The impact of industrial sites on residential property values: a hedonic pricing analysis from the Netherlands

Journal article | Zeitschriftenartikel

Industrial sites cause several negative externalities, such as traffic noise disturbance, congestion, and obstruction of view. In order to quantify the negative effects generated by industrial sites, we estimate – using a hedonic pricing model – the impact of distance to industrial sites on residential property values. We use data on houses sold in the Randstad region and in the Province of North-Brabant (both located in the Netherlands) in the year 2005, together with data on the characteristics of a substantial number of industrial sites in the same regions and period. The results reveal that the distance to an industrial site has a statistically significant negative effect on the value of residential properties. However, the effect is largely localized within a relatively short distance from the nearest industrial site. Furthermore, we obtain statistical evidence for substantial localized price differentials, which vary according to the size of an industrial site.

Angaben zum Objekt

• Umfang: Seite(n): 609-623
• Sprache: Englisch
• Anmerkungen: Status: Postprint; begutachtet (peer reviewed)

Verweise und Beziehungen

• Erschienen in: Regional Studies, 45(5)

Klassifikation und Themen

• Thema: Wirtschaft ; Städtebau, Raumplanung, Landschaftsgestaltung ; Volkswirtschaftslehre ; Raumplanung und Regionalforschung

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Vor, Friso de ; Groot, Henri de
• Ereignis: Veröffentlichung
• (wo): Vereinigtes Königreich
• (wann): 2010

Weitere Informationen

• DOI: https://doi.org/10.1080/00343401003601925
• URN: urn:nbn:de:0168-ssoar-250556
• Rechteinformation: GESIS - Leibniz-Institut für Sozialwissenschaften. Bibliothek Köln
• Letzte Aktualisierung: 21.06.2024, 16:27 MESZ