scholarly journals Determining the Impact of Aircraft Noise towards Residential Property Price

2019 ◽  
Vol 266 ◽  
pp. 02005
Author(s):  
Azlina Md. Yassin ◽  
Mohd Lizam Mohd Diah ◽  
Edie Ezwan Mohd Safian ◽  
Mohd Yamani Yahya ◽  
Sulzakimin Mohammad ◽  
...  
Keyword(s):  
House Prices ◽  
Noise Pollution ◽  
Aircraft Noise ◽  
Lower Price ◽  
Residential Property ◽  
Road Traffic Noise ◽  
International Airport ◽  
Property Price ◽  
The Impact

The objective of this paper is to examine the effect of aircraft noise on residential property price within the case study area, and the main focus of this research was the distance of selected residential housed from Kuching International Airport (KIA). Aircraft noise is a source of noise pollution and act as environment factor that affect the house prices. Environmental disamenities from water and noise pollution will caused the houses to sell at lower price, accounted 20.8% less than houses located in area without noise interference. Apparently, the noise produced by the aircraft has even larger negative impact on house prices as compared to road traffic noise and railway noise. This study adopted quantitative approach in answering the objective of the paper. The findings were based on the secondary data which including 210 property transaction data within year 2015. The range of areas for this study was limited to selected residential terrace houses that located within 10.0 km from Kuching International Airport (KIA). The findings from Multiple Regression Analysis (MRA) shows that the property prices located nearer to the airport (<2.5 km from KIA) in selected case study areas have been sold with lower price. Moreover, the prices of the properties located distance from KIA were not negatively impacted by the aircraft noise due to the other pulling factor that has larger impact to the property. Indeed, the location of the property, public amenities, transportation system, neighborhood factor and facilities also has close relationship to the property price.

scholarly journals Are House Prices Driven by Capital Flows? Evidence from Singapore

2016 ◽  
Vol 07 (01) ◽  
pp. 1650006 ◽  
Author(s):  
Hwee Kwan Chow ◽  
Taojun Xie
Keyword(s):  
Capital Flows ◽  
Price Index ◽  
House Prices ◽  
House Price ◽  
Capital Inflows ◽  
Residential Property ◽  
Foreign Direct Investments ◽  
Short Term ◽  
Property Price ◽  
The Impact

This paper investigates whether real house price appreciations can be attributed to the surge in real capital inflows into Singapore. We proxy capital flows by using the amount of Foreign Direct Investments (FDI) to real estate capturing the foreign purchases of property in Singapore which we deflate by the private residential property price index. Notwithstanding the absence of a cointegrating relationship, our results support the hypothesis that lagged short term fluctuations in capital inflows are positively associated with the growth rates of house prices over the last decade. We also provide evidence that macroprudential measures implemented by Singapore reduced the impact of capital inflows on house price appreciation by more than half, suggesting the effectiveness of such market cooling measures in weakening the credit growth channel.

A case study of noise pollution levels during the restrictions period due to COVID-19.

2021 ◽  
Vol 263 (6) ◽  
pp. 206-214
Author(s):  
David Montes-González ◽  
Juan Miguel Barrigón-Morillas ◽  
Ana Cristina Bejarano-Quintas ◽  
Manuel Parejo-Pizarro ◽  
Guillermo Rey-Gozalo ◽  
...  
Keyword(s):  
Noise Pollution ◽  
Urban Environments ◽  
Control Measures ◽  
Acoustic Measurements ◽  
Pollution Levels ◽  
The World ◽  
The Impact ◽  
The City

The pandemic of coronavirus disease (COVID-19) led to the need for drastic control measures around the world to reduce the impact on the health of the population. The confinement of people in their homes resulted in a significant reduction in human activity at every level (economic, social, industrial, etc.), which was reflected in a decrease in environmental pollution levels. Studying the evolution of parameters, such as the level of environmental noise caused by vehicle traffic in urban environments, makes it possible to assess the impact of this type of measure. This paper presents a case study of the acoustic situation in Cáceres (Spain) during the restriction period by means of long-term acoustic measurements at various points of the city.

scholarly journals Examining the spatial relationship between environmental health factors and house prices

