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The value of a neighborhood street with reference to the cul-de-sac

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Abstract

This article provides empirical evidence from Halifax, Nova Scotia, confirming the view that the type of neighborhood street can affect home values. The study identifies two categories of streets-the cul-de-sac and the grid-and measures their impacts on home value. The hypothesis that the cul-de-sac would attract premium values was supported by the study. In this study, the cul-de-sac generated a 29 percent price premium over the grid street pattern. The study concludes with a discussion of planning and development implications.

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Authors and Affiliations

  1. Department of Legal and Real Estate Studies, Temple University, 19122, Philadelphia, PA, USA

    Paul K. Asabere (Associate Professor of Real Estate)

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  1. Paul K. Asabere
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Asabere, P.K. The value of a neighborhood street with reference to the cul-de-sac. J Real Estate Finan Econ 3, 185–193 (1990). https://doi.org/10.1007/BF00216591

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