Forest proximity impact on undeveloped land values: A spatial hedonic study

Zygmunt, Robert; Głuszak, Michał

doi:10.1016/j.forpol.2014.07.005

Cited by 38 publications

(15 citation statements)

References 37 publications

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“…More in line with hedonic pricing framework Sarkar et al (2015) identify five reasons why proximity to urban green can increase residential satisfaction, and thus affect housing choices and house prices: (i) creating recreation possibilities, (2) strengthening community bonds and increasing social capital, (3) health and stress relief, (4) natural filtration against pollution, (5) protection of urban heat islands. Hendon (1971) and Zygmunt and Gluszak (2015). Other studies show the impact of green areas on single-family house prices (Anderson & Cordell, 1998;Anderson, 2000;Dombrow, Rodriguez, & Sirmans, 2000;Luttik, 2000;Des Rosiers, Thériault, Kestens, & Villeneuve, 2002;Conway, Li, Wolch, Kahle, & Jerrett, 2010;Bark, Osgood, Colby, & Halper, 2011;Kim, Li, Newman, Kil, & Park, 2016).…”

Section: Literature Reviewmentioning

confidence: 97%

“…Most studies have been conducted in the USA, Western Europe and Asia. In recent years, a few studies on the issues discussed above have also been carried out in Poland (Zygmunt & Gluszak, 2015;Czembrowski & Kronenberg, 2016;Trojanek, 2016;Trojanek, Tanas, Raslanas, & Banaitis, 2017). Table 1 presents the description and results of recent studies (published in 2010 and later) of the influence of urban green areas on real estate prices.…”

Section: Literature Reviewmentioning

confidence: 99%

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The Effect of Urban Green Spaces on House Prices in Warsaw

Trojanek

Głuszak

Tanaś

2018

International Journal of Strategic Property Management

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In the paper, we analysed the impact of proximity to urban green areas on apartment prices in Warsaw. The data-set contained in 43 075 geo-coded apartment transactions for the years 2010 to 2015. In this research, the hedonic method was used in Ordinary Least Squares (OLS), Weighted Least Squares (WLS) and Median Quantile Regression (Median QR) models. We found substantial evidence that proximity to an urban green area is positively linked with apartment prices. On an average presence of a green area within 100 meters from an apartment increases the price of a dwelling by 2,8% to 3,1%. The effect of park/forest proximity on house prices is more significant for newer apartments than those built before 1989. We found that proximity to a park or a forest is particularly important (and has a higher implicit price as a result) in the case of buildings constructed after 1989. The impact of an urban green was particularly high in the case of a post-transformation housing estate. Close vicinity (less than 100 m distance) to an urban green increased the sales prices of apartments in new residential buildings by 8,0–8,6%, depending on a model.

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Section: Literature Reviewmentioning

confidence: 97%

Section: Literature Reviewmentioning

confidence: 99%

The Effect of Urban Green Spaces on House Prices in Warsaw

Trojanek

Głuszak

Tanaś

2018

International Journal of Strategic Property Management

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“…The topic was also addressed in Poland. Recently, links between land use planning and property prices have been investigated by Forys and Putek [42], Zygmunt and Gluszak [43], and Gluszak and Zygmunt [44]. According to some authors [4], the land used regulations can result in three different effects.…”

Section: The Announcement Effect Of An Airport Expansion On Housing Pmentioning

confidence: 99%

Investigating the Impact of Airport Noise and Land Use Restrictions on House Prices: Evidence from Selected Regional Airports in Poland

Batóg

Foryś

Gaca³

et al. 2019

Sustainability

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In this paper, we investigate the influence of airport operation on property prices. In this research, we apply spatial hedonic regression and a difference-in-differences approach to address the introduction of new land use restrictions on property prices. We use data on housing transactions from two housing submarkets around regional airports in Poland. The results suggest that the introduction of land use restrictions impacts property prices. In general, as expected, more rigid restrictions translate into higher discounts in property prices. This research contributes to the limited knowledge on the impact of the introduction of land use restrictions on property prices, as most previous papers have focused solely on the impact of noise. These findings must be treated with caution, as some estimates were not statistically significant, mainly due to limited sample size. The research has important policy implications. Growing airports in Poland face tensions between economic and environmental sustainability. Currently, airports in Poland are obliged to limit their environmental impact by creating limited use areas related to the aircraft related noise while being responsible for property value loss related to these restrictions. As a consequence, most regional airports face significant compensations to property owners.

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“…Apart from the dominating negative relations "human to forests" (DNR:HF), presented in Table 1, inverse situations (DNR:FH) have also been noted. These concern people's economic losses due to higher prices of land and real property near/in the forest in Europe [1,39,76,77] (from the perspective of the buyer), but also, for example, in North America [78]. The presence of forests is commonly associated with a high value and naturalness of the environment [55].…”

Section: Urban Development Fragmentation and Isolation Of Forestsmentioning

confidence: 99%

Pressures and Threats to Nature Related to Human Activities in European Urban and Suburban Forests

Referowska-Chodak

2019

Forests

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This review regards the pressures and threats linked with the human use of European urban and suburban forests. They can be divided into the following major categories: urban development, fragmentation, and isolation of forests; human pressures on soil and vegetation (e.g., changes in vegetation due to trampling, environmental and especially air pollution); human pressures on animals (e.g., wildlife losses due to collisions, frequent presence of dogs accompanying the visitors); and other threats and damages (e.g., littering and acts of vandalism). The directions of negative relations between people and forests shown in this review draw attention to the high complexity of the discussed issues. Awareness of this complexity (when planning and implementing forest management) can limit or counteract conflicts arising from the use of urban and suburban forests by people. This is of particular importance in the era of progressing urbanization and the evolution of human needs regarding the use of forests.

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Forest proximity impact on undeveloped land values: A spatial hedonic study

Cited by 38 publications

References 37 publications

The Effect of Urban Green Spaces on House Prices in Warsaw

The Effect of Urban Green Spaces on House Prices in Warsaw

Investigating the Impact of Airport Noise and Land Use Restrictions on House Prices: Evidence from Selected Regional Airports in Poland

Pressures and Threats to Nature Related to Human Activities in European Urban and Suburban Forests

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