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L'impact des friches industrielles sur les valeurs immobilières : une application de la méthode des prix hédoniques à l'arrondissement de Lens (Nord – Pas de Calais)

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  • Gwénaël Letombe
  • Bertrand Zuindeau

Abstract

The aim of this article is to assess the impact of derelict land on real property values of proximity. With this intention, we have recourse to the hedonic pricing method, of which the use with the field of the monetary evaluation of the environmental damage goes back to the end of the Sixties. The use of this method for the particular case of the derelict lands can be regarded as original. After a first part presenting the characteristics of the method, we consider an application to the territory of the district of Lens (Nord - Pas-de-Calais). Several models are tested, most interesting seeming to us to be those which integrate the effective distance into the derelict land or the possible existence of a sight on the derelict land. The results are completely significant : for example, with the model « view on the derelict land », we evaluate to 10 % approximately, the negative impact of the derelict land on the value of a house having the average characteristics. Classification JEL : D62, R21.

Suggested Citation

  • Gwénaël Letombe & Bertrand Zuindeau, 2001. "L'impact des friches industrielles sur les valeurs immobilières : une application de la méthode des prix hédoniques à l'arrondissement de Lens (Nord – Pas de Calais)," Revue d'économie régionale et urbaine, Armand Colin, vol. 0(4), pages 605-624.
    • Handle: RePEc:cai:rerarc:reru_014_0605
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    Citations

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    Cited by:

    1. Tuffery, Laetitia, 2017. "The recreational services value of the nearby periurban forest versus the regional forest environment," Journal of Forest Economics, Elsevier, vol. 28(C), pages 33-41.
    2. Papon, Francis & Nguyen-Luong, Dany & Boucq, Elise, 2015. "Should any new light rail line provide real estate gains, or not? The case of the T3 line in Paris," Research in Transportation Economics, Elsevier, vol. 49(C), pages 43-54.
    3. Laetitia Tuffery, 2016. "The recreational services value of the nearest periurban forest versus the global forest environment," Documents de recherche 16-06, Centre d'Études des Politiques Économiques (EPEE), Université d'Evry Val d'Essonne.

    More about this item

    Keywords

    hedonic prices; environment; housing market; damage; assessment; derelict land;
    All these keywords.

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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