ROAD TRAFFIC AND THE VALUE OF HOUSING PROPERTIES

VEGTRAFIKK OG BOLIGPRISER

Average daily traffic volume has a significant impact on the market value of single family housing units alongside the road. This study estimates the decrease in value to be of the order 0.8% per 1000 ADT. The data used are sales price and property characteristics for 249 housing units sold in Oslo during January-May 1984. The analysis is done by standard regression technique on a hedonic price model for property values. The results are consistent with those obtained in other studies aimed at estimating the impact of road traffic noise on property values. Apart from giving a basis for estimating environmental costs of road traffic, the results of the study may also be used for public assessment of property values.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/8271334980
• Corporate Authors:

  Norwegian Institute of Transport Economics

  Gransesvingen 7, P.O. Box 6110, Etterstad
  Oslo,   Norway  N-0602
• Authors:
  • Larsen, O I
• Publication Date: 1985-7

Media Info

• Pagination: 37 p.

Subject/Index Terms

• TRT Terms: Average daily traffic; Households; Property values; Regression analysis; Residential areas
• Subject Areas: Data and Information Technology; Economics; Highways; Society; I10: Economics and Administration;

Filing Info

• Accession Number: 00457114
• Record Type: Publication
• Source Agency: National Technical Information Service
• ISBN: 82-7133-498-0
• Files: TRIS
• Created Date: Jul 31 1987 12:00AM