The impact of air pollution and noise on the real estate market. The case of the 2013 European Green Capital: Nantes, France

Rémy Le Boennec and Frédéric Salladarré

Ecological Economics, 2017, vol. 138, issue C, 82-89

Abstract: In this paper, we aim to demonstrate the way air pollution and noise may affect the well-being of the inhabitants of Nantes, France, designated the European Green Capital in 2013. We use a database compiling certain attributes of the houses that exchanged hands and their price. In order to understand the complex relationships that can exist between explanatory variables and housing price, we consider not only the direct effects of air pollution and noise on the price of around 3000 houses sold in Nantes and its metropolitan area from 2002 to 2008, but also the way some location attributes of the dwellings may affect air pollution and noise. We demonstrate that even if air pollution may be affected by some location characteristics of the house, this variable has no significant impact on the price, in the end. Noise is affected by the location of the house and exerts some significant effect on housing price. However, whilst air pollution does not impact at a global level, people who have lived in an air polluted county before coming to Nantes are sensitive to air quality, whereas those who come from a low air polluted county tend to choose low noise exposure dwellings.

Keywords: Air pollution; Noise pollution; Housing location; Housing price (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0921800916304712
Full text for ScienceDirect subscribers only

Related works:
Working Paper: The impact of air pollution and noise on the real estate market. The case of the 2013 European Green Capital: Nantes, France (2017)
Working Paper: The impact of air pollution and noise on the real estate market. The case of the 2013 European Green Capital: Nantes, France (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:138:y:2017:i:c:p:82-89

DOI: 10.1016/j.ecolecon.2017.03.030

Access Statistics for this article

Ecological Economics is currently edited by C. J. Cleveland

More articles in Ecological Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu (repec@elsevier.com).