Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 403652
Title Spatial planning procedures and property prices: The role of expectations
Author(s) Cotteleer, G.; Peerlings, J.
Source Landscape and Urban Planning 100 (2011)1-2. - ISSN 0169-2046 - p. 77 - 86.
Department(s) Environmental Economics and Natural Resources Group
Agricultural Economics and Rural Policy Group
Publication type Refereed Article in a scientific journal
Publication year 2011
Keyword(s) family house prices - open space - land-use - functional form - urban forest - values - amenities - portland - choice - model
Abstract The objective of this paper is to show if, and to what extent, spatial planning procedures affect residential property prices. To answer this question we used data on residential property prices from an area in the Netherlands called Midden-Delfland. In this area policy plans and decisions on the construction of the highway A4 have been made since the 1960s. However, the plans have yet to be executed. The data we used are from the period 1996 to 2006. Using a hedonic pricing method we were able to investigate the effect of the policy plans and decisions made on property prices in this period. When the construction plans seemed to be rather definitive, sellers and buyers on the market for residential properties wanted to pay significantly lower prices for properties in close proximity to the planned A4. However, if plans fell apart, because of protests or other reasons, the prices sellers and buyers wanted to pay were insignificantly affected by the proximity to the planned A4. Outcomes of this research could be used to develop efficient compensation schemes helping to reduce resistance against large infrastructural plans
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