Evaluation of stigmatized properties

Hajnal, István

doi:10.1515/otmcj-2016-0025

Cited by 6 publications

(2 citation statements)

References 33 publications

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“…This recognition is seen in the adverse effect of environmental pollution on the worth of properties (Mccluskey & Rausser, 2003). For example, the neighborhood property adjacent to the dumping site (Ogban & Akujuru, 2016), groundwater contaminated by chemicals (Hajnal, 2017), nuclear power stations (Leiss, 2013), high voltage power lines cables (Bell, 2016), airport and railway lines (Hajnal, 2017). These stigmas contribute to scent pollution, noise pollution, and health concerns.…”

Section: External Stigmamentioning

confidence: 99%

Modelling Property Overhang Using Stigmatised Property Dimensions

Huri,

Ahmad Baharum,

Ting

et al. 2024

E-BPJ

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Property stigma refers to some characteristics, features, social values, or an event relating to land and buildings that can create a negative perception of a building, land, project, or neighbourhood area. Property stigma was identified as a significant factor contributing to the number of overhang residential units in Malaysia. This paper aims to develop a PLS-SEM model using stigmatized property dimensions on Clio2 Residence, an overhang strata residential scheme in Putrajaya. External and internal stigmas are significant factors causing unsold property units in Clio2 Residence.

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Section: External Stigmamentioning

confidence: 99%

Modelling Property Overhang Using Stigmatised Property Dimensions

Huri,

Ahmad Baharum,

Ting

et al. 2024

E-BPJ

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“…The negative attention that the media has given to these devices with regards to their potential effects has increased concerns among the public, which has generally resulted in increased resistance to cell phone towers (Filippova & Rehm, 2011). Although there is no conclusive evidence on the potential dangers relating to the emission of EMFs by cell phone towers, the general public are of the view that -the fact there is a potential risk associated with these should be sufficient for more control on the deployment of these devices in residential areas (Bond & Wang, 2005;Imam-Tamim et al, 2016;Aliyu et al, 2016;Hajnal, 2017;and Mueller, 2019).…”

Section: Public Perceptions (Negative Stigma)mentioning

confidence: 99%

The Impact of Proximity to Cell Phone Towers on House Prices in Randpark Ridge, Johannesburg

Mdleleni,

Ijasan

2023

29th Annual European Real Estate Society Conference

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Cell phone tower deployment is globally met with public concerns relating to the aesthetically unappealing nature, health risks associated the electromagnetic field (EMF) emissions from these devices, negative public perceptions and, as a result, the negative effect of these devices on property values for properties in close proximity to these devices. As such, this study analyses the impact of cell phone towers on the house prices. Using a GIS tool to determine distance of cell phone towers to the houses, the study employed a hedonic price model using sales prices of residential transactions between 2012 and 2022 for Randpark Ridge, Johannesburg, to determine the actual impact of proximity to cell phone towers on house prices.In the Johannesburg context, the results of the study found that were no statistically significant findings that suggest there is a correlation between the presence of cell phone towers in close proximity and house prices. The findings of the study were contrary to the findings of the majority of similar studies, where cell phone towers were found to have a negative impact on the price of houses. Due to the limitations of line-of-sight confirmation, budget constraints and time limitations, there is difficulty in using the findings for generalizability.

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Stigmatized Properties: Filter Theory

Hajnal¹

2022

IOP Conf. Ser.: Mater. Sci. Eng.

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International literature does not treat stigmatized properties in a uniform manner. In the proposed article, the Author employs the following definition: “A stigmatized property is one assigned with a real or perceived negative external effect on the users. That external effect modifies or reduces property market value through a specific, multilayered filter.” Many property-related stigma cases are mentioned in the literature, such as high-voltage lines, noise, air pollution, airports, haunted properties, and many other similar situations. The various stigmas, as well as identical stigmas on different properties, have been assessed individually so far. Knowing the depreciating mechanism of a stigma allows for valuers the uniform handling of stigmas on different properties, as well as understanding the depreciating mechanisms of new stigmas. Using extensive literature research on various stigma cases, the Author built up a framework that explains the major variables and their interdependencies. As the result of the research, the new theory describes the change in value caused by the stigma takes place through a filter that combines the distance between the stigmatizing factor and the stigmatized property, the environmental conditions and community perceptions and interprets them differently over time.

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Evaluation of stigmatized properties

Cited by 6 publications

References 33 publications

Modelling Property Overhang Using Stigmatised Property Dimensions

Modelling Property Overhang Using Stigmatised Property Dimensions

The Impact of Proximity to Cell Phone Towers on House Prices in Randpark Ridge, Johannesburg

Stigmatized Properties: Filter Theory

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