Bibtex export
@article{ Vor2010,
title = {The impact of industrial sites on residential property values: a hedonic pricing analysis from the Netherlands},
author = {Vor, Friso de and Groot, Henri de},
journal = {Regional Studies},
number = {5},
pages = {609-623},
volume = {45},
year = {2010},
doi = {https://doi.org/10.1080/00343401003601925},
urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-250556},
abstract = {Industrial sites cause several negative externalities, such as traffic noise disturbance, congestion, and obstruction of view. In order to quantify the negative effects generated by industrial sites, we estimate – using a hedonic pricing model – the impact of distance to industrial sites on residential property values. We use data on houses sold in the Randstad region and in the Province of North-Brabant (both located in the Netherlands) in the year 2005, together with data on the characteristics of a substantial number of industrial sites in the same regions and period. The results reveal that the distance to an industrial site has a statistically significant negative effect on the value of residential properties. However, the effect is largely localized within a relatively short distance from the nearest industrial site. Furthermore, we obtain statistical evidence for substantial localized price differentials, which vary according to the size of an industrial site.},
}