Property prices as a land differentiation indicator

Abstract

The main evaluation factor groups consist of business, infrastructure, labour, local, price and environmental factors and the business environment quality evaluation is focused on the micro-regional level of land districts of the 3 degree level municipalities. Building site price of a particular designation is influenced especially by its macro-economic and to a smaller degree by its mezo-economic location. Collected data confirm the stochastic relationship between band prices and town sizes. Office areas rental prices are an important cost factor characterizing a business environment from the productive services development viewpoint. Average prices of the net annual office areas rental minus operating costs have been the input data for this factor‘s identification. Real estate prices represent a significantly specific group of factors within the set of factors determining business environment quality. Hierarchical segmentation is a dominant feature of a spatial real estate market organization and it reflects their economic advantages expressed by the income generated in a certain location