Does Urban Green Infrastructure Increase the Property Value? The Example of Magdeburg, Germany

Tino Fauk and Petra Schneider ()
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Tino Fauk: Department Water, Environment, Civil Engineering and Safety, Magdeburg-Stendal University of Applied Sciences, Breitscheidstr. 2, D-39114 Magdeburg, Germany
Petra Schneider: Department Water, Environment, Civil Engineering and Safety, Magdeburg-Stendal University of Applied Sciences, Breitscheidstr. 2, D-39114 Magdeburg, Germany

Land, 2023, vol. 12, issue 9, 1-27

Abstract: Are there any correlations between land use and the associated prices charged for the soil? What is the significance of green infrastructure and what is the significance of public facilities and transport? For the analysis of the data, various methods of factor reduction and analysis were used to identify a multiple regression model that explained the price building. An effect was found between the pricing of the standard land reference value (SLRV), number of trees and distance to allotments. Summarizing the results, less than 231 trees in an SLRV zone causes an SLRV increase, the opposite is the case with a larger number of trees. The more accessible an allotment garden is (in terms of distance <421 m), the lower the SLV in the adjacent area. If the distance that must be covered to the allotment garden increases, the SLRV of the area increases. However, a more significant influence on the SLRV was concluded by the market economy variables. In summary, the present study indicates that (a) a uniform evaluation matrix for the SLRV should be created, and (b) the present subjective land assessments by the relevant experts should be complemented through targeting further training in the ecologically oriented planning context.

Keywords: urban green infrastructure; property value; ecosystem services; multiple regression; standard land reference value (search for similar items in EconPapers)
JEL-codes: Q15 Q2 Q24 Q28 Q5 R14 R52 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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