The Effect of Natural Space on Nearby Property Prices: Accounting for Perceived Attractiveness

Michiel N. Daams*, Frans J. Sijtsma, Arno J. van der Vlist

*Bijbehorende auteur voor dit werk

OnderzoeksoutputAcademicpeer review

35 Citaten (Scopus)
13 Downloads (Pure)

Samenvatting

This paper estimates the effect of attractive natural space on Dutch residential property prices. We operationalize attractive natural spaces by combining land use data with unique data on the perceived attractiveness of natural spaces. In our main results, the effect of attractive natural space on property prices falls from 16.0% for properties within 0.5 km, to 1.6% for properties up to 7 km away. Our findings advance existing hedonic studies by verifying that economic benefits of living near natural space extend over a larger distance. This has important implications for public policy regarding investment in natural space near residential areas.

Originele taal-2English
Pagina's (van-tot)389-410
Aantal pagina's22
TijdschriftLand Economics
Volume92
Nummer van het tijdschrift3
DOI's
StatusPublished - aug-2016

Citeer dit