The effect of road traffic on residential property values : a literature review and hedonic pricing study.

Author(s)
Bateman, I. Day, B. Lake, I. & Lovett, A.
Year
Abstract

Part 1 of the Land Compensation (Scotland) Act 1973 is outlined and the current compensation procedures are described. The concepts underlying the economist's understanding of the property market are explained. The analytical approaches that can be used by researchers to investigate the impact of changes in environmental amenities on prices and values are outlined and details are given of the hedonic price technique. Empirical applications of the hedonic price technique are reported (validation of noise, vibration pollution and air pollution) and the results from the hedonic pricing study used to calculate the impact of road noise on property prices are presented. Ways in which the current compensation procedures can be altered are described.

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Publication

Library number
C 28147 [electronic version only] /10 /15 /72 / ITRD E120144
Source

Edinburgh, Scottish Executive, 2001, 207 p., 137 ref.; Transport Research Series - ISSN 0950-2254 / ISBN 0-7559-0055-3

Our collection

This publication is one of our other publications, and part of our extensive collection of road safety literature, that also includes the SWOV publications.