The impact of noise on the spatial distribution of real estate values: an analysis of the Barcelona residential market

Authors

  • C. Marmolejo Duarte
  • C. A. González Tamez

Keywords:

Contaminación acústica, valoraciones, precios hedónicos

Abstract

The authors see Noise as having become a major environmental price that contemporary societies
have to pay for living in densely urbanized environments.The impact of this externality upon the
quality life leads to a diminishing on the level of the household welfare and, consequently, to a
reduction in property values. Bu using hedonic pricing models (HP), a signifi cant number of studies
have assessed the impact of noise upon real estate values. They quote the meta-analysis made by
NAVRUD (2002) which demonstrated that for each dB of noise growth, the price of housing is reduced
on an average of 0.64%. In their paper, by using a geographically weighted HP model, which allows
for a considering of soft boundaries between submarkets while at the same time solving space
dependencies, the impact of noise upon a sample of multifamily housing in Barcelona is investigated.
While the results indicate that actual noise levels reduce the value attributed to dwelling space,
unlike other studies: 1) in Barcelona the noise depreciation sensibility index (NDSI) is lower and 2)
the willingness to pay, resulting from a contingent valuation is greater than the implicit price of
noise.

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Published

2010-06-22

How to Cite

Marmolejo Duarte, C., & González Tamez, C. A. (2010). The impact of noise on the spatial distribution of real estate values: an analysis of the Barcelona residential market. Ciudad Y Territorio Estudios Territoriales, 42(164), 211–232. Retrieved from https://recyt.fecyt.es/index.php/CyTET/article/view/75990

Issue

Vol. XLII, núm. 164 (2010)

Section

Articles

License

Copyright (c) 2010 C. Marmolejo Duarte, C. A. González Tamez

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