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The Impact of Road Traffic Noise on Housing Prices – Case Study in Poland

Author

Listed:
  • Szopińska Kinga

    (Faculty of Civil and Environmental Engineering and ArchitectureUTP University of Science and Technology, Bydgoszcz, Poland)

  • Krajewska Małgorzata

    (Faculty of Civil and Environmental Engineering and ArchitectureUTP University of Science and Technology, Bydgoszcz, Poland)

  • Kwiecień Janusz

    (Faculty of Civil and Environmental Engineering and ArchitectureUTP University of Science and Technology, Bydgoszcz, Poland)

Abstract

Noise as a form of environmental pollution negatively affects the attractiveness of residential areas. Its adverse effect is particularly noticeable in the vicinity of roads with high traffic volume. Along with the dynamic development of roads, the problem of the impact of traffic noise on the prices of residential real estate is now common. The purpose of this article was to determine the impact of road traffic noise from a busy route on residential property prices using strategic noise map (SNM) resources as a source of information on real estate. Housing estate was identified in the area of the Polish city of Bydgoszcz. Assuming that the prices of real estate reflect its characteristics, the article attempts to verify the following hypothesis: for residential premises located at Kujawska St., noise is a feature that reduces their price. SNM resources, statistical analyses and econometric modelling were used in the research. The studies show that housing prices vary with acoustic zones, but differences in prices in the areas surveyed are not statistically significant. In addition, the undertaken research has shown that SNM resources can be a source of information on real estate, especially in the context of environmental factors.

Suggested Citation

  • Szopińska Kinga & Krajewska Małgorzata & Kwiecień Janusz, 2020. "The Impact of Road Traffic Noise on Housing Prices – Case Study in Poland," Real Estate Management and Valuation, Sciendo, vol. 28(2), pages 21-36, June.
    • Handle: RePEc:vrs:remava:v:28:y:2020:i:2:p:21-36:n:3
    DOI: 10.1515/remav-2020-0013
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    References listed on IDEAS

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    1. Vincenzo Del Giudice & Pierfrancesco De Paola & Benedetto Manganelli & Fabiana Forte, 2017. "The Monetary Valuation of Environmental Externalities through the Analysis of Real Estate Prices," Sustainability, MDPI, vol. 9(2), pages 1-16, February.
    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. Or Levkovich & Jan Rouwendal & Ramona Marwijk, 2016. "The effects of highway development on housing prices," Transportation, Springer, vol. 43(2), pages 379-405, March.
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    More about this item

    Keywords

    housing market; road traffic noise; strategic noise map; real estate value;
    All these keywords.

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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