IDEAS home Printed from https://ideas.repec.org/a/gam/jlands/v12y2023i9p1725-d1233228.html
   My bibliography  Save this article

Does Urban Green Infrastructure Increase the Property Value? The Example of Magdeburg, Germany

Author

Listed:
  • Tino Fauk

    (Department Water, Environment, Civil Engineering and Safety, Magdeburg-Stendal University of Applied Sciences, Breitscheidstr. 2, D-39114 Magdeburg, Germany)

  • Petra Schneider

    (Department Water, Environment, Civil Engineering and Safety, Magdeburg-Stendal University of Applied Sciences, Breitscheidstr. 2, D-39114 Magdeburg, Germany)

Abstract

Are there any correlations between land use and the associated prices charged for the soil? What is the significance of green infrastructure and what is the significance of public facilities and transport? For the analysis of the data, various methods of factor reduction and analysis were used to identify a multiple regression model that explained the price building. An effect was found between the pricing of the standard land reference value (SLRV), number of trees and distance to allotments. Summarizing the results, less than 231 trees in an SLRV zone causes an SLRV increase, the opposite is the case with a larger number of trees. The more accessible an allotment garden is (in terms of distance <421 m), the lower the SLV in the adjacent area. If the distance that must be covered to the allotment garden increases, the SLRV of the area increases. However, a more significant influence on the SLRV was concluded by the market economy variables. In summary, the present study indicates that (a) a uniform evaluation matrix for the SLRV should be created, and (b) the present subjective land assessments by the relevant experts should be complemented through targeting further training in the ecologically oriented planning context.

Suggested Citation

  • Tino Fauk & Petra Schneider, 2023. "Does Urban Green Infrastructure Increase the Property Value? The Example of Magdeburg, Germany," Land, MDPI, vol. 12(9), pages 1-27, September.
    • Handle: RePEc:gam:jlands:v:12:y:2023:i:9:p:1725-:d:1233228
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2073-445X/12/9/1725/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2073-445X/12/9/1725/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Allen Lynch & David Rasmussen, 2001. "Measuring the impact of crime on house prices," Applied Economics, Taylor & Francis Journals, vol. 33(15), pages 1981-1989.
    2. Heike Hanhörster & Isabel Ramos Lobato, 2021. "Migrants’ Access to the Rental Housing Market in Germany: Housing Providers and Allocation Policies," Urban Planning, Cogitatio Press, vol. 6(2), pages 7-18.
    3. Austin Boyle & Charles Barrilleaux & Daniel Scheller, 2014. "Does Walkability Influence Housing Prices?," Social Science Quarterly, Southwestern Social Science Association, vol. 95(3), pages 852-867, September.
    4. Song, Yan & Knaap, Gerrit-Jan, 2004. "Measuring the effects of mixed land uses on housing values," Regional Science and Urban Economics, Elsevier, vol. 34(6), pages 663-680, November.
    5. Anderson, Soren T. & West, Sarah E., 2006. "Open space, residential property values, and spatial context," Regional Science and Urban Economics, Elsevier, vol. 36(6), pages 773-789, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cheshire, Paul, 2009. "Urban land markets and policy failures," LSE Research Online Documents on Economics 30837, London School of Economics and Political Science, LSE Library.
    2. Pia Nilsson, 2017. "Are valuations of place-based amenities driven by scale?," Housing Studies, Taylor & Francis Journals, vol. 32(4), pages 449-469, May.
    3. Bo-sin Tang & Kwan To Wong, 2020. "Assessing externality: Successive event studies on market impacts of new housing development on an old residential neighbourhood," Environment and Planning B, , vol. 47(1), pages 156-173, January.
    4. vom Hofe, Rainer & Mihaescu, Oana & Boorn, Mary Lynne, 2017. "Do urban parks really benefit homeowners economically? Evidence from a spatial hedonic study of the Cincinnati park system," HUI Working Papers 122, HUI Research.
    5. Olivier Parent & Rainer Hofe, 2013. "Understanding the impact of trails on residential property values in the presence of spatial dependence," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 51(2), pages 355-375, October.
    6. Thomas Y. Mathä & Alessandro Porpiglia & Michael Ziegelmeyer, 2014. "Wealth differences across borders and the effect of real estate price dynamics: Evidence from two household surveys," BCL working papers 90, Central Bank of Luxembourg.
    7. Omer Dogan & Jaewon Han & Sugie Lee, 2021. "Opening Gated Communities and Neighborhood Accessibility Benefits: The Case of Seoul, Korea," IJERPH, MDPI, vol. 18(8), pages 1-15, April.
    8. Cheshire, Paul, 2009. "Policies for mixed communities: faith-based displacement activity?," LSE Research Online Documents on Economics 30783, London School of Economics and Political Science, LSE Library.
    9. Tian, Li & Liang, Yinlong & Zhang, Bo, 2017. "Measuring residential and industrial land use mix in the peri-urban areas of China," Land Use Policy, Elsevier, vol. 69(C), pages 427-438.
    10. Ilir Nase & Jim Berry & Alastair Adair, 2016. "Impact of quality-led design on real estate value: a spatiotemporal analysis of city centre apartments," Journal of Property Research, Taylor & Francis Journals, vol. 33(4), pages 309-331, October.
    11. Joaquín Delgado & Giovanni Wences, 2020. "A hedonic approach to the valuation of the effect of criminal violence on housing prices in Acapulco City," Empirical Economics, Springer, vol. 59(6), pages 2999-3018, December.
    12. Kevin Credit & Elizabeth Mack, 2019. "Place-making and performance: The impact of walkable built environments on business performance in Phoenix and Boston," Environment and Planning B, , vol. 46(2), pages 264-285, February.
    13. Liu, Jixiang & Xiao, Longzhu, 2023. "Non-linear relationships between built environment and commuting duration of migrants and locals," Journal of Transport Geography, Elsevier, vol. 106(C).
    14. Polyakov, Maksym & Iftekhar, Md Sayed & Fogarty, James & Buurman, Joost, 2022. "Renewal of waterways in a dense city creates value for residents," Ecological Economics, Elsevier, vol. 199(C).
    15. John F. Chamblee & Peter F. Colwell & Carolyn A. Dehring & Craig A. Depken, 2011. "The Effect of Conservation Activity on Surrounding Land Prices," Land Economics, University of Wisconsin Press, vol. 87(3), pages 453-472.
    16. Mai, Nhat Chi, 2018. "도이모이 이후 베트남의 주거 이동, 선택, 가격 결정요인 연구: 호치민시 사례 중심으로," OSF Preprints 6kdfy, Center for Open Science.
    17. Wouter Vermeulen & Jan Rouwendal, 2008. "Urban Expansion or Clustered Deconcentration?," Tinbergen Institute Discussion Papers 08-043/3, Tinbergen Institute.
    18. Sanglim Yoo & John E. Wagner, 2016. "A review of the hedonic literatures in environmental amenities from open space: a traditional econometric vs. spatial econometric model," International Journal of Urban Sciences, Taylor & Francis Journals, vol. 20(1), pages 141-166, March.
    19. Hans R.A. Koster & Jan Rouwendal, 2012. "The Impact Of Mixed Land Use On Residential Property Values," Journal of Regional Science, Wiley Blackwell, vol. 52(5), pages 733-761, December.
    20. Mejia-Dorantes, Lucia & Lucas, Karen, 2014. "Public transport investment and local regeneration: A comparison of London׳s Jubilee Line Extension and the Madrid Metrosur," Transport Policy, Elsevier, vol. 35(C), pages 241-252.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jlands:v:12:y:2023:i:9:p:1725-:d:1233228. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.