Property prices in urban areas affected by road traffic noise

Applied Acoustics

Volumn 72, Issue 4, 2011, Pages 133-141

  Blanco, Joan C ^a   Flindell, Ian ^a  

^a UNIVERSITY OF SOUTHAMPTON   (United Kingdom)

Author keywords

Hedonic pricing; High density urban areas; Property market differences; Traffic noise

Indexed keywords

COMMERCE; COSTS; HOUSING; NOISE POLLUTION; ROADS AND STREETS;

DIFFERENT EFFECTS; HEDONIC PRICING; PROPERTY MARKET; RESIDENTIAL AREAS; REVEALED PREFERENCE; ROAD TRAFFIC NOISE; TRAFFIC NOISE; URBAN AREAS;

ACOUSTIC NOISE;

EID: 78650762772     PISSN: 0003682X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.apacoust.2010.11.004     Document Type: Review

References (55)

1. T. Yoshida, Y. Osada, T. Kawaguchi, Y. Hoshiyama, K. Yoshida, and K. Yamamoto Effects of road traffic noise on inhabitants of Tokyo J Sound Vib 205 4 1997 517 522 (Pubitemid 127402386)
2. M.A. Jenkins, and J. Pahl Measurement of freeway noise and community response J Acoust Soc Am 6 1975 1222 1231
3. Berry BF, Flindell IH. Estimating relationships between noise exposure and human health impacts in the UK. Technical report, DEFRA; 2009.
4. H.A. Nijland, E.E.M.M. Van Kempen, G.P. Van Wee, and J. Jabben Cost and benefits of noise abatement measures Transport Policy 10 2003 131 140
5. K.J. Lancaster A new approach to consumer theory J Polit Econ 71 1966 428 435
6. S. Rosen Hedonic prices and implicit markets: products differentiation in pure competition J Polit Econ 82 1974 34 55
7. S. Selim Determinants of house prices in Turkey: a hedonic regression model Dou Üniversitesi Dergisi 9 1 2008 65 76
8. M. Morrison, and C.H. Sturt Valuing noise impacts using hedonic pricing and stated preference methods: what does the evidence tell us? Acoust Aust 30 2 2002 55 60
9. Brooker P. Aircraft noise: annoyance, house prices and valuation. Acoustic Bulletin May/June. IOA; 2006.
10. P. Morrell, H. Cherie, and Y. Lu Aircraft noise social cost and charge mechanisms - a case study of Amsterdam Airport Schiphol Transport Res Part D 2000 305 320 (Pubitemid 30242273)
11. C. Lipscomb Small cities matter, too: the impacts of an airport and local infrastructure on housing prices in a small urban city Rev Urban Region Dev Stud 15 3 2003 55 273
12. Streeting M. A survey of the hedonic price technique, resource assessment commission. RAC research paper no. 1, AGPS, Canberra; 1990.
13. Lambert J, Kail MJ, Quinet E. Transportation noise annoyance: an economic issue. Paper presented at noise effects'98, Australia; 1998.
14. R. Netusil The effect of environmental zoning and amenities on property values: Portland Oregon Land Econ 81 2 2005 227 246
15. A. Adair, S. Mcgreal, A. Smyth, J. Cooper, and T. Ryley House prices and accessibility: the testing of relationships within the belfast urban area Housing Stud 15 5 2000 699 716
16. A.A. Walter Noise and prices 1975 Oxford University Press London
17. Nellthorp J, Bristow A, Mackie P. Developing guidance on the valuation of transport-related noise for inclusion in web tag. Paper published on UK Dept for transport website; 2005.
18. I.J. Bateman, B.H. Day, and I. Lake The valuation of transport-related noise in Birmingham 2004 School of Environmental Sciences University of East Anglia
19. J. Tomkins, J. Topham, J. Twomey, and R. Ward Noise versus access: the impact of an airport in an urban property market Urban Stud 35 2 1998 243 258
20. M. Espey, and H. Lopez The impact of airport noise and proximity on residential property values Growth Change 13 2000 408 419
21. J. Nelson Airports and property values: a survey of recent evidence J Transport Econ Policy 14 1 1980 37 52
22. J. Nelson Meta-analysis of airport noise and hedonic property values: problems and prospects J Transport Econ Policy 38 1 2004 1 28
23. D. Mcmillen Airport expansions and property values: the case of Chicago O'Hare Airport Urban Econ 55 2004 627 640
24. N. Pennington, N. Topham, and R. Ward Aircraft noise and residential property values adjacent to Manchester International Airport J Transport Econ Policy 25 1 1990 49 59
25. J. Henneberry Transport investment and house prices J Prop Valuation Investment 16 2 1998 144 158
26. J. Nelson Highway noise and property values: a survey of recent evidence J Transport Econ Policy 16 2 1982 117 138
27. M. Wilhelmsson The impact of traffic noise on the values of single-family houses J Environ Plann Manage 43 6 2000 799 815
