House Values and Proximity to a Landfill in South Africa

Mario du Preez, Mehmet Balcilar, Aarifah Razak, Steven F. Koch and Rangan Gupta

Journal of Real Estate Literature, 2016, vol. 24, issue 1, 133-149

Abstract: In this paper, we explore the relation between proximity to a landfill and housing values in the Nelson Mandela Bay Metropole (NMBM), South Africa, extending the research by Du Preez and Lottering (2009), who found a negative relation. The results corroborate the findings of Du Preez and Lottering and indicate that the negative relation is most pronounced at the lowest and highest housing values. Specifically, house values increase by an average of ZAR19.0 or US$1.81 (0.2%) for every 100 meters away from the landfill. For the lowest 5% of house values, this increase is only 0.11% while at the top 5%, house values increase by 0.21%. This clearly demonstrates that “wealthier” owners stand to gain more by being situated further from landfills than “poorer” owners.

Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.2016.12090417 (text/html)
Access to full text is restricted to subscribers.

Related works:
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:taf:rjelxx:v:24:y:2016:i:1:p:133-149

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjel20

DOI: 10.1080/10835547.2016.12090417

Access Statistics for this article

Journal of Real Estate Literature is currently edited by Sophia Dermisi and Kimberly Winson

More articles in Journal of Real Estate Literature from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().