Methods of Assessing Noise Nuisance of Real Estate Surroundings

Abstract

Testing what factors create the market value of real estate is key information when preparing property valuations as well as other opinions and professional evaluations on the basis of which court verdicts or administrative decisions are made. One of the factors influencing the value of some real estate is the level of noise present in the surroundings, which can lead to the occurrence of noise nuisance negatively affecting social relations. Due to the fact that the analysis of the attractiveness of a location is the basis for properly determining the market value of real estate, the present article is dedicated to the methodology of assessing the noise nuisance of real estate surroundings. Four methods of assessment are proposed in the work: two of an objective nature, based on the measurements of noise and spatial analyses of data included in a strategic noise map, as well as two of a subjective nature, accounting for, among others, the individual perceptions of real estate users. The results of studies using the above methods can serve as a source of information on real estate as well as aid decision processes in the scope of real estate management. Theoretical deliberations were supported by a sample assessment of the noise nuisance of real estate surroundings carried out using two of the presented study methods.

Spatial and Statistical Analysis of Urban Poverty for Sustainable City Development

“…Regardless of the method of delimiting poverty areas, the constructed models show that unfavorable location in such an area contributes to a drop in housing prices. These results confirm some other researchers' findings [51,[59][60][61][64][65][66].…”

“…Location is directly connected with the surroundings, in which, apart from other flats, there are public spaces (streets, squares, green and blue areas), the natural environment and its pollution (dust, noise), and the people who live and behave in a specific way-e.g., consistent or inconsistent with social norms (social problems-poverty, unemployment, alcoholism, homelessness, etc.) [59][60][61][62][63]. These factors may determine the quality of the location and its impact upon the prices of flats.…”

The Influence of Traffic Noise on Apartment Prices on the Example of a European Urban Agglomeration

“…The impact of traffic networks and their components on real estate prices has been studied extensively by many authors, and the reported results confirm the present findings. Noise influences the real estate market, in particular the apartment market [22,23,[37][38][39][40][41][42][43]. Buyers search for apartments in quiet areas that are located far from major sources of noise.…”

Investment Decisions on the Local Housing Market vs. Road Noise

“…Problem jego oddziaływania dotyczy przede wszystkim terenów wrażliwości akustycznej. Hałas jako czynnik wpływający niekorzystnie na gospodarowanie zasobami miasta może powodować obniżenie wartości nieruchomości 2 będących w jego sąsiedztwie [Szopińska, Krajewska 2016a]. Zakładając, iż na cenę nieruchomości wpływają jej cechy, w tym również (a może i przede wszystkim) lokalizacja szczegółowa, pojawienie się w przestrzeni źródeł hałasu może wywołać różne skutki, których wymierne efekty mogą być dostrzegalne w cenie nieruchomości .…”