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The Effects of Environmental Contamination on Real Estate: A Literature Review

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  • Thomas Jackson

Abstract

The literature reviewed in this article reflects the degree to which practitioners and academics are having difficulty in arriving at consistent findings as to the effect of environmental contamination on real estate. The valuation literature in this category deals with appraisal methods, but does not develop a consensus view. The empirical sales price literature is also inconsistent, with disagreement over the existence and magnitude of price impacts, persistence of these impacts and other issues. The article concludes by summarizing the results of these studies with respect to contamination source, effect on sales price, persistence and intervening factors such as strong or weak market conditions.

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  • Thomas Jackson, 2001. "The Effects of Environmental Contamination on Real Estate: A Literature Review," Journal of Real Estate Literature, Taylor & Francis Journals, vol. 9(2), pages 91-116, January.
    • Handle: RePEc:taf:rjelxx:v:9:y:2001:i:2:p:91-116
    DOI: 10.1080/10835547.2001.12090100
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    Cited by:

    1. Patrick J. Walsh & J. Walter Milon & David O. Scrogin, 2011. "The Spatial Extent of Water Quality Benefits in Urban Housing Markets," Land Economics, University of Wisconsin Press, vol. 87(4), pages 628-644.
    2. Zabel, Jeffrey & Guignet, Dennis, 2010. "A Hedonic Analysis of the Impact of LUST Sites on House Prices in Frederick, Baltimore, and Baltimore City Counties," National Center for Environmental Economics-NCEE Working Papers 280880, United States Environmental Protection Agency (EPA).
    3. Dennis Guignet & Rachel Northcutt & Patrick J. Walsh, 2015. "The Property Value Impacts of Groundwater Contamination: Agricultural Runoff and Private Wells," NCEE Working Paper Series 201505, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Nov 2015.

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