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The impact of noise on green open space value

Makovsky, L. ORCID: https://orcid.org/0009-0000-9607-2495 (2025) The impact of noise on green open space value. Journal of Environmental Management. ISSN 0301-4797 (In Press)

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Abstract/Summary

I investigate the effect of noise on the amenity value of urban green open spaces in Prague, Czech Republic. First, I use standard hedonic pricing model exploiting cross-sectional and quasi-experimental variation in the apartment price data and then I analyse green open spaces quality inferred from a quantitative spatial model. Results show that increasing size of quiet green open spaces (with noise below 60 dB) by 10% increases local apartment prices by 0.05% and perceived quality of green open spaces by 1.2%. In a counterfactual scenario, if noise in green open spaces decreases by 2 dB, a noise reduction achieved by implementing 30 km/h speed limit in a city, value of apartments would increase by 0.2% due to increased size of accessible quiet green open spaces.

Item Type:Article
Refereed:Yes
Divisions:Henley Business School > Real Estate and Planning
ID Code:120939
Uncontrolled Keywords:green open spaces, noise, revealed preferences methods, he- donic model, PPGIS
Publisher:Elsevier

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