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The Effect of Proximity to Cellular Sites on Housing Prices in Israel

Author

Listed:
  • Elad Demalach

    () (Bank of Israel)

  • David Genesove

    () (Hebrew University of Jerusalem)

  • Asaf Zussman

    () (Hebrew University of Jerusalem)

  • Noam Zussman

    () (Bank of Israel)

Abstract

Since the beginning of the 21st century, there has been increasing deployment of cellular antennas in Israel. Such sites may have negative effects on housing prices, due to concern over radiation damage and visual obstruction. This study systematically examines this issue in Israel for the first time, using data on residential transactions and detailed information from the Ministry of Environmental Protection on the deployment of cellular antennas. Housing prices were estimated through hedonic and repeated sales methods that take into account a potential selection bias in the placement of antennas. Cellular antennas were found to have no statistically significant effect on housing prices. The estimates remained insignificant even for proximity to pole antennas, which are naturally more visible.

Suggested Citation

  • Elad Demalach & David Genesove & Asaf Zussman & Noam Zussman, 2016. "The Effect of Proximity to Cellular Sites on Housing Prices in Israel," Bank of Israel Working Papers 2016.14, Bank of Israel.
  • Handle: RePEc:boi:wpaper:2016.14
    as

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    File URL: ftp://repec-boi.northeurope.cloudapp.azure.com/RePEc/boi/wpaper/WP_2016.14.pdf
    File Function: First version, 2016
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    References listed on IDEAS

    as
    1. Olga Filippova & Michael Rehm, 2011. "The impact of proximity to cell phone towers on residential property values," International Journal of Housing Markets and Analysis, Emerald Group Publishing, vol. 4(3), pages 244-267, August.
    2. Mundlak, Yair, 1978. "On the Pooling of Time Series and Cross Section Data," Econometrica, Econometric Society, vol. 46(1), pages 69-85, January.
    3. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    4. Sebastian Brandt & Wolfgang Maennig, 2012. "Perceived Externalities of Cell Phone Base Stations: The Case of Property Prices in Hamburg, Germany," Environment and Planning A, , vol. 44(2), pages 396-410, February.
    5. Stephen L. Locke & Glenn C. Blomquist, 2016. "The Cost of Convenience: Estimating the Impact of Communication Antennas on Residential Property Values," Land Economics, University of Wisconsin Press, vol. 92(1), pages 131-147.
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