Housing Density and the Effect of Proximity to Public Open Space in Aberdeen, Scotland
Abstract
We consider whether public recreational open space is a substitute for private open space by testing whether price effects from proximity to an urban park are increasing in housing density. Aberdeen, Scotland features three owner-occupied residential property types: detached housing, nondetached housing and flats. We examine property sales within 800 m of five city parks. We find flat prices increase with additional proximity to parks, but there are generally no price effects from park proximity for lower density housing types. The results suggest that open space policy must consider the scale and density of surrounding urban development. Copyright 2006 American Real Estate and Urban Economics AssociationDownload Info
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Bibliographic Info
Article provided by American Real Estate and Urban Economics Association in its journal Real Estate Economics.
Volume (Year): 34 (2006)
Issue (Month): 4 (December)
Pages: 553-566
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Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Cervero, Robert & Kang, Junhee & Shively, Kevin, 2009. "From elevated freeways to surface boulevards: neighborhood and housing price impacts in San Francisco," University of California Transportation Center, Working Papers qt33q2012g, University of California Transportation Center.
- Carolyn A. Dehring & Craig A. Depken, II & Michael R. Ward, 2006.
"The Impact of Stadium Announcements on Residential Property Values: Evidence from a Natural Experiment in Dallas-Fort Worth,"
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0616, International Association of Sports Economists & North American Association of Sports Economists.
- Carolyn A. Dehring & Craig A. Depken & Michael R. Ward, 2007. "The Impact Of Stadium Announcements On Residential Property Values: Evidence From A Natural Experiment In Dallas-Fort Worth," Contemporary Economic Policy, Western Economic Association International, vol. 25(4), pages 627-638, October.
- Craig A. Depken & Michael R. Ward & Carolyn A. Dehring, 2006. "The Impact of Stadium Announcements on Residential Property Values: Evidence from a Natural Experiment in Dallas-Fort Worth," Working Papers 0602, University of Texas at Arlington, Department of Economics.
- Kang, Chang Deok & Cervero, Robert, 2008. "From Elevated Freeway to Linear Park: Land Price Impacts of Seoul, Korea's CGC Project," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt81r021w2, Institute of Transportation Studies, UC Berkeley.
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