IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2010_021.html
   My bibliography  Save this paper

Objective Vs. Perceived Air-Pollution As A Factor Of Housing Pricing: A Case Study Of The Greater Haifa Metropolitan Area

Author

Listed:
  • Boris A. Portnov

Abstract

Sale prices of residential properties are not necessarily affected by objectively measured property attributes, but rather by attributes which sellers and buyers perceive as factual. To verify this assumption, we examined the effect of air pollution on market prices of 926 housing units sold between 1998 and 2007 in the Greater Haifa Metropolitan Area, Israel. First, we compared the ambient levels of SO2 and PM10 pollution, measured by air quality monitoring stations, with subjective evaluations of air pollution levels in the city neighborhoods, obtained via interviews of local residents. These two types of air pollution estimates were then used in the multivariate analysis as property price predictors. As found, subjective evaluations of local air quality performed significantly better in explaining the variation of local apartment prices than objectively measured air pollution levels.

Suggested Citation

  • Boris A. Portnov, 2010. "Objective Vs. Perceived Air-Pollution As A Factor Of Housing Pricing: A Case Study Of The Greater Haifa Metropolitan Area," ERES eres2010_021, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2010_021
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2010-021
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rivera, Nathaly M., 2021. "Air quality warnings and temporary driving bans: Evidence from air pollution, car trips, and mass-transit ridership in Santiago," Journal of Environmental Economics and Management, Elsevier, vol. 108(C).
    2. Mark P. Berkman & Kyle J. Hubbard & Timothy H. Savage, 2012. "The Adverse Impact of Particulate Matter on Property Values," International Real Estate Review, Global Social Science Institute, vol. 15(2), pages 215-230.
    3. Román Mínguez & José-María Montero & Gema Fernández-Avilés, 2013. "Measuring the impact of pollution on property prices in Madrid: objective versus subjective pollution indicators in spatial models," Journal of Geographical Systems, Springer, vol. 15(2), pages 169-191, April.
    4. Daxin Dong & Xiaowei Xu & Wen Xu & Junye Xie, 2019. "The Relationship Between the Actual Level of Air Pollution and Residents’ Concern about Air Pollution: Evidence from Shanghai, China," IJERPH, MDPI, vol. 16(23), pages 1-18, November.
    5. Nathaly M. Rivera, 2020. "Is Mining an Environmental Disamenity? Evidence from Resource Extraction Site Openings," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(3), pages 485-528, March.
    6. Zavadskas, Edmundas Kazimieras & Kaklauskas, Arturas & Bausys, Romualdas & Naumcik, Andrej & Ubarte, Ieva, 2021. "Integrated hedonic-utilitarian valuation of the built environment by neutrosophic INVAR method," Land Use Policy, Elsevier, vol. 101(C).
    7. Wang, Jianing & Lee, Chyi Lin, 2022. "The value of air quality in housing markets: A comparative study of housing sale and rental markets in China," Energy Policy, Elsevier, vol. 160(C).
    8. Ionica Oncioiu & Tatiana Dănescu & Maria-Alexandra Popa, 2020. "Air-Pollution Control in an Emergent Market: Does It Work? Evidence from Romania," IJERPH, MDPI, vol. 17(8), pages 1-15, April.

    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arz:wpaper:eres2010_021. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/eressea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.