scholarly journals How Much Are People Willing to Pay for Clean Air? Analyzing Housing Prices in Response to the Smog Free Tower in Xi’an

Author(s):  
Haiyong Zhang ◽  
Sanqin Mao ◽  
Xinyu Wang

The Smog Free Tower (SFT) in the city of Xi’an, China, is the world’s first outdoor architecture that uses solar energy and filtration technology to purify polluted air. It provides a unique opportunity to explore residents’ willingness to pay for air quality and their related behaviors. Drawing on data collected after the establishment of the SFT, this paper reveals the characteristics of changes in people’s willingness to pay for clean air. We found that, prior to the release of an assessment report on the SFT, housing prices had an inverted U-shaped relationship with the distance to the SFT, which indicated people tended to purchase houses a certain distance away from the SFT. The threshold value of distance was inversely related to the greening ratio of the residential area. However, after the publication of the experimental report on the SFT, housing prices decreased as the distance to the SFT increased, indicating the closer the house was to the SFT, the more likely people were to buy it. These changes confirmed that people are willing to pay for clean air. The convenience of transportation had a significant moderating effect on the willingness to pay for clean air, however. In other words, people may buy houses with lower air quality if they have better transportation accessibility. The findings of this paper may have practical implications for environmental governance, urban planning, residential satisfaction, and real estate market regulation.

2021 ◽  
Vol 9 ◽  
Author(s):  
Ziliang Lai ◽  
Xinghua Liu ◽  
Wenxiang Li ◽  
Ye Li ◽  
Guojian Zou ◽  
...  

Previous studies have paid little attention to the spatial heterogeneity of residents' marginal willingness to pay (MWTP) for clean air at a city level. To fill this gap, this study adopts a geographically weighted regression (GWR) model to quantify the spatial heterogeneity of residents' MWTP for clean air in Shanghai. First, Shanghai was divided into 218 census tracts and each tract was the smallest research unit. Then, the impacts of air pollutants and other built environment variables on housing prices were chosen to reflect residents' MWTP and a GWR model was used to analyze the spatial heterogeneity of the MWTP. Finally, the total losses caused by air pollutants in Shanghai were estimated from the perspective of housing market value. Empirical results show that air pollutants have a negative impact on housing prices. Using the marginal rate of transformation between housing prices and air pollutants, the results show Shanghai residents, on average, are willing to pay 50 and 99 Yuan/m2 to reduce the mean concentration of PM2.5 and NO2 by 1 μg/m3, respectively. Moreover, residents' MWTP for clean air is higher in the suburbs and lower in the city center. This study can help city policymakers formulate regional air management policies and provide support for the green and sustainable development of the real estate market in China.


Author(s):  
I. V. May ◽  
A. A. Kokoulina ◽  
S. Yu. Balashov

Introduction. The city of Chita of Zabaikalsky region is one of the cities of Russia, priority on level of pollution of atmosphere. Of the order of 130 impurities emitted by the sources of the city, 12 are monitored at 5 posts of the Roshydromet network. Maximum monthly average concentrations are formed by benz (a) pyrene (up to 56.8 MPC), hydrogen sulfide (12.3 MPC), suspended particles (up to 4PDC), phenol (up to 3.6 MPC). Significant emissions (59.73 thousand tons in 2018) are aggravated by the use of coal as a fuel by heat and power enterprises and the private sector, climatic and geographical features. Within the framework of the Federal project “Clean Air” of the national project “Ecology”, it is envisaged to reduce the gross emission of pollutants into the atmosphere of Chita by 8.75 thousand tons by 2024, which should lead to a significant improvement in the safety and quality of life of citizens. It is necessary to identify the most “risky “components of pollution for health.It is important to understand: whether the environmental monitoring system reflects the real picture of the dangers posed by pollution of the city’s atmosphere; whether there is a need to optimize the monitoring system for the subsequent assessment of the effectiveness and efficiency of measures; what impurities and at what points should be monitored in the interests of the population, administration and economic entities implementing air protection measures.The aim of the study is to develop recommendations for optimizing the program of environmental monitoring of air quality in the city of Chita, taking into account the criteria of danger to public health for the subsequent evaluation of the effectiveness and effectiveness of the Federal project “Clean Air”.Materials and methods. Justification of optimization of monitoring programs was carried out through the calculation of hazard indices, considering: the mass of emissions and toxicological characteristics of each chemical; the population under the influence. A vector map of the city with a layer “population density” was used as a topographic base. The indices were calculated for regular grid cells covering the residential area. For each cell, the repeatability of winds of 8 points from the priority enterprises and the population within the calculated cell were taken into account. As a result, each calculation cell was characterized by a total coefficient, taking into account the danger of potential impacts of emissions. Based on the results of the assessments, recommendations were formulated to optimize the placement of posts in the city and the formation of monitoring programs.Results. Indices of carcinogenic danger to the health of the population of Chita ranged from 584,805. 96 to 0.03 (priorities: carbon (soot), benzene, benz (a) pyrene); indices of non-carcinogenic danger — from 1,443,558. 24 to 0.00 (priorities: sulfur dioxide, inorganic dust containing 70–20% SiO2, fuel oil ash). The greatest danger to public health stationary sources of emissions form in the North-Western, Western and South-Eastern parts of the city. Roshydromet posts in these zones are absent.Conclusions. As part of the objectives of the project “Clean Air”, it is recommended to Supplement the existing state network of observations of atmospheric air quality in Chita with two posts; to include manganese, xylene, vanadium pentoxide in the monitoring programs, to carry out the determination of Benz(a)pyrene et all posts, which will allow to fully and adequately assess the danger of emissions of economic entities, as well as the effectiveness and efficiency of the provided air protection measures.


