Abstract:

Each land may bring externalities, positive, as well as negative ones. It results from the place where they are located and their previous utilisation. Also, the need for change in the soil utilization, which is time and financially demanding, seems to be an externality. The building boom in Slovakia in the recent 15 years has caused several serious problems. Predominantly, it is the origination of negative externalities which endangers the availability of high-class building sites, and they have an impact on their economic characteristics in relation with the uncoordinated build-up of new investment projects. At the same time, they are a limiting factor for the sustainable development of the region. In the paper a model case is presented - from the view of investment interests of development companies - in a very interesting developing region, close the capital city of the Slovak Republic. The aim of the author is to point to the origination of negative externalities, which have a direct impact on the quality of life of inhabitants in the region, in the frame of its sustainability.