuation, Sciendo, vol. 22(4), pages 5-16, February.
    • Handle: RePEc:vrs:remava:v:22:y:2014:i:4:p:5-16:n:1
    DOI: 10.2478/remav-2014-0032
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