An economic estimate of the effect of a waterside location on property values

Guy Garrod and Ken Willis

Environmental & Resource Economics, 1994, vol. 4, issue 2, 209-217

Abstract: Since the rise of the railway, and the later development of road transport, the economic value of inland waterways in the UK as freight carriers has steadily declined. The reduction in the economic importance of canals has been somewhat offset by their growing popularity as a recreational resource, and by the amenity value which they provide to that part of the population living in close proximity to them. Focussing on two case study areas, this paper uses an hedonic price model to estimate the economic benefits which residents gain from a waterside location. These benefits may have important policy implications for those bodies who own undeveloped land bordering waterways. Copyright Kluwer Academic Publishers 1994

Keywords: Property values; hedonic price method; waterways (search for similar items in EconPapers)
Date: 1994
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Citations: View citations in EconPapers (11)

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DOI: 10.1007/BF00692204

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