2018 ◽  
Vol 11 (3) ◽  
pp. 353-398 ◽  
Author(s):  
Michael J. McCord ◽  
Sean MacIntyre ◽  
Paul Bidanset ◽  
Daniel Lo ◽  
Peadar Davis
Keyword(s):  
Air Quality ◽  
Environmental Quality ◽  
House Prices ◽  
Management Strategies ◽  
Noise Pollution ◽  
Well Being ◽  
Spatial Modelling ◽  
Content Type ◽  
The Impact ◽  
Health And Well Being

Purpose Air quality, noise and proximity to urban infrastructure can arguably have an important impact on the quality of life. Environmental quality (the price of good health) has become a central tenet for consumer choice in urban locales when deciding on a residential neighbourhood. Unlike the market for most tangible goods, the market for environmental quality does not yield an observable per unit price effect. As no explicit price exists for a unit of environmental quality, this paper aims to use the housing market to derive its implicit price and test whether these constituent elements of health and well-being are indeed capitalised into property prices and thus implicitly priced in the market place. Design/methodology/approach A considerable number of studies have used hedonic pricing models by incorporating spatial effects to assess the impact of air quality, noise and proximity to noise pollutants on property market pricing. This study presents a spatial analysis of air quality and noise pollution and their association with house prices, using 2,501 sale transactions for the period 2013. To assess the impact of the pollutants, three different spatial modelling approaches are used, namely, ordinary least squares using spatial dummies, a geographically weighted regression (GWR) and a spatial lag model (SLM). Findings The findings suggest that air quality pollutants have an adverse impact on house prices, which fluctuate across the urban area. The analysis suggests that the noise level does matter, although this varies significantly over the urban setting and varies by source. Originality/value Air quality and environmental noise pollution are important concerns for health and well-being. Noise impact seems to depend not only on the noise intensity to which dwellings are exposed but also on the nature of the noise source. This may suggest the presence of other externalities that arouse social aversion. This research presents an original study utilising advanced spatial modelling approaches. The research has value in further understanding the market impact of environmental factors and in providing findings to support local air zone management strategies, noise abatement and management strategies and is of value to the wider urban planning and public health disciplines.

scholarly journals Noise Events Monitoring for Urban and Mobility Planning in Andorra la Vella and Escaldes-Engordany

Environments ◽  
2019 ◽  
Vol 6 (2) ◽  
pp. 24 ◽  
Author(s):  
Rosa Alsina-Pagès ◽  
Robert Garcia Almazán ◽  
Marc Vilella ◽  
Marc Pons
Keyword(s):  
Urban Areas ◽  
Road Traffic ◽  
Signal To Noise Ratio ◽  
Traffic Noise ◽  
Critical Factor ◽  
Noise Pollution ◽  
Urban Environments ◽  
Road Traffic Noise ◽  
City Life ◽  
The Impact

Noise pollution is a critical factor and it has an important impact on public health, with the relationship between road traffic noise (RTN) and several illnesses in urban areas of particular concern. Andorra is currently developing a national strategy regarding noise pollution in their urban environments. The Ministry of Environment, Agriculture and Sustainability is trying to to identify, monitor, map and model the effects of noise pollution and design mitigation policies to reduce the impact in certain priority areas. This analysis should take into account the existence of different types of anomalous noise events (ANEs) present in the street, e.g., horns, people talking, music, and other events that coexist with RTN, to characterize the soundscape of each of the locations. This paper presents a preliminary analysis considering both the Signal-to-Noise Ratio (SNR) and the duration of the ANEs to evaluate their presence in urban areas in the three different locations in Andorra la Vella and Escaldes-Engordany. The experiments conducted required a 10-h recording campaign distributed in the three locations under study, which was evaluated on two different days, one during the week and the other on the weekend. Afterwards, the data were carefully labeled and the SNR of each event was evaluated to determine the potential impact of the four categories under study: vehicles, works, city life and people.

scholarly journals Assessing Health Effects and Soundscape Analysis as New Mitigation Actions Concerning the Aircraft Noise Impact in Small- and Middle-Size Urban Areas in Greece

