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One of the main tasks of real estate management is making decisions concerning the location of investments. Taking into consideration the fact that any investment affects, directly or indirectly, the economic development of a commune, it has a significant impact on the local real estate market. Investments that have a negative impact on the environment can contribute to a reduction in the activity of the local real estate market. Upon performing tasks related to the economic development of adoi:10.1515/remav-2017-0023 fatcat:nckgjfejtfh3rfp3pk2jv6hriq