The Impact of Ambiguous Provisions in Local Spatial Development Plans on Real Estate Valuation and Investment: Case Studies from Poland

The aim of this paper is to demonstrate to what extent the ambiguity and excessive detail of the provisions of local spatial development plans (LSDPs) lead to an increase in investment risk and destabilization of the real estate market. The analysis was conducted based on a study of the content of selected LSDPs and their impact on property values and investment processes. The scope of the study includes the analysis of cases of municipalities (local administrative units) with a different approach to spatial planning as well as Polish regulations in the field of spatial planning. Case studies of cities and areas in which the adopted local plans had an impact on investment decisions and property values were taken into account. The conclusions from the analysis will be used to assess the effectiveness of the regulations used and to formulate recommendations regarding the optimization of the spatial planning in a way that enables the harmonious combination of the interests of investors, residents, and local government authorities.