Environments ◽  
2019 ◽  
Vol 6 (1) ◽  
pp. 4 ◽  
Author(s):  
Georgia Gerolymatou ◽  
Nicolas Rémy ◽  
Konstantinos Vogiatzis ◽  
Vassiliki Zafiropoulou
Keyword(s):  
Health Effects ◽  
Urban Areas ◽  
Environmental Noise ◽  
Aircraft Noise ◽  
Population Exposure ◽  
Noise Mapping ◽  
Acoustic Environment ◽  
International Airport ◽  
Disability Adjusted Life ◽  
The Impact

In 2013 and 2014, two main International Airports in Greece were evaluated through the European directive on noise environment 2002/49/EC: “Nikos Kazantzakis” International Airport of Heraklion Crete and “Ioannis—Kapodistrias” International Airport in Corfu, both located in highly touristic areas of Greece. Acoustic measurement’s campaign, environmental noise mapping simulations and population exposure to noise were implemented in order to produce a complete Strategic Noise Map. Correlated to this acoustic approach, a comprehensive interview campaign and a detailed soundscape analysis were also conducted in both airports’ adjacent areas (Alikarnassos district in Heraklion and the peninsula of Canoni in Corfu City) in order to understand the impact of aircraft movements on both local residents and tourists, and analyze the perception of the soundscapes. A similar evaluation was also executed in order to assess possible health effects by using the WHO’s DALY’s (Disability Adjusted Life Year) metrics for environmental noise in relation to the exposure of the population. This paper presents the main results of these representative case studies, attempting a combined assessment of both health effects and soundscape characteristics to be used as evaluation tools towards the management and the rehabilitation acoustic environment characterized mainly by aircraft noise in touristic areas.

Impacts of Indoor Environmental Quality (IEQ) Elements on Residential Property Market: A Review

2015 ◽  
Vol 73 (5) ◽  
Author(s):  
Asmma’ Che Kasim ◽  
Megat Mohd Ghazali Megat Abdul Rahman ◽  
Maryanti Mohd Raid
Keyword(s):  
Environmental Quality ◽  
Market Price ◽  
Residential Building ◽  
Green Building ◽  
Real Estate Market ◽  
Residential Property ◽  
Indoor Environmental Quality ◽  
Property Market ◽  
Property Price ◽  
The Impact

Indoor environmental quality (IEQ) is among six criteria of Green Building Index (GBI) that need to be achieved by building owner in order to recognize their building as ‘green’ in Malaysia. The benefit of IEQ is to create conducive environment for human health. Besides influenced their overall image, leasing and resale value of the buildings, does indoor environmental quality (IEQ) features will give impact on real estate market in terms of price and rental particularly for residential building property? Therefore, this paper will review the broad literature regarding the impacts of indoor environmental quality (IEQ) for residential building property and its implication to towards property price and rental. The early hypothesis of this paper anticipates that indoor environmental quality (IEQ) features will indirectly increase residential property market price and rental. From this paper, it is hope that the positive impacts of these features will encourage building owners, developers and other main development actors to put these criteria into the same consideration as other criteria in GBI as one of the way to compensate the impact of the building towards economic, environment and social.

scholarly journals Information Opportunities of Administrative Data on Residential Real Estate Transactions for Calculating the House Prices in Russia’s Housing Market

2021 ◽  
Vol 18 (6) ◽  
pp. 60-72
Author(s):  
A. B. Dukhon ◽  
O. I. Obraztsova ◽  
N. D. Epshtein
Keyword(s):  
Real Estate ◽  
Housing Market ◽  
House Prices ◽  
Information Source ◽  
Residential Property ◽  
National Accounts ◽  
System Of National Accounts ◽  
Registration Data ◽  
State Register ◽  
Property Price

Purpose of the study. Development, justification and testing of a methodology for improving statistical monitoring of average prices in the Russian housing market, based on the use of registration information of the Unified State Register of Real Estate (USRN) on transactions for the purchase of residential real estate, in accordance with international statistical standards for Residential Property Price statistics.Materials and methods. The theoretical basis of the study was the United Nations system of national accounts (version of 2008), including the European system of accounts as amended in 2010. The research methodological base was made up of official statistical sources: metadata and international statistics guidelines in the field of national accounting, Handbook on Residential Property Price Indices and related housing indicators, as well as methodological provisions and an album of Rosstat forms, and methodological materials of the administrative statistics of the Federal Service for State Registration, Cadastre and Cartography of the Russian Federation (Rosreestr). The depersonalized registration data on households’ market transactions of the Unified State Register of Property Rights and Transactions maintaining by Rosreestr were used as an information database of the research.Results. The main result of the study is the design and substantiation of a system of indicators for the construction of an integrated information source for Residential Property Price statistics, on the base on interdepartmental information interaction.Conclusion. The proposed system of indicators will provide a highquality database that could be used in order to construct constant quality House Prices for various types of homogeneous residential property in the housing market, complying with the concepts of international statistical standards.

scholarly journals The Impact of Transportation Costs on Spatial Competition of Grain Buyers: An Iowa Case Study

2010 ◽  
Author(s):  
Miguel A. Carriquiry ◽  
Bruce A. Babcock
Keyword(s):  
Mississippi River ◽  
Spatial Competition ◽  
Transportation Cost ◽  
Transportation Costs ◽  
Lower Price ◽  
Classic Model ◽  
The North ◽  
Scott County ◽  
The Impact

Hotelling's classic model of spatial competition is adapted to estimate the impacts on grain price of the closure of one of three grain buyers on the Mississippi River in the vicinity of Scott County, Iowa. The customers of the buyer who is closing (River Gulf Grain Company) in Davenport, Iowa, are assumed to deliver their grain to a buyer in either Buffalo, Iowa, to the south or to a buyer in Clinton, Iowa, to the north. Calibration of Hotelling's framework to this situation leads to an estimated decline in grain bids of 1.5¢ per bushel for the buyer located in Clinton and by 2.5¢ per bushel for the buyer located in Buffalo. These estimates are based on an incremental transportation cost of 0.15¢ per mile between the seller's farm and the buyer. This price decline would reduce gross receipts of the farmers who currently deliver to Davenport by approximately $264,000 per year. The effect of lower price bids on gross receipts of all area farmers would be approximately $750,000 per year. Transportation costs would increase by an estimated $75,000 for those farmers who would have to haul their grain farther because of the closure.

scholarly journals ECONOMIC ASPECTS OF THE CITY TRAFFIC NOISE: CASE STUDY // EKONOMSKI ASPEKTI BUKE OD GRADSKOG SAOBRAĆAJA: STUDIJA SLUČAJA

2018 ◽  
Vol 15 (1) ◽  
Author(s):  
Jelena Božić ◽  
Predrag Ilić ◽  
Ljiljana Stojanović Bjelić
Keyword(s):  
Noise Level ◽  
Road Traffic ◽  
Scientific Evidence ◽  
Traffic Noise ◽  
Noise Pollution ◽  
Common Denominator ◽  
Economic Implications ◽  
The Impact ◽  
The City

Noise pollution is one of the main environmental problems today.The main source of environmental noise is traffic noise, especially the noise of road vehicles. The continuing expansion of motorized transport in Europe and Republic of Srpska today, and especially the sharp increase in the use of private cars raises concerns about the health risks.The aim of the case study was to determine the noise level at the location „Borik“ in Banja Luka. The measured values indicate that the noise level in this street is alarming. This paper discusses health and well-being related impacts of traffic noise pollution as well as the economic and social benefits associated with its reduction. It summarizes the latest scientific evidence on the impact of road traffic-induced noise on physical and mental health as a reaction to the high level of traffic noise risks. According to the scientific evidence, road traffic is the main source of noise pollution in Europe that cause harmful health such as impaired communication and disturbed sleep, as well as adverse after effects such as fatigue and decreased performance, annoyance, hearing impairment, ischemic heart disease and hypertension. The effects of unhealthy noise level are reflected on living and working conditions, consequently affecting the economy.This paper highlights economic implications and health benefits linked to cross-functionalities in the process of noise reduction in urbanism, architecture and vehicle design and methods for its evaluation. Cost-benefit analysis would be a pivotal decision-making tool for the city road traffic and land-use decisions. Economic valuation is about identifying all preferences and translating them into a money measure, to create a common denominator for comparing the pros and cons. Any decision implicitly include a money value into health effects. A holistic approach is crucial, considering the various health and economic consequences together.

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