Public space as one of the key elements of urban environment in relation to real estate prices in Krasnodar and Prague

Alexey Speshilov

Master's thesis

Abstract:

The diploma thesis is focused on studying the urban environment as a collection of physical, economic, social, cultural, and public spaces. A public space of an urban environment as one of its key elements seems to incorporate characteristics of all the mentioned spaces while combining economic, social and cultural activities and tying them to its physical features. The author identified the processes of urban areas going global and the special features of urban areas functioning in a globalized economy. The study of modern activities tied to urban restructuring was provided where the possible ways of the future urban development were proposed.The real estate development processes in the diploma thesis were successfully linked with the overall urban development. The influence of public spaces, and namely the influence of proximity to them on the real estate prices of residential properties, was estimated by constructing two econometric models for the cities of Krasnodar, the Russian Federation, and Prague, the Czech Republic.

Keywords

Prague, Krasnodar, Urban areas, Hedonic price model, Public Space, Urban environment, Urban economics, Real estate prices

Language used: English

Date on which the thesis was submitted / produced: 30. 3. 2016

Thesis defence

• Supervisor: Ing. Petr Procházka, MSc Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Master programme / field:
Economics and Management / Economics and Management