Impact of the current local spatial development plans on the activity of investor on the Polish residential real estate market

Abstract

The local spatial development plan is an instrument of spatial policy which aims at shaping spatial order. The local plan includes solutions ensuring protection against emerging pollutants, as well as restoring the environment to its proper condition and setting the conditions for the implementation of projects, enabling optimal effects in the field of environmental protection. Land use and land development should also ensure the preservation of all landscape values as much as possible. When creating and adopting a local spatial development plan, a municipality as a local government unit must take into account both public and private interests. The paper attempts to answer the question whether city planning has an impact on investors' activity on the real estate market. Four selected cities located in different parts of Poland were analysed. The authors proposed determining the investor activity indicator as a measure of this impact.