The value of open spaces in residential land use

Geoghegan, Jacqueline

doi:10.1016/s0264-8377(01)00040-0

Cited by 405 publications

(224 citation statements)

References 38 publications

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“…Indeed, a number of recent studies measure the total quantity of open space that surrounds a home within a given distance (Cheshire and Sheppard 1995, Irwin and Bockstael 2001, Irwin 2002, Geoghegan 2002 or at multiple scales (Acharya and Bennett 2001, Geoghegan et al 1997, Geoghegan 2003. Several studies justify this specification with the assumption that homeowners care about the overall pattern of land use that surrounds their home.…”

Section: Econometric Modelmentioning

confidence: 99%

“…Additionally, Bolitzer and Netusil (2000) and Lutzenhiser and Netusil (2001) (Irwin and Bockstael 2001, Irwin 2002, Geoghegan 2002, Geoghegan et al 2003). This distinction is relevant since the effect of open space on home value reflects both current and expected future amenities.…”

Section: Introductionmentioning

confidence: 98%

“…Geoghegan et al (1997) and Acharya and Bennett (2001) are the only comparable studies we are aware of, and these studies only consider the effect of a single covariate. Cheshire and Sheppard (1998) (Cheshire and Sheppard 1995, Irwin and Bockstael 2001, Irwin 2002, Geoghegan 2002, Geoghegan et al 2003. 4 We control for approximately 1,800 block group fixed effects, while Espey and Owusu-Edusei (2001) control for 28 census tract fixed effects and Do and Grudnitski (1995) control for 12 grid areas that are 1 km square.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Open space, residential property values, and spatial context

Anderson

West

2006

Regional Science and Urban Economics

396

264

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Section: Econometric Modelmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 98%

Section: Introductionmentioning

confidence: 99%

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Open space, residential property values, and spatial context

Anderson

West

2006

Regional Science and Urban Economics

396

264

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“…We only found a handful of studies that looked at more than one environmental amenity. For example, Geoghegan (2002) looked at amenity effects related to proximity to several types of open space in Howard County, Maryland, and found that only permanently protected open spaces (preserves, parks, and easements) have a statistically significant relationship with land prices. Omitting potentially important variables from the hedonic price model can lead to serious specification bias.…”

Section: Introductionmentioning

confidence: 99%

The Amenity Value of English Nature: A Hedonic Price Approach

Gibbons

Mourato

Resende

2013

Environ Resource Econ

161

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Using a hedonic property price approach, we estimate the amenity value associated with proximity to habitats, designated areas, domestic gardens and other natural amenities inEngland. There is a long tradition of studies looking at the effect of environmental amenities and disamenities on property prices. But, to our knowledge, this is the first nationwide study of the value of proximity to a large number of natural amenities in England. We analysed 1 million housing transactions over 1996-2008 and considered a large number of environmental characteristics. Results reveal that the effects of many of these environmental variables are highly statistically significant, and are quite large in economic magnitude. Gardens, green space and areas of water within the census ward all attract a considerable positive price premium. There is also a strong positive effect from freshwater and flood plain locations, broadleaved woodland, coniferous woodland and enclosed farmland. Increasing distance to natural amenities such as rivers, National Parks and National Trust sites is unambiguously associated with a fall in house prices. Our preferred regression specifications control for unobserved labour market and other geographical factors using Travel to Work Area fixed effects, and the estimates are fairly insensitive to changes in specification and sample. This provides some reassurance that the hedonic price results provide a useful representation of the values attached to proximity to environmental amenities in England. Overall, we conclude that the house market in England reveals substantial amenity value attached to a number of habitats, designations, private gardens and local environmental amenities.

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“…These conditions have produced some losses in natural ecosystems with heavy consequences on environmental quality and on local economy (Girard 1993;Geoghegan 2002;Bengochea-Morancho 2003;Jim and Chen 2006;Ietto et al 2014). As regards Italian coastal zone, 30% of national population, as 16.9 million of inhabitants, lives in littoral regions, concentrated in an area restricted to 13% of national territory (ISPRA 2013).…”

Section: State Of the Beaches In Italymentioning

confidence: 99%

Integrated coastal zone management in Italy: a gap between science and policy

2017

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This paper introduces the need, in Italian countries, of a real integration of scientific knowledge into coastal policy. Actually, in Italy, still exists a gap between Science and Policy, interfering the implementation of an Integrated Coastal Zone Management (ICZM) process, while there is no coordination between local, regional and national authorities. This lack of an overall strategy has induced some regions to adopt regional plans for the sustainable development of their coastal areas, to compensate the shortcomings of a national planning. Besides, along Italian coasts, there is a heavy landscape urbanization producing conditions of environmental decay and highlighting the risk of erosions in littoral areas. In this critical context, it is necessary to adopt an effective Integrated Coastal Zone Management policy, to connect ecosystem and environmental approaches with the social and economic development of coastal areas. So, in Italian landscape, it is necessary to integrate the national cultural heritage into coastal management, joining scientific and cultural issues. In this framework, ICZM process could play an important role connecting scientists and policy makers towards an effective integration for the social and economic growth of local people.

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The value of open spaces in residential land use

Cited by 405 publications

References 38 publications

Open space, residential property values, and spatial context

Open space, residential property values, and spatial context

The Amenity Value of English Nature: A Hedonic Price Approach

Integrated coastal zone management in Italy: a gap between science and policy

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