Property Prices and Urban Forest Amenities

Tyrväinen, Liisa; Miettinen, Antti

doi:10.1006/jeem.1999.1097

Cited by 538 publications

(297 citation statements)

References 22 publications

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“…Garrod and Willis, 1999;Tyrvainen and Miettinen, 2000;Earnhart, 2001;Poor et al, 2007). In particular, there is a long tradition of hedonic price studies measuring environmental values by investigating the effect of environmental amenities on property prices.…”

Section: Introductionmentioning

confidence: 99%

The Amenity Value of English Nature: A Hedonic Price Approach

Gibbons

Mourato

Resende

2013

Environ Resource Econ

168

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Using a hedonic property price approach, we estimate the amenity value associated with proximity to habitats, designated areas, domestic gardens and other natural amenities inEngland. There is a long tradition of studies looking at the effect of environmental amenities and disamenities on property prices. But, to our knowledge, this is the first nationwide study of the value of proximity to a large number of natural amenities in England. We analysed 1 million housing transactions over 1996-2008 and considered a large number of environmental characteristics. Results reveal that the effects of many of these environmental variables are highly statistically significant, and are quite large in economic magnitude. Gardens, green space and areas of water within the census ward all attract a considerable positive price premium. There is also a strong positive effect from freshwater and flood plain locations, broadleaved woodland, coniferous woodland and enclosed farmland. Increasing distance to natural amenities such as rivers, National Parks and National Trust sites is unambiguously associated with a fall in house prices. Our preferred regression specifications control for unobserved labour market and other geographical factors using Travel to Work Area fixed effects, and the estimates are fairly insensitive to changes in specification and sample. This provides some reassurance that the hedonic price results provide a useful representation of the values attached to proximity to environmental amenities in England. Overall, we conclude that the house market in England reveals substantial amenity value attached to a number of habitats, designations, private gardens and local environmental amenities.

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Section: Introductionmentioning

confidence: 99%

The Amenity Value of English Nature: A Hedonic Price Approach

Gibbons

Mourato

Resende

2013

Environ Resource Econ

168

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“…Geoghegan et al (1997) and Irwin (2002) find that property values increase with the proportion of open space within a given radius of a property. Tyrväinen and Miettinen (2000) find that property values decrease with increasing distance from forested areas. 2 For the cost of sprawl, the literature is also consistent in showing that most costs are born at the local rather than in the broader region.…”

Section: Introductionmentioning

confidence: 80%

Can urban areas help sustain the preservation of open space? Evidence from statewide referenda

Altonji

Lang

Puggioni

2016

Ecological Economics

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Statewide referenda for land conservation are likely to entail a disparity between people who vote on the referenda and those who live in proximity to conserved areas, which may lead to a lower probability of passage than a more local referendum. This paper examines trends in voting preferences on statewide land conservation referenda in Rhode Island using precinct-level voting data. We identify two similar referenda in 2004 and 2012 and estimate a first difference spatial regression model that seeks to understand the determinants of changes in support over time. Controlling for socioeconomic characteristics and political ideology, we find that referenda support is growing in densely populated communities relative to sparse ones, and there is a multiplicative effect of rapidly growing dense areas. This implies urban areas are becoming critical supporters for the preservation of farm, forest and open space lands, despite being nonproximate to lands at risk of development.

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“…A field of "landscape urbanism" design and research practice is starting to evolve from this development (Waldheim 2006). It is evident that a regional green plays an important role in distributing quality of life and health amenities that have a substantial impact on real estate values (Tyrväinen 1998(Tyrväinen , 2000(Tyrväinen , 2001. In Stockholm, suburban housing is sold with nature (see developer websites: http://www.jm.se, http://www.jarvastaden.se/).…”

Section: Fig 1-2 Howard's Diagram On the Garden City And Its Green Bmentioning

confidence: 99%