Bringing the real world into economic analyses of land use value: Incorporating spatial complexity
In: Land use policy: the international journal covering all aspects of land use, Band 26, S. S30-S42
ISSN: 0264-8377
33 Ergebnisse
Sortierung:
In: Land use policy: the international journal covering all aspects of land use, Band 26, S. S30-S42
ISSN: 0264-8377
In: International affairs, Band 76, Heft 4, S. 874-875
ISSN: 0020-5850
In: Land use policy: the international journal covering all aspects of land use, Band 79, S. 293-300
ISSN: 0264-8377
In: FEEM Working Paper No. 94.2013
SSRN
Working paper
In: Environmental and resource economics, Band 43, Heft 1, S. 119-135
ISSN: 1573-1502
In: Regional studies: official journal of the Regional Studies Association, Band 31, Heft 6, S. 571-582
ISSN: 1360-0591
In: Environmental Value Transfer: Issues and Methods; The Economics of Non-Market Goods and Resources, S. 131-160
In: Environmental and resource economics, Band 76, Heft 1, S. 17-19
ISSN: 1573-1502
In: Environmental and resource economics, Band 37, Heft 1, S. 1-6
ISSN: 1573-1502
In: Regional studies: official journal of the Regional Studies Association, Band 33, Heft 3, S. 191-205
ISSN: 1360-0591
In: Environmental and resource economics, Band 76, Heft 1, S. 1-5
ISSN: 1573-1502
In: Environmental and resource economics, Band 7, Heft 3, S. 197-211
ISSN: 1573-1502
In: Environmental and resource economics, Band 75, Heft 2, S. 297-322
ISSN: 1573-1502
In: Environment and planning. C, Government and policy, Band 18, Heft 6, S. 681-696
ISSN: 1472-3425
One of the results of new road construction is often a reduction in the price of nearby properties. In the United Kingdom property owners can be compensated for this loss through the Land Compensation Act. The appropriate level of compensation is currently determined by valuers and is mainly based upon their expertise and skill. This study aims to determine what the correct level of compensation should be. It has been specifically designed to fulfil the requirements of current legislation and can be integrated into existing compensation procedures. This was achieved through a hedonic pricing study that relates current property prices to a wide range of factors. These variables include the structure, neighbourhood, accessibility, and environment of the property, in addition to the impact of nearby roads. These were all created through GIS and large-scale digital data. The study, which is based on over 3500 property sales in Glasgow, Scotland, suggests that property prices were depressed by 0.202% for each decibel increase in road noise. This result has enabled a more streamlined compensation procedure to be developed and demonstrates that compensation claims can be estimated at the road-development stage. This would allow any compensation claims to be assessed prior to road construction and inform the design of noise-reduction measures.