External Productivity and Utility Effects of City Airports

Ahlfeldt, Gabriel M.; Maennig, Wolfgang

doi:10.1080/00343404.2011.581652

Cited by 13 publications

(14 citation statements)

References 14 publications

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“…The evidence based on US data [21] suggests that the effect of airport noise is related to the type of function of property. The latter finding was confirmed in European studies [1,27]. Results seem to suggest that the negative impact of the location of airports is particularly noticeable for residential and recreational properties, whereas for commercial properties the negative effect is compensated by benefits arising from airport proximity [28].…”

Section: Negative Externalities Of Rail Noise and Housing Values: Evimentioning

confidence: 69%

Investigating the Impact of Airport Noise and Land Use Restrictions on House Prices: Evidence from Selected Regional Airports in Poland

Batóg

Foryś

Gaca³

et al. 2019

Sustainability

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In this paper, we investigate the influence of airport operation on property prices. In this research, we apply spatial hedonic regression and a difference-in-differences approach to address the introduction of new land use restrictions on property prices. We use data on housing transactions from two housing submarkets around regional airports in Poland. The results suggest that the introduction of land use restrictions impacts property prices. In general, as expected, more rigid restrictions translate into higher discounts in property prices. This research contributes to the limited knowledge on the impact of the introduction of land use restrictions on property prices, as most previous papers have focused solely on the impact of noise. These findings must be treated with caution, as some estimates were not statistically significant, mainly due to limited sample size. The research has important policy implications. Growing airports in Poland face tensions between economic and environmental sustainability. Currently, airports in Poland are obliged to limit their environmental impact by creating limited use areas related to the aircraft related noise while being responsible for property value loss related to these restrictions. As a consequence, most regional airports face significant compensations to property owners.

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Section: Negative Externalities Of Rail Noise and Housing Values: Evimentioning

confidence: 69%

Investigating the Impact of Airport Noise and Land Use Restrictions on House Prices: Evidence from Selected Regional Airports in Poland

Batóg

Foryś

Gaca³

et al. 2019

Sustainability

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show abstract

“…Taking into account some recent studies, most of them were carried out in Europe (Table 2). There are a few new analyses regarding European case studies [31][32][33][34][35][36][37][38][39][40][41][42][43][44]. All of these European analyses of the relationship between aircraft noise and real estate prices in the areas surrounding an airport confirmed a negative influence of aircraft noise on the market value of properties.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Aircraft Noise on Housing Prices in Poznan

et al. 2017

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Abstract:In the paper, we analyzed the impact of aircraft noise on housing prices. We used a dataset containing geo-coded transactions for 1328 apartments and 438 single-family houses in the years 2010 to 2015 in Poznan. In this research, the hedonic method was used in OLS (ordinary least squares), WLS (weighted least squares), SAR (spatial autoregressive model) and SEM (spatial error model) models. We found strong evidence that aircraft noise is negatively linked with housing prices, which is in line with previous studies in other parts of the world. In our research, we managed to distinguish the influence of aircraft noise on different types of housing. The noise depreciation index value we found in our study was 0.87% in the case of single-family houses, and 0.57% regarding apartments. One of the reasons for the difference in the level of impact of aircraft noise may be the fact that the buyers of apartments may be less sensitive to aircraft noise than the buyers of single-family houses.

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“…A3). Given the average noise effect of -0.6% per db aircraft noise in the literature (Ahlfeldt & Maennig, 2011;Nelson, 2004), a 30% reduction in property prices (which we find for some precincts in the Schoenefeld area) would correspond to an anticipated increase in airport noise of approximately 50 db. Although reliable estimates of future (and current) sound pressure levels are not available, an increase of this magnitude seems somewhat unlikely.…”

Section: Tab A2 Prices Signal Estimation: Hedonic Estimatesmentioning

confidence: 99%

“…1 in the main text) and the 45-db threshold, below which no effects are to be expected (Ahlfeldt & Maennig, 2011). It is important to note, however, that the increase in prices may reflect not only an anticipated reduction in noise but also expected utility from enhanced access to the airfield as a recreational space.…”

Section: Tab A2 Prices Signal Estimation: Hedonic Estimatesmentioning

confidence: 99%