Does fear of crime affect apartment prices?
AbstractEvidence shows that crime affects housing prices. However, whether fear of crime impacts equally on prices of properties is an issue little investigated in the international literature. In this article we assess the impact of perceived safety on housing prices in the city of Stockholm, capital of Sweden. The study uses data over apartment sales and responses of 2008â€šÃ„Ã´s Stockholm Safety Survey aggregated by parishes. The effect of perceived safety is assessed using hedonic pricing modelling controlling for a number of land use covariates using Geographical Information System (GIS). The paper finalises with a discussion of the key findings of study.
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Bibliographic InfoPaper provided by European Regional Science Association in its series ERSA conference papers with number ersa10p1012.
Date of creation: Sep 2011
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- Steve Gibbons, 2003.
"The Costs of Urban Property Crime,"
CEP Discussion Papers
dp0574, Centre for Economic Performance, LSE.
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- Marko Kryvobokov & Mats Wilhelmsson, 2007. "Analysing location attributes with a hedonic model for apartment prices in Donetsk, Ukraine," International Journal of Strategic Property Management, Taylor and Francis Journals, vol. 11(3), pages 157-178, June.
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