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How the Environment Affects the Residential Property Values?

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Occupational and Environmental Safety and Health II

Part of the book series: Studies in Systems, Decision and Control ((SSDC,volume 277))

Abstract

The growth of the World’s population has been followed by the reinforcement of the population living in urban areas, which very often results in additional stress over space, ecosystems, infrastructures, facilities and the way of life. Domestic and industrial sources, and mainly motorized traffic are responsible for pollutant emissions and noise which decisively affects the living in today’s cities. Besides the impact caused to the quality of life of the urban citizens and public health, the urban noise and the air pollution contribute negatively to the values of the properties that, due to the location, are more affected by this kind of urban pollution. How we can assess the environmental impacts on residential property values? High noise levels and fair air quality is negatively correlated with health issues risk and housing price. Saying so, it is expectable the establishment of a correlation between the noise and the air pollution and the market value of the residential property. The main objective of this paper is to reflect on the implications of urban environmental quality on people's quality of life and consequently on the quality of places. This theoretical discussion, based on applied case studies, aims to contribute to a better understanding of an important question: How much is a family willing to spend on the various environmental attributes of a residential property?

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Author information

Authors and Affiliations

  1. Department of Civil Engineering, University of Minho, Guimarães, Portugal

    L. T. Silva

  2. School of Sciences and Technology, UTAD, Vila Real, Portugal

    C. Reis

  3. Department of Civil Engineering, Polytechnic Viana Do Castelo, Viana do Castelo, Portugal

    C. Oliveira & J. F. Silva

  4. CTAC, University of Minho, Guimarães, Portugal

    L. T. Silva

  5. Faculty of Engineering (FEUP), CONSTRUCT LFC, University of Porto, Porto, Portugal

    C. Reis

  6. Faculty of Engineering (FEUP), INEGI, University of Porto, Porto, Portugal

    C. Oliveira

  7. PROMETHEUS, IPVC, Viana do Castelo, Portugal

    J. F. Silva

Authors