Alternative Housing Development Strategies in Georgia's Coastal Marshlands
Coastal Georgia continues to experience extremely high population growth rates. People are attracted by coastal amenities, including pleasant views of the saltwater marshes. The real estate market has responded to population growth with a pattern of development that exhibits varying degrees of compatibility with the nearby marshland ecosystem. Among community leaders there is a need for information on development alternatives. Information has been generated from a hedonic price analysis that contains proximity to amenities and development design variables. We conclude that real estate developers have, under certain circumstances, an economic incentive to incorporate more open space in their design of residential subdivisions in marshland environments.
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- Elena G. Irwin, 2002. "The Effects of Open Space on Residential Property Values," Land Economics, University of Wisconsin Press, vol. 78(4), pages 465-480.
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