The Influence of Traffic Noise on Apartment Prices on the Example of a European Urban Agglomeration

Szczepańska, Agnieszka; Senetra, Adam; Wasilewicz-Pszczółkowska, Monika

doi:10.3390/su12030801

Cited by 16 publications

(13 citation statements)

References 30 publications

(18 reference statements)

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“…The above conclusions are confirmed by the analysis of the acoustic map and our own measurements, as well as interviews with park users. The noise level decreases with growing distance from the main noise source, i.e., the street, as also determined by Szczepańska et al in zones of municipal housing estates in Olsztyn [103].…”

Section: Discussionsupporting

confidence: 75%

Evaluation of Soundscapes in Urban Parks in Olsztyn (Poland) for Improvement of Landscape Design and Management

Jaszczak

Małkowska

Kristiánová

et al. 2021

Land

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Soundscape analyses and noise measurements should be a part of pre-design works involved in planning green areas in city centers. The aim of the study was to conduct a multi-criteria analysis of the soundscape of three parks in Olsztyn (Poland) as a part of the landscape planning process to determine the directions of re-design of places most exposed to noise. The research included: 1. functional and spatial analysis of the park surroundings in reference to the city environment, 2. analysis of the acoustic map, 3. measurements of sound pressure levels (SPL) at selected points in two periods (leafless and leafy), 4. analysis of characteristic sounds, 5. interview with park users and preparation of a mental map. The results of research regarding the perception of the soundscape of all three parks by respondents differ slightly from the results of both the acoustic map and SPL measurements. The results also confirm the difference between SPL in the leafless and leafy period. Places most exposed to noise are located at the park boundaries along the main access roads, and at park entrances. Recommendations and sample solutions are proposed, based on two suggested design activities, namely the reduction of undesirable sounds, and introduction of desirable sounds to the parks.

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Section: Discussionsupporting

confidence: 75%

Evaluation of Soundscapes in Urban Parks in Olsztyn (Poland) for Improvement of Landscape Design and Management

Jaszczak

Małkowska

Kristiánová

et al. 2021

Land

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“…In order to identify the relationships between traffic noise levels and the prices of apartments located in three residential districts in the city of Olsztyn in north-eastern Poland, Szczepańska et al [44] implemented a linear correlation analysis. The negative relationship obtained confirms that a building's location relative to the road network and, consequently, the level of traffic noise, is one of the most significant factors in the potential real estate buyers' choice of property.…”

Section: Reference Literaturementioning

confidence: 99%

Economic Evaluation of the Indoor Environmental Quality of Buildings: The Noise Pollution Effects on Housing Prices in the City of Bari (Italy)

et al. 2021

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Among environmental factors, noise represents one of the most relevant determinants on human health and on the urban quality level and, consequently, on real estate values. Thus, the noise pollution issue plays a significant role in public urban policies aimed at increasing the acoustic comfort level and creating more sustainable and comfortable cities. The real estate market is highly sensitive to noise factor and the residential prices can be strongly influenced by a high acoustic pollution rate. The present research aims to analyze the functional relationships between noise pollution and selling prices in four municipal areas of the city of Bari (Southern Italy). For each area, a study sample constituted by two hundred residential properties sold in 2017–2019 was detected for the identification of the main influential factors on prices and the investigation of the contribution of noise on them. The implementation of an econometric technique was used to obtain four different models (one for each municipal area of the city of Bari) able to explain the specific impact of noise pollution level on selling prices. From the comparison of the results obtained for each area, the outputs confirm the expected phenomena in terms of a decrease of noise component influence on residential prices from the central area to the peripheral. For the suburban area of the city of Bari, the model obtained does not include the noise pollution factor, showing a lower (scarce) importance of the environmental factor among the buyer and seller bargaining phases.

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“…In both the academic and industry literature, attributes of healthy buildings can be categorized into 2 groups. First and foremost, healthy buildings are measured with industry IEQ attributes, such as indoor air quality (IAQ), ventilation, lighting, view, noise, heat, moisture, dust, pests, and biophilia (Grayson 2019;Allen and Macomber 2020;Simons and Throupe 2005;Benson et al 1998;Benjamin et al 2001;Lee and Yoo 2020;Szczepańska et al 2020;Hamilton et al 2016;Kuehnel and Moeckel 2020;Kim et al 2007). The second category of attributes revolve around design (interior layout), active design, look and feel, amenities, location, etc.…”

Section: Measuring Healthy Building Attributes In Real Estate Marketmentioning

confidence: 99%

“…Some nascent research links one or a few specific features of IEQ to higher rental or asset price premiums and higher willingness to pay (Pivo and Fisher 2011;Simons and Throupe 2005;Benson et al 1998;Hardin and Cheng 2003;Benjamin et al 2001;Lee and Yoo 2020;Szczepańska et al 2020Hamilton et al 2016Kuehnel and Moeckel 2020;Kim et al 2007). However, those empirical studies only focus on one specific IEQ feature at a specific time and in a specific setting, such as indoor air quality, acoustics, light quality, view or safety.…”

Section: Real Estate Value Premiums For Healthy Buildingsmentioning

confidence: 99%

International Real Estate Review

Tan¹,

Zheng²,

Palacios³

et al. 2021

IRER

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Our paper aims to examine the healthy building adoption patterns by first asking two critical questions that are relevant to the market conditions: What are healthy buildings? What is their financial value for tenants and owners? We then synthesize the existing academic and industry literature. We find some early evidence of a real estate price premium for specific indoor environment quality (IEQ) and design features. In terms of health-focused building certification systems (BCSs), no empirical and quantitative research has been done on the financial performance of healthy buildings, except for theoretical models. We then proceed to conduct interviews with executives of 15 real estate corporations across the globe to understand the perspectives of real estate owner operators and their strategies for this emerging market. The interviews results confirm that the scarcity of empirical evidence that links healthy building attributes to financial returns inhibits the adoption of healthy buildings in mainstream designs. Moreover, differences in the adoption patterns of healthy buildings are due to the building ownership structure at the firm level, tenants, end-users and building conditions. The strategies of firms in pursuing a healthy building range from risk mitigation to proactive pursuit of new growth opportunities. Private equity funds and real estate investment trust (REIT) firms tend to focus on risk mitigation, while direct real estate investment firms are more likely to carry out the latter to position themselves as a leader within the real estate industry.

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The Influence of Traffic Noise on Apartment Prices on the Example of a European Urban Agglomeration

Cited by 16 publications

References 30 publications

Evaluation of Soundscapes in Urban Parks in Olsztyn (Poland) for Improvement of Landscape Design and Management

Evaluation of Soundscapes in Urban Parks in Olsztyn (Poland) for Improvement of Landscape Design and Management

Economic Evaluation of the Indoor Environmental Quality of Buildings: The Noise Pollution Effects on Housing Prices in the City of Bari (Italy)

International Real Estate Review

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