28. K. Sik Kim, S. Joong Park, and Y.-J. Kweon Highway traffic noise effects on land price in urban area Transport Res D 12 2007 275 280
29. A. Collins, and A. Evans Aircraft noise and residential property values J Transport Econ Policy 28 2 1994 107 175
30. Y. Schipper, P. Nijkamp, and P. Rietveld Why do aircraft noise value estimates differ? A meta-analysis J Air Transport Manage 4 1998 117 124
31. T. Levesque Modelling the effects of airport noise on residential housing markets: a case study of Winnipeg International Airport J Transport Econ Policy 28 2 1994 199 210
32. E. Arsenio, A. Bristow, and M. Wardman Stated choice valuations of traffic related noise Transport Res D 11 2006 15 31
33. M. Wardman, and A. Bristow Related noise and air quality valuations: evidence from stated preference residential choice models Transport Res D 9 2004 1 27
34. J.M. Fields, and J.G. Walker Comparing the relationship between noise level and annoyance in different surveys: a railway noise vs. aircraft and road traffic comparison J Sound Vib 81 1 1982 51 80
35. D. Uyeno, S.W. Hamilton, and G.J. Biggs Density of residential land use and the impact of airport noise J Transport Econ Policy 27 1 1993 3 18
36. Malpezzi S. Hedonic pricing models: a selective and applied review. Paper prepared for: housing economics: essays in honour of Duncan Maclennan. In: Gibb K, O'Sullivan A, editors. The center for urban land economic research. The University of Wisconsin; 2002.
37. M. Fletcher, P. Gallimore, and J. Margan Heteroscedasticity in hedonic price models J Prop Res 17 2 2000 93 108
38. DEFRA (Department for environment food and rural affairs) National ambient noise strategy. Noise mapping England project. London noise map. London: DEFRA; 2004.
39. Hinton J. A report on the production of noise maps of the City of Birmingham. UK Dept of the Environment, HMSO; 2000.
40. NATIONAL STATISTIC UK. National statistics website: 98. Crown copyright material is reproduced with the permission of the Controller of HMSO; 2001.
41. G. Costello, and C. Watkins Towards a system of local house price indices Housing Stud 17 6 2002 857 873
42. M. Kryvobokov, and M. Wilhelmsson Analysing location attributes with a hedonic model for apartment prices in Donetsk, Ukraine Int J Strateg Prop Manage 11 2007 157 178
43. Z. Yang An application of the hedonic price model with uncertain attribute: the case of the people's Republic of China Prop Manage 19 1 2001 50 63
44. K. Bjorklund, and K. Klingborg Correlation between negotiated rents and neighbourhood quality: a case study of two cities in Sweden Housing Stud 20 4 2005 627 648
45. J.P. Husted, and O.N. Anker Assessment of traffic noise impacts Int J Environ Stud 61 1 2004 19 29
46. T.L. Chin, and K.W. Chau A critical review of literature on the hedonic price model Int J Housing Sci Appl 27 2 2003 145 165
47. Kaufman H, Espey M. No plane, big gain: airport noise and residential property values in the reno-sparks area. Paper presented at western agricultural economics association. Reno/Sparks, Nevada; 1997.
48. M. Rahmatian, and L. Cockerill Airport noise and residential housing valuation in southern California: a hedonic pricing approach Int J Environ Sci Technol 1 1 2004 17 25
49. B. Day, I. Bateman, and I. Lake Beyond implicit prices: recovering theoretically consistent and transferable values for noise avoidance from hedonic property price model Environ Resour Econ 37 2007 211 232
50. Vainio M. Traffic noise and air pollution: valuation of externalities with the hedonic price and contingent valuation methods, PhD Thesis, School of Economics and Business Administration, Helsinki, 1995.
51. F.L. Hall, B. Breston, and S. Taylor Effects of highway noise on residential property values Transport Res Rec 686 1978 38 43
52. R. Vaughan, and L. Huckins The economics of expressway noise pollution abatement. P-5475 1975 The Rand Corporation Santa Monica, Ca
53. Holsman AJ, Bradley R. The economic and social impact of main road traffic noise in Sidney. Report prepared for the NSW State Pollution Control Commission, Sydney; 1982.
54. Iten R, Maggi R. The economic value of traffic noise abatement in an urban area: empirical evidence from a hedonic and discrete choice approach. Paper presented at the fifth world conference on transportation research. Yokohama; 1990.
55. Renew WD. The relationship between traffic noise and house price. Conference of the Australian Acoustical Society, Brisbane; 1996.