Methods of Assessing Noise Nuisance of Real Estate Surroundings

Szopińska Kinga () and Krajewska Małgorzata ()
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Szopińska Kinga: Faculty of Civil and Environmental Engineering and Architecture, UTP University of Science and Technology in Bydgoszcz
Krajewska Małgorzata: Faculty of Civil and Environmental Engineering and Architecture, UTP University of Science and Technology in Bydgoszcz

Real Estate Management and Valuation, 2016, vol. 24, issue 1, 19-30

Abstract: Testing what factors create the market value of real estate is key information when preparing property valuations as well as other opinions and professional evaluations on the basis of which court verdicts or administrative decisions are made. One of the factors influencing the value of some real estate is the level of noise present in the surroundings, which can lead to the occurrence of noise nuisance negatively affecting social relations.Due to the fact that the analysis of the attractiveness of a location is the basis for properly determining the market value of real estate, the present article is dedicated to the methodology of assessing the noise nuisance of real estate surroundings. Four methods of assessment are proposed in the work: two of an objective nature, based on the measurements of noise and spatial analyses of data included in a strategic noise map, as well as two of a subjective nature, accounting for, among others, the individual perceptions of real estate users. The results of studies using the above methods can serve as a source of information on real estate as well as aid decision processes in the scope of real estate management. Theoretical deliberations were supported by a sample assessment of the noise nuisance of real estate surroundings carried out using two of the presented study methods.

Keywords: noise; methods of assessing noise nuisance; residential real estate; Poland (search for similar items in EconPapers)
JEL-codes: Q24 Q51 Q53 R31 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:remava:v:24:y:2016:i:1:p:19-30:n:2

DOI: 10.1515/remav-2016-0002

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