Property price dependence from noise level on example of local real estate market

Abstract

The research issues discussed concern the impact of the environmental factor on the level of real estate transaction prices. In the face of the dynamically developing road infrastructure but also the increase in the volume of car traffic, it is necessary to take into account the effects of these changes in the area of property appraisal. In the group of price-generating attributes should be taken into account the noise level, because in many cases it may prove to be the most important factor from the perspective of real estate buyers. The research was carried out on the example of housing properties located at the main communication artery of Krakow.