Sustainable formation of urban development on the example of the primary real estate market in Krakow

Due to the high demand on the housing market, it may seem that every investment will find buyers’ interest and the key is its economic dimension. Meanwhile, in the Krakow real estate market, one can observe the trend of SMART market creation, in which the added value is the quality of life of residents of a given investment, especially in terms of using renewable energy sources and ensuring a well-organized space around the investment. The implementation of intelligent energy networks and the widespread use of renewable energy sources will result in more efficient energy transfer, waste recycling, faster identification of the threat and repair after a possible failure. Using, for example, the resources of the National Fund for Environmental Protection and Water Management, the implementation of ecological solutions is not related to the excessive price of such investments, and guarantees a higher quality of life for new owners. The article presents good practices in the design of housing estates in the city of Krakow. One of such closed settlements is "Osiedle Fi", whose location guarantees good public transport, additionally underground parking places a lot of green areas outside, positively affecting the microclimate of the area. The buildings are made of natural materials and the common parts of the property are illuminated from solar energy. The use of renewable energy sources favors both the environment and reduces the cost of maintaining the property. Rainwater is also used. The next smart housing estate is "Osiedle Ozon". It is a comfortable housing estate with functional land development. Among its main attributes, it is worth mentioning a lot of greenery and naturally diversified terrain. There were used plant species, which have the ability to catch harmful chemicals or dust from soil and air. In this work, a statistical analysis was conducted to compare the prices of housing properties in these two selected settlements to the prices of real estate in the area, indicating statistically insignificant differences in the economic aspect, with significant differences in the quality of life of the potential buyer