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The Influence of Traffic Noise on Apartment Prices on the Example of a European Urban Agglomeration

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  • Agnieszka Szczepańska

    (Institute of Geography and Land Management, University of Warmia and Mazury in Olsztyn, Prawocheńskiego 15, 10-724 Olsztyn, Poland)

  • Adam Senetra

    (Institute of Geography and Land Management, University of Warmia and Mazury in Olsztyn, Prawocheńskiego 15, 10-724 Olsztyn, Poland)

  • Monika Wasilewicz-Pszczółkowska

    (Institute of Geography and Land Management, University of Warmia and Mazury in Olsztyn, Prawocheńskiego 15, 10-724 Olsztyn, Poland)

Abstract

Traffic noise is one of the key determinants of apartment prices. The real estate market is highly sensitive to adverse environmental factors, which explains significant variations in apartment prices. The aim of this study was to identify the correlations between traffic noise levels and the prices of apartments traded on a local real estate market. The study analyzed three residential districts in the city of Olsztyn in north-eastern Poland. The database covered 5259 transactions concluded in 2005–2018. The collected data were standardized in terms of technical and functional parameters, and noise was the key factor differentiating the evaluated property. The relationships between the explained variable (apartment price) and the explanatory variable (traffic noise) were determined by linear correlation analysis. A negative correlation was noted, which confirms that a building’s location relative to the road network and, consequently, the level of traffic noise, is one of the factors that play a role in the potential buyers’ choice of property. The results of the study also indicate that the impact of traffic noise on the decisions made by real estate buyers continued to decrease in the analyzed period. Infrastructure projects in the city (construction of tramway lines and a ring road) have visibly reversed the previously observed trends and have decreased the strength of the above correlations in the evaluated residential districts. The values of the correlation coefficient were stabilized below the level noted in earlier stages of the analysis after the completion of the major infrastructure projects.

Suggested Citation

  • Agnieszka Szczepańska & Adam Senetra & Monika Wasilewicz-Pszczółkowska, 2020. "The Influence of Traffic Noise on Apartment Prices on the Example of a European Urban Agglomeration," Sustainability, MDPI, vol. 12(3), pages 1-14, January.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:3:p:801-:d:311765
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    References listed on IDEAS

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    1. Michael Getzner & Barbara Färber & Claudia Yamu, 2016. "2D Versus 3D: The Relevance of the Mode of Presentation for the Economic Valuation of an Alpine Landscape," Sustainability, MDPI, vol. 8(6), pages 1-16, June.
    2. Mats Wilhelmsson, 2000. "The Impact of Traffic Noise on the Values of Single-family Houses," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 43(6), pages 799-815.
    3. Marcel A. J. Theebe, 2004. "Planes, Trains, and Automobiles: The Impact of Traffic Noise on House Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 28(2_3), pages 209-234, March.
    4. Aaron Swoboda & Tsegaye Nega & Maxwell Timm, 2015. "Hedonic Analysis Over Time And Space: The Case Of House Prices And Traffic Noise," Journal of Regional Science, Wiley Blackwell, vol. 55(4), pages 644-670, September.
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    Cited by:

    1. Agnieszka Jaszczak & Natalia Małkowska & Katarina Kristianova & Sebastian Bernat & Ewelina Pochodyła, 2021. "Evaluation of Soundscapes in Urban Parks in Olsztyn (Poland) for Improvement of Landscape Design and Management," Land, MDPI, vol. 10(1), pages 1-26, January.
    2. Guillermo Rey Gozalo & Enrique Suárez & Alexandra L. Montenegro & Jorge P. Arenas & Juan Miguel Barrigón Morillas & David Montes González, 2020. "Noise Estimation Using Road and Urban Features," Sustainability, MDPI, vol. 12(21), pages 1-18, November.
    3. Hanli Chen & Yu Zhang & Ningxin Zhang & Man Zhou & Heping Ding, 2022. "Analysis on the Spatial Effect of Infrastructure Development on the Real Estate Price in the Yangtze River Delta," Sustainability, MDPI, vol. 14(13), pages 1-22, June.
    4. Zhengzhen Tan & Siqi Zheng & Juan Palacios & Carl Hooks, 2021. "Market Adoption of Healthy Buildings in the Office Sector: A Global Study from the Owner's Perspective," International Real Estate Review, Global Social Science Institute, vol. 24(2), pages 253-292.
    5. Siham El Yamani & Rafika Hajji & Gilles-Antoine Nys & Mohamed Ettarid & Roland Billen, 2021. "3D Variables Requirements for Property Valuation Modeling Based on the Integration of BIM and CIM," Sustainability, MDPI, vol. 13(5), pages 1-22, March.
    6. Cyprian Chwiałkowski & Adam Zydroń & Dariusz Kayzer, 2022. "Assessing the Impact of Selected Attributes on Dwelling Prices Using Ordinary Least Squares Regression and Geographically Weighted Regression: A Case Study in Poznań, Poland," Land, MDPI, vol. 12(1), pages 1-20, December.

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