The impact of green areas on dwelling prices: the case of Poznań city

Objective: The objective of this paper is to estimate the impact of urban green areas on dwelling prices in Poznań. Research Design & Methods: In order to identify the influence of the green spaces on dwelling prices, the hedonic method was used. In the analysis, transaction prices of resident...

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Main Author: Radosław Trojanek
Format: Article
Language:English
Published: Cracow University of Economics 2016-06-01
Series:Entrepreneurial Business and Economics Review
Subjects:
Online Access:https://eber.uek.krakow.pl/index.php/eber/article/view/164
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author Radosław Trojanek
author_facet Radosław Trojanek
author_sort Radosław Trojanek
collection DOAJ
description Objective: The objective of this paper is to estimate the impact of urban green areas on dwelling prices in Poznań. Research Design & Methods: In order to identify the influence of the green spaces on dwelling prices, the hedonic method was used. In the analysis, transaction prices of residential units in Poznań were used. Findings: The application of the log-linear model allows to identify the percentage difference in the price of the same dwelling located with different distances to green areas. In case of this research, the results indicates that increase the distance from green area by one kilometer lowered the price of a dwelling by 3% in Poznań in years 2013-2015. Implications & Recommendations: It is necessary to conduct research on impact of green areas on other types of properties. Different types of urban green areas may affect in different way. Contribution & Value Added: The originality of this work lies in studying some aspects of influence of green areas on dwelling prices in Poland.
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publisher Cracow University of Economics
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series Entrepreneurial Business and Economics Review
spelling doaj-art-32b2f66b30c0405eafd387b434cdb2c72025-08-20T02:45:50ZengCracow University of EconomicsEntrepreneurial Business and Economics Review2353-88212016-06-014210.15678/EBER.2016.040203135The impact of green areas on dwelling prices: the case of Poznań cityRadosław Trojanek0Poznań University of Economics Objective: The objective of this paper is to estimate the impact of urban green areas on dwelling prices in Poznań. Research Design & Methods: In order to identify the influence of the green spaces on dwelling prices, the hedonic method was used. In the analysis, transaction prices of residential units in Poznań were used. Findings: The application of the log-linear model allows to identify the percentage difference in the price of the same dwelling located with different distances to green areas. In case of this research, the results indicates that increase the distance from green area by one kilometer lowered the price of a dwelling by 3% in Poznań in years 2013-2015. Implications & Recommendations: It is necessary to conduct research on impact of green areas on other types of properties. Different types of urban green areas may affect in different way. Contribution & Value Added: The originality of this work lies in studying some aspects of influence of green areas on dwelling prices in Poland. https://eber.uek.krakow.pl/index.php/eber/article/view/164urban green spacehedonic methods
spellingShingle Radosław Trojanek
The impact of green areas on dwelling prices: the case of Poznań city
Entrepreneurial Business and Economics Review
urban green space
hedonic methods
title The impact of green areas on dwelling prices: the case of Poznań city
title_full The impact of green areas on dwelling prices: the case of Poznań city
title_fullStr The impact of green areas on dwelling prices: the case of Poznań city
title_full_unstemmed The impact of green areas on dwelling prices: the case of Poznań city
title_short The impact of green areas on dwelling prices: the case of Poznań city
title_sort impact of green areas on dwelling prices the case of poznan city
topic urban green space
hedonic methods
url https://eber.uek.krakow.pl/index.php/eber/article/view/164
work_keys_str_mv AT radosławtrojanek theimpactofgreenareasondwellingpricesthecaseofpoznancity
AT radosławtrojanek impactofgreenareasondwellingpricesthecaseofpoznancity