Title: Comparing the impact of road noise on property prices in two separated markets
Authors: Franck, Marieke ×
Eyckmans, Johan
De Jaeger, Simon
Rousseau, Sandra #
Issue Date: 2015
Publisher: Taylor & Francis
Series Title: Journal of Environmental Economics and Policy vol:4 issue:1 pages:15-44
Article number: 10.1080/21606544.2014.951399
Abstract: In this paper, we empirically test the stability of valuation estimates of road traffic noise based on house prices. A hedonic valuation model is constructed and estimated for two separate housing markets in Belgium. We estimate noise depreciation sensitivity index (NDSIs) for different modelling choices for both markets separately, jointly and taking into account spatial dependency. The results confirm that housing markets are region-specific and several housing characteristics are valued differently across regions. The effect of road noise, however, appears to be rather robust. Thus, the use of NDSI estimates from one region to value traffic noise in another region seems to be acceptable.
ISSN: 2160-6544
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Centre for Economics and Corporate Sustainability, Campus Brussels
Faculty of Economics and Business (FEB) - miscellaneous
× corresponding author
# (joint) last author

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