The environmental aspect of tourism and recreation also affects the value of residential properties

Recreation, as a phenomenon of modern life, encompasses diverse activities that provide escape and relaxation from everyday routine and work stress. This short-term leisure activity is often associated with travel to various locations, both nearby and distant, offering various forms of relaxation and entertainment. These activities include spa stays, beach vacations, but also active holidays involving outdoor sports, exploring new cultures, and environments. Increased tourist traffic brings both positive and negative impacts to destinations. From an economic perspective, tourism can be a source of income for local businesses and contribute to the economic growth of the destination. However, the negative aspect is often associated with the strain on infrastructure, increased resource consumption, and environmental pollution. In the context of property value, tourism can have a dual effect. On one hand, the attractiveness of the destination may increase residential property prices in the area, especially if it is considered a prestigious tourist spot. On the other hand, excessive tourist traffic may reduce attractiveness for potential residents due to issues such as noise, pollution, and overcrowding. The study focuses on evaluating this complex relationship between tourism and property value in a given location. The article presents the final results of the study and cohesively builds upon previously presented articles and partial findings.

Keywords

The impact on the environment, tourism, property value, determinants of pricing, tourist destinations.

Citation

Public recreation and landscape protection – with environment hand in hand!. 2024, p. 322-326.
https://doi.mendelu.cz/artkey/doi-990005-7700_THE-ENVIRONMENTAL-ASPECT-OF-TOURISM-AND-RECREATION-ALSO-AFFECTS-THE-VALUE-OF-RESIDENTIAL-PROPERTIES.php

Document type

Peer-reviewed

Document version

Published version

Language of document

en

Document licence

Creative Commons Attribution 4.0 International
http://creativecommons.org/licenses/by/4.0/