The Impacts of Gasoline Stations on Residential Property Values: A Case Study in Xuancheng, China

Zhao, Qi; Liu, Mengling; Qi, Chen

doi:10.1080/10835547.2017.12091901

Cited by 4 publications

(2 citation statements)

References 15 publications

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“…The value of residential assets near a brownfield area is significantly affected by the risks arising from the derelict area because the existence of a vacant lot has an impact on the quality of life for all the neighborhoods. Brownfield areas that are characterized by a risk of contamination have a significant effect on prices (Zhao, Liu, and Chen, 2017) and frequently have a contagion effect on all nearby areas (Winson-Geideman, Krause, Wu, and Warren-Myers, 2017). When the risk of contamination is lower or there is a program to reduce the liability and the risk for the owners, the impact on the price of the surrounding buildings is lower because the brownfield area will be redeveloped faster (Linn, 2013).…”

Section: Brownfield and Real Estate Pricesmentioning

confidence: 99%

Brownfield Areas and Housing Value: Evidence from Milan

Gibilaro

Mattarocci

2019

Journal of Sustainable Real Estate

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Using a transaction price database, in this paper we evaluate the economic effect of abandoned and derelict real estate areas on housing prices in Milan Italy from 1993 to 2016. We find that brownfields are widespread throughout Milan, with larger abandoned and derelict areas prevalent in the suburbs. Standard hedonic price models show that nearby brownfield areas lower housing prices, with stronger effects for larger derelict and abandoned areas. Economic losses are more relevant to houses in the historical city center and are affected by real estate market trends.

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Section: Brownfield and Real Estate Pricesmentioning

confidence: 99%

Brownfield Areas and Housing Value: Evidence from Milan

Gibilaro

Mattarocci

2019

Journal of Sustainable Real Estate

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“…The execution of the clean-up process of real estate assets has normally a positive effect on the building value, and after the brownfield recovery process, all the real estate assets nearby may increase their value over time due to the better living conditions in the surrounding area [29]. In particular, brownfield areas characterized by a risk of contamination have a significant effect on prices [30] and frequently have a contagion effect on all nearby areas [31]. When the risk of contamination is lower or there is a program to reduce liability and risk for owners, the impact on the price of surrounding buildings is lower because the brownfield area will be redeveloped faster [28].…”

Section: Literature Reviewmentioning

confidence: 99%

Financing Brownfield Redevelopment and Housing Market Dynamics: Evidence from Connecticut

Gibilaro,

Mattarocci

2023

Buildings

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Brownfield redevelopment projects are often perceived as more risky than greenfield investment, and financing opportunities may be more limited and expensive. Different financial support projects have been developed to support regeneration projects, and empirical evidence has shown that all buildings near the intervention area may benefit from an increase in prices once the brownfield project is complete. The article considers the Connecticut market and evaluates the characteristics of the brownfield projects that had access to a financial support program (loan or grant), the impact of the regeneration process on the liquidity of the housing market, and the gap between the price and the appraisal value of the residential unit. Target areas for this type of financing program are mainly characterized by low income, a high density of population, a high incidence of homeowners, and a high crime rate. Once completed, the brownfield requalification has an impact on the housing market because the brownfield recovery reduces the number of house sales due to the increase in the average price in the surrounding area and makes the selling price more consistent with the appraisal valuation. The empirical evidence provided may be useful for public institutions that are suffering from budget constraints and have to prioritize areas for financial support solutions.

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Which consumer attributes will act crucial roles for the fast market adoption of electric vehicles?: Estimation on the asymmetrical & heterogeneous consumer preferences on the EVs

Jang

Choi

2021

Energy Policy

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The Impacts of Gasoline Stations on Residential Property Values: A Case Study in Xuancheng, China

Cited by 4 publications

References 15 publications

Brownfield Areas and Housing Value: Evidence from Milan

Brownfield Areas and Housing Value: Evidence from Milan

Financing Brownfield Redevelopment and Housing Market Dynamics: Evidence from Connecticut

Which consumer attributes will act crucial roles for the fast market adoption of electric vehicles?: Estimation on the asymmetrical & heterogeneous consumer preferences on the EVs

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