scholarly journals The Impact of Transportation and Walkability on Residential Property Value

2021 ◽  
Vol 5 (3) ◽  
pp. 3-17
Author(s):  
Afiruddin Tapa ◽  
Nurul Wazien Mohd Noor
Keyword(s):  
House Prices ◽  
Development Planning ◽  
Structure Characteristic ◽  
Residential Property ◽  
Value Assessment ◽  
Property Value ◽  
Land Area ◽  
Residential Property Value ◽  
House Structure ◽  
The Impact

In order to determine the impact of transportation and walkability as one of the important smart growth principles in creating economic value, this study examines the impact of transportation and walkability on Residential Property Value in Shah Alam, Selangor, Malaysia neighborhoods. Based on secondary data collected on Brickz.com, a hedonic regression model was constructed to estimate median Residential Property Value in Shah Alam, Selangor for the Residential Property Value assessment. The model's findings demonstrate that transportation and walkability factors have less impact on estimated Residential Property Value than other residential structure characteristics such as number of floors, number of bedrooms, and land area. Only three variables from the Structure Characteristic were statistically significant in this study: Structure Characteristic no of the floor, Structure Characteristic No of the Bedroom and Structure Characteristic Land Area. Consequently, all transportation and walkability are insignificant towards residential house prices. This shows that there are still ways to increase house prices through attractive house structure planning. With this, the formation of an attractive house structure in development planning is an important aspect in increasing the demand for house prices while rising house prices efficiently. The adoption of the appropriate use of public transport uses the principle of good growth to achieve added value and improve the overall quality of life in the neighborhood.

scholarly journals Time-Geographically Weighted Regressions and Residential Property Value Assessment

2019 ◽  
Vol 60 (1-2) ◽  
pp. 134-154 ◽  
Author(s):  
Jeffrey P. Cohen ◽  
Cletus C. Coughlin ◽  
Jeffrey Zabel
Keyword(s):  
Residential Property ◽  
Value Assessment ◽  
Property Value ◽  
Residential Property Value

scholarly journals THE IMPACT OF CRIME ON RESIDENTIAL PROPERTY VALUE - ON THE EXAMPLE OF SZCZECIN

2017 ◽  
Vol 25 (3) ◽  
pp. 51-61 ◽  
Author(s):  
Iwona Foryś ◽  
Ewa Putek-Szeląg
Keyword(s):  
Residential Property ◽  
Property Value ◽  
Subjective Expectations ◽  
Transaction Prices ◽  
Is Security ◽  
Residential Property Value ◽  
Housing Needs ◽  
The Impact ◽  
The Relationship ◽  
Transactional Data

Abstract The decisions of buyers on the housing market are not only the sum of their subjective expectations but also of the perception of real estate through a prism of opinions and suggestions arising from the surroundings. One of the basic criteria driving households determined to meet basic housing needs is security. The aim of the study is to identify the relationship between the transaction prices of housing and the crime rate in the various districts of Szczecin. For this purpose, data from the Regional Police Headquarters in Szczecin (i.e. map of crimes) and transactional data from notarial acts are analyzed in the work. Then, using statistical and econometric models, spatial relationships of the examined crimes are investigated.

scholarly journals A review of climate change (floods) and economic attributes response to residential property value in Malaysia

2019 ◽  
Vol 11 (4) ◽  
pp. 1084-1094
Author(s):  
Siti Hafsah Zulkarnain ◽  
Maki Tsujimura ◽  
Muhamad Ali Yuzir ◽  
Muhammad Najib Razali ◽  
Zakri Tarmidi
Keyword(s):  
Climate Change ◽  
Flood Risk ◽  
Residential Property ◽  
Flood Hazards ◽  
Valuation Theory ◽  
Property Value ◽  
Risk Area ◽  
Real Estate Valuation ◽  
Residential Property Value ◽  
The Impact

Abstract The art and science of determining residential property value has evolved due to the changing external factors, such as the economy, environmental (climate change) and social aspects. This research aims to identify the impact of climate change (floods) to determine residential economic attributes that could affect the value for residential property in flood risk areas. The case study covers all residential housing schemes in Langat River Basin area, which has been considered as the highest flood risk area in the State of Selangor, Malaysia. The methodology of this research is based on the conceptual analysis from previous studies from local and international scenarios. The systematic analysis of previous literature of real estate valuation theory consists of economic attributes such as structural, locational and environmental attributes involved in residential property valuation in relation to flooding. The findings reveal that the economic attributes' response to flood hazards for residential properties can be divided into three conditions, and they are: positive, negative or no effect on the climate change factor.

scholarly journals Effects of Noise Pollution on Residential Property Value in Enugu Urban, Nigeria

SAGE Open ◽  
2021 ◽  
Vol 11 (3) ◽  
pp. 215824402110321
Author(s):  
Idu R. Egbenta ◽  
Smart N. Uchegbu ◽  
Ejike Ubani ◽  
Okwuchi Juliet Akalemeaku
Keyword(s):  
Road Traffic ◽  
Empirical Studies ◽  
Noise Pollution ◽  
Residential Property ◽  
Property Value ◽  
Residential Areas ◽  
Religious Activities ◽  
Residential Property Value ◽  
The Impact ◽  
Rental Value

One of the persistent environmental issues today is high noise levels in residential areas especially in the developing countries. There are several unorganized informal sector activities such as recreational, road traffic, household and religious activities, operation of power generating sets, incompatible uses in space among others that are the sources of noise pollution in residential areas. A number of empirical studies have been carried out on the impact of noise on residential property values. However, one finds it very difficult to ascertain whether noise pollution affects residential property value in Enugu Urban. The aim of this study is to ascertain whether noise pollution has significant influence on residential rental values in the study area. The study has discovered that residential properties affected by noise pollution have lower rental value compared to those unaffected by 3.1% of its rental value. The study has provided some insight to guide property buyers or users, investors, property managers, and valuers as regards property transactions. The study has suggested that property value spatial index of noise pollution in the study area can be built and use as a guide for urban management strategy to achieve sustainable development.

scholarly journals Investigating the Impact of Airport Noise and Land Use Restrictions on House Prices: Evidence from Selected Regional Airports in Poland

2019 ◽  
Vol 11 (2) ◽  
pp. 412 ◽  
Author(s):  
Jacek Batóg ◽  
Iwona Foryś ◽  
Radosław Gaca ◽  
Michał Głuszak ◽  
Jan Konowalczuk
Keyword(s):  
Land Use ◽  
Environmental Sustainability ◽  
House Prices ◽  
Policy Implications ◽  
Property Value ◽  
Property Prices ◽  
Value Loss ◽  
Housing Submarkets ◽  
Regional Airports ◽  
The Impact

In this paper, we investigate the influence of airport operation on property prices. In this research, we apply spatial hedonic regression and a difference-in-differences approach to address the introduction of new land use restrictions on property prices. We use data on housing transactions from two housing submarkets around regional airports in Poland. The results suggest that the introduction of land use restrictions impacts property prices. In general, as expected, more rigid restrictions translate into higher discounts in property prices. This research contributes to the limited knowledge on the impact of the introduction of land use restrictions on property prices, as most previous papers have focused solely on the impact of noise. These findings must be treated with caution, as some estimates were not statistically significant, mainly due to limited sample size. The research has important policy implications. Growing airports in Poland face tensions between economic and environmental sustainability. Currently, airports in Poland are obliged to limit their environmental impact by creating limited use areas related to the aircraft related noise while being responsible for property value loss related to these restrictions. As a consequence, most regional airports face significant compensations to property owners.

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