Who demands peri-urban nature? A second stage hedonic house price estimation of household’s preference for peri-urban nature

Jensen, Cathrine Ulla; Panduro, Toke Emil; Lundhede, Thomas Hedemark; Graevenitz, Kathrine von; Thorsen, Bo Jellesmark

doi:10.1016/j.landurbplan.2020.104016

Cited by 18 publications

(8 citation statements)

References 39 publications

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“…Refs. [ [54] , [55] , [56] ], and 1 km–3 km [ 28 , [57] , [58] , [59] ] on housing prices ( Supplementary Material Table S2 ).…”

Section: Resultsmentioning

confidence: 99%

“…Several studies investigated the effect of vegetation structure, such as the relative importance of trees, trees, and shrubs, shrubs, grass and herbs (irrigated and non-irrigated grass) on residential property values at both parcel and neighborhood levels [ 19 , 34 , 42 , 51 , 53 , 55 , 59 , 71 , 72 ]. Other studies investigated the influence of vegetation types (percentage of managed vegetation, spontaneous vegetation, and high conservation value forest (HCVF) vegetation) [ 57 ], and that of tree type (evergreen, deciduous, native, edible, allergenic, ornamental trees) [ 70 ], trees, shrubs and herbs [ 59 ] and broad-leaved trees [ 66 ] on individual housing prices.…”

Section: Resultsmentioning

confidence: 99%

See 1 more Smart Citation

Influence of urban forests on residential property values: A systematic review of remote sensing-based studies

Ewane,

Bajaj,

Velasquez-Camacho

et al. 2023

Heliyon

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“…Refs. [ [54] , [55] , [56] ], and 1 km–3 km [ 28 , [57] , [58] , [59] ] on housing prices ( Supplementary Material Table S2 ).…”

Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

Influence of urban forests on residential property values: A systematic review of remote sensing-based studies

Ewane,

Bajaj,

Velasquez-Camacho

et al. 2023

Heliyon

View full text Add to dashboard Cite

“…More recent applications followed methods outlined in Bajari and Benkard (2005). Netusil et al (2010) estimated demand for tree canopy and found insignificant preference heterogeneity across different demographic groups; Panduro et al (2018) elicited preferences for urban parks and estimated WTP functions for park availability in Copenhagen; Von Graevenitz (2018) applied the same method and recovered preferences for quiet; Jensen et al (2021) recovered household-specific preferences for peri-urban nature. There are a limited number of two-stage hedonic studies, with most focusing on the evaluation of environmental amenities.…”

Section: Methodsmentioning

confidence: 99%

Estimating household demand for transit-oriented development: A two-stage hedonic analysis in Kitchener-Waterloo, Canada

Huang

Parker

Anglin

2023

Environment and Planning B: Urban Analytics and City Science

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Interest in mass transit investment and transit-oriented development (TOD) is growing as a way to promote smart growth. These investments and policy changes may imply new housing demands, which are not well understood. Using Kitchener-Waterloo, Canada, as a case study, we address the following questions: (1) Do households in this mid-sized region show preferences for TOD neighborhoods? How do preferences for transit accessibility vary across space? (2) What household characteristics are associated with the demand for housing and neighborhood characteristics? With a combined dataset of household survey and housing transactions, we present a novel application of the two-stage hedonic model to understand the housing demand structure impacted by transit policies. This study provides evidence of demand for TOD and LRT accessibility by households with a range of socio-demographics. We thus recommend the region build complete TODs to satisfy a variety of housing needs.

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“…RP methods are based on observing consumer choices in existing markets related to the public good [47]. Among the RP-based methods, HPM observes real estate markets to assess the effects of externalities [48][49][50]. In general, real estate has several characteristics.…”

Section: Estimation Of the Impact Of Adaptive Reuse Projects On The H...mentioning

confidence: 99%

What Advantages Do Adaptive Industrial Heritage Reuse Processes Provide? An Econometric Model for Estimating the Impact on the Surrounding Residential Housing Market

Dell’Anna

2022

Heritage

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When industrial relics, such as obsolete buildings, sites, and infrastructures, enter into a process of adaptive reuse, they become transformation engines capable of shaping the urban fabric. They provide tangible and intangible links to our past and have the potential to play a significant role in today’s cities’ futures. One unresolved issue is the quantification of the externalities of these transformation processes. If undertaken correctly, adaptive reuse can contribute to the development of social and cultural capital, environmental sustainability, urban regeneration, and, most importantly, economic benefits to the surrounding community. In this sense, understanding the value of heritage is particularly important in light of the new European urban environmental policy movement based on the circular economy, which aims to change the way Member States consume and produce materials and energy. After a review of the externalities generated by the adaptive reuse of disused industrial heritage, the paper will concentrate on the estimation of economic benefits given by a transformation process that affected Turin’s Aurora district (Northern Italy) during the last years. The hedonic pricing method (HPM) was used to investigate the effects of the construction of new headquarters and the redevelopment of an old power plant converted into a museum and conference center. This study used econometric models to identify a significant increase in market prices within 800 m of the site and calculated a EUR 16,650,445 capitalized benefit from the transformation on the surrounding residential building stock. The study thus contributed to the awareness that reused heritage not only improves the lives of residents, but it also has a positive impact on the real estate market, in terms of transactions, as well as market values.

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Who demands peri-urban nature? A second stage hedonic house price estimation of household’s preference for peri-urban nature

Cited by 18 publications

References 39 publications

Influence of urban forests on residential property values: A systematic review of remote sensing-based studies

Influence of urban forests on residential property values: A systematic review of remote sensing-based studies

Estimating household demand for transit-oriented development: A two-stage hedonic analysis in Kitchener-Waterloo, Canada

What Advantages Do Adaptive Industrial Heritage Reuse Processes Provide? An Econometric Model for Estimating the Impact on the Surrounding Residential Housing Market

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