Does burglary affect property prices in a nonmetropolitan municipality?

Wilhelmsson, Mats; Ceccato, Vânia

doi:10.1016/j.jrurstud.2015.03.014

Cited by 22 publications

(24 citation statements)

References 35 publications

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“…On the periphery of Stockholm, other dimensions that go beyond environmental features should also be considered in future studies, such as distance to schools. In addition, future studies on crime in parks should examine different segments of the housing market (see, for instance, Wilhelmsson & Ceccato, 2015).…”

Section: Final Considerationsmentioning

confidence: 99%

Does crime in parks affect apartment prices?

Iqbal

Ceccato

2015

jssccp

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This is the published version of a paper published in Journal of Scandinavian Studies in Criminology and Crime Prevention. Citation for the original published paper (version of record):Iqbal, A., Ceccato, V A. (2015) Does crime in parks affect apartment prices?. A park is a desirable feature when people are purchasing a property. Buyers are ready to pay more for properties surrounded by natural amenities, such as a pleasant park. However, if a park is targeted by crime and disorder, then it may have a negative effect on people's appraisal. The aim of this study is to reach a better understanding of how parks and crime rates affect housing prices taking into account residential properties and parks type. Stockholm, the capital of Sweden, is used as the case study. The methodology has two stages. An extensive field work was performed in a selected number of parks to help characterize the parks in Stockholm. This information was gathered with secondary data about parks using Geographic Information System. This pre-assessment was later followed by the analysis of 2008s apartment sales using hedonic modelling to assess the effect of parks alone and in combination with crime rates. Results suggest that the effect of parks on prices vary by park type (increased with, e.g. features of cultural and national interest and decreased with ball games or boating facilities) while an aggregated measure of parks lowers overall apartment prices. More interestingly, findings show that the price of apartments tends to be discounted in areas where parks have relatively high rates of violence and vandalism. Journal of Scandinavian Studies in Criminology and

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Section: Final Considerationsmentioning

confidence: 99%

Does crime in parks affect apartment prices?

Iqbal

Ceccato

2015

jssccp

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“…For Stockholm, Ceccato and Wilhelmsson () find, when considering each type of crime in isolation, that burglaries have the largest effect on house prices. Wilhelmsson and Ceccato () consider 2 years of data for the regional Swedish town of Jönköping. They analyse burglary, as it is the only type of crime that occurred in substantial numbers.…”

Section: Literaturementioning

confidence: 99%

How Do Crime Rates Affect Property Prices?

Cigdem-Bayram

Prentice²

2019

Economic Record

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“…As safety is becoming more and more a commodity (and as such, it may not be attained by all), this development in policing puts into question the very nature of safety as an individual right. The article by Wilhelmsson and Ceccato (2015) illustrates that just as in the Swedish capital, in small municipalities in Sweden buyers are willing to pay extra for a property that is located in a neighborhood with lower crime rates.…”

Section: Policing In Rural Areas Has Changedmentioning

confidence: 99%