Impact of land use change on the value of tourist property

PURPOSE: The aim of the study was to assess the impact of land use change for tourism-related purposes on their value. The research was carried out in the West Pomeranian Voivodeship. The period of the research covered the years 2014-2019. The research covered all Polish communes, in which the land use was changed for tourist or recreational activities. The analysis covered the years 2014-2019.DESIGN/METHODOLOGY/APPROACH: The resolutions of individual councils' communes regarding the change of the local spatial development plan in the scope of changing the use of the real estate for tourism were analyzed (in communes, where the local spatial development plan was in force). The analysis also included decisions authorizing the exclusion of land from agricultural or forestry production issued by executive bodies of communes. The research concerned the years 2014-2019 and covered all Polish voivodeships. To analyze changes in the land value due to the adoption or change in local spatial development plans, as well as to issue a decision authorizing the exclusion of land from agricultural and forestry production, data from estimation reports prepared for calculating the planning fee in the years 2014-2019 were used. For better result presentation, data on individual communes were presented at the level of voivodeships.FINDINGS: Based on the conducted research, it can be concluded that change in the purpose of the property for purposes related to conducting agricultural activity results in increasing its value.PRACTICAL IMPLICATIONS: The article contains much valuable information, which may constitute the base material and reference further research conducted by scientific specialists studying the agricultural land market. The article can assist those wishing to invest in agricultural real estate and pursue tourism investments.ORIGINALITY/VALUE: An analysis of changes in real estate value due to a change in its purpose to the tourist one may be an essential element in forecasting the financial consequences of adopting or changing the local land use plans.peer-reviewe