The Announcement Effect of an Airport Expansion on Housing Prices

被引：0
|
作者：
G. Donald Jud
Daniel T. Winkler
机构：
[1] University of North Carolina—Greensboro,Bryan School of Business & Economics
来源：
The Journal of Real Estate Finance and Economics | 2006年 / 33卷
关键词：
Airport noise; Aircraft noise; Property values; Housing prices; Residential property;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
The purpose of this study is to examine the influence of the announcement of a new airport hub on housing prices near the airport. While numerous studies of airport noise have found that high noise levels reduce property values, few have been able to measure the announcement effect on values. The results indicate that after controlling to extraneous influences, housing property prices in a 2.5 mile band from the Greensboro/High Point/Winston Salem metropolitan airport declined approximately 9.2% in the post-announcement period. In the next 1.5-mile band, house prices declined approximately 5.7% in the post-announcement period.
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页码：91 / 103
页数：12
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