2022 ◽  
Vol 132 ◽  
pp. 01024
Author(s):  
Petr Junga ◽  
Radka Smolinská ◽  
Tomáš Krulický ◽  
Veronika Machová

The aim of the paper is an application of the basic principles in determining rental housing prices and factors that may affect them. In the experimental part, an analysis of rental housing in the city of Brno is performed for the 2020 – 2021 period affected by the covid-19 pandemic. The analysis is processed for individual city districts and divided according to apartment layout. Finally, all outputs are compared and the real estate market development is determined with a focus on the biggest changes and their occurrence.


2016 ◽  
Vol 24 (1) ◽  
pp. 5-18 ◽  
Author(s):  
Ada Wolny

Abstract The aim of this article is to show the accessibility of real estate by transportation as a factor that significantly determines the decision to acquire it. Direct access to a public road, or access to an internal road that provides communication with the public road, are a factor affecting the value of real estate. In addition, this factor is taken into account in the process of changing the function of the area, especially in determining zoning and land use. The decision of purchasing real estate often depends on transportation accessibility, because it has an impact on developing the selected plot. Suburban real estate markets, as markets exposed to particularly strong investment pressure, develop depending on the influx of external investors and the local transportation network. Here, the smaller the distance from the city center, the greater the building concentration; nevertheless, it is still important to improve transportation links and create a well-developed local transportation network. The provision of access to main roads on the rapidly growing market is in the interest of local authorities implementing spatial policy. It is also a challenge for real estate investors taking on the initiative in the scope of transforming land use. The analysis of the impact that transportation accessibility has on the development of the real estate market was conducted on the example of two selected suburban communes bordering the city of Olsztyn - Dywity and Stawiguda. Transactions on the local real estate market entered into during a period of five years were subjected to analysis. The results of the research revealed concentrations of transactions of real estate located on the outskirts of the city or in areas well-communicated with Olsztyn. The conducted research also indicates that, due to the activity of investors, a network of internal roads creating a complex structure was formed.


Author(s):  
D. P. Shatilo

Paris is one of the most interesting examples of immigrants’ settlement pattern in the city. At various historical immigration stages, different immigrants groups settled in certain areas. Immigration policy, real estate prices differentiation, and the distribution of social housing have led to the concentration in some areas people from developing and poor countries. Sometimes they create a tense situation in the region and even in the city in general. These areas combine the signs of the “ghettos”, which has been denied for a long time by authorities. Considering the immigrants territorial structure, the housing prices, incomes, distribution of social housing, unemployment, the author reveals the features of the territorial differentiation in Paris. Data on the cost of real estate prices was collected according to the author’s algorithm. The differentiation of the residential real estate market in the Paris department is an interesting case. There also was found a correlation between the housing prices and the immigrants’ settlement pattern. However, there are immigrants from developed countries (for example, the USA, Japan), and from developing once in Paris. That is why in “expensive” areas there can be observed a large share of immigrants, as well as a small one. Immigrants from Algeria, Morocco and Tunisia settle in the northern part of the Petit-Couronne. On the Val-de-Marne department in southeastern periphery, there is a small concentration of immigrants from Portugal. Turkish immigrants mostly live in the SeineSaint-Denis department. The ambiguous effect of the immigrants settlement pattern on income, unemployment and social housing was revealed. The comparison of all factors revealed a mosaic territorial distribution.


Author(s):  
V. Zapototska ◽  
O. Levytska ◽  
I. Horyn

In this article we consider the theoretical and applied principles of formation of the cost of residential areas of Lviv. Some factors of supply were evaluated such as: availability of housing, the exploitaition of housing, foreign direct investments, the amount of construction works. The assessment of activity indicators of the real estate market in the regions was done. Maximum of residential real estate of the secondary market of Lviv, which were on sale in 2015, was observed in FrankIvskiy region (20.0% of all objects), because it has a high degree of intensity of functioning of the real estate market in this segment. However, in Sykhivskiy region the development of secondary real estate is retarded, despite of the significant amounts of housing. An analysis of the price indices of housing in the city allowed to the authors to identify five areas of pricing, to analyze property values of the areas of the city and to outline the reasons of differentiation. The first – Central area – includes Galitskiy array. The second – middle zone – consists of Zaliznichniy, Frankivskiy, Shevchenkivskiy and Lychakivskyi arrays and Lychakiv, Pogulyanka and the New Lviv. The third – peripheral urban area – covers Levandivka, Sriblyastiy, Veliki Kravchitsi, Znesinnia, Mayorivka, Kozelnyky, Sihiv and Sykhivskiy array Bodnarivka, Kulparkiv, Zamarstyniv and Zboyischa. The fourth – peripheral area – includes Syhnivka and Ryasne. The fifth – neighborhood peripheral zone– applies to the Lysynachi and Ryasne-2. The authors managed to create a map of the potential fields in a cost of residential development in the city. The amount of new buildings in the city’s area also was analyzed in the work. According to the forecast which was made by using analytical methods of smoothing and leveling till May 2017, prices in secondary market of all areas of Lviv will gradually decrease in average house. Naturally, the highest values in prices will occur in the central and middle areas. The reason is that the investigated territory is the historical center of the city, which has a high level of service industry. This part of city has the highest level of industrial production and sales of industrial products. It also constantly focuses on development of trade and providing the local population with qualitative goods and services. Housing prices will be the lowest in peripheral approximate, peripheral and remote peripheral areas of Lviv, which are the youngest and the most isolated among other areas of the city. There are also green areas in Lviv which are characterized by insufficient availability of social facilities. The main problem here is transport infrastructure. It needs development and improvement because the locals daily faced with serious problems both during arrival at work or school and when they return home. In the work also were conducted the calculations of tightness connection (correlation) parameters of the commissioning of housing, retail turnover volume of enterprises of direct investment, the quantity of people and the average nominal wage by an average of one full-time employee. The result of the reseach is a tight connection between the commissioning of housing and retail turnover of enterprises and average nominal wages on average one staff member. It has a linear character and it’s positive. However, direct investments and quantity of population in general are not related to the investigation process.


2018 ◽  
Vol 10 (9) ◽  
pp. 3140 ◽  
Author(s):  
Xinrui Wang ◽  
Eddie Hui ◽  
Jiuxia Sun

Demographic factors are crucial to the sustainable development of one country. China’s population is aging at an accelerating rate and, together with the increasing mobility between cities, some special demographic issues have formed, which is quite related to the urban real estate market. The paper aims to investigate how the population aging and mobility affect housing prices at the city level, by using a set of two-period panel data of 294 prefecture-level cities in China. The results show that an increase in elderly dependency ratio by 1% leads to a rise in housing prices by 0.368%. Meanwhile, an increase in urbanization level by 1% drives up housing prices by about 0.139%, and a rise in the ratio of inter-regional migration by 1% will increase housing prices by about 1.038%. Furthermore, the policy of purchase limits could weaken the positive impacts of elderly dependency ratio and inter-regional migration on housing prices and, thus, plays a moderating role on the relationship between demographic structure and housing prices.


2020 ◽  
Vol 2020 (6) ◽  
pp. 147-175
Author(s):  
Ianina Roshchina ◽  
Tatyana Vashchenko

This paper considers various factors affecting housing prices in Moscow with special attention to societal conditions — particularly the quality of education provided by schools within the neighborhood. Today in Russia, children are enrolled in elementary school on the principle of territorial priority, which means that children living within the area of a given school are entitled to be enrolled there. Do parents take into consideration the quality of school education when purchasing a property? Are they prepared to pay extra for an access to better education? Does this extra amount depend on housing prices? These are the main questions of this study. To answer them, the paper analyses the best affordable school rating’s impact on accommodation prices. Not only parents, but also the real estate market would be interested in the results. Moreover, this research contributes to the understanding of migration patterns within the city. It helps determine the factors affecting someone’s choice of property. The findings will provide a more accurate assessment of decision-making in urban planning and education.


Author(s):  
Quoc Bang Ho ◽  
Hoang Ngoc Khue Vu ◽  
Thoai Tam Nguyen ◽  
Thi Thuy Hang Nguyen

Together with the urbanization, industrial activities are increasing and transportation system is being rapidly developing. In 2017, the population of Ho Chi Min city (HCMC) is over 8.6 million. The city has 8 million vehicles including 637,323 automobiles and more than 7,339,522 motorcycles. Up to now, the city has a total of 2708 factories generating air emissions (including 3 processing zones (EPZs) and 16 industrial parks (IPs), with thousands of factories outside the IPs / EPZs), resulting in an increase in emissions from these activities and affecting the air quality of the city. Therefore, in this study (i) collect air emission data, evaluate and calculate of air emissions by applying EMISENS emission calculation models and survey and traffic counting methods; (ii) Develop clean air action plan and climate change mitigation for Ho Chi Minh City. The results showed that on-road activities are the major contributor, accounting for 88% of NOx, 99% of CO, 79% of SO2, 99% of NMVOC, 88% of PM in total emissions from transportation activities. Key finding in this study is that harbour activities contribute up to 20% of total SOx and 10% of total PM. Other sources (airport, harbour, bus station, rail way) only accounting for negligible amount of emissions. Emission maps showed that emissions in harbours and in central areas of the city as District 1, district 10, district 3 and district 5 are higher than the other districts. This study has also developed 13 measures to effectively manage air quality and reduce GHG in Ho Chi Minh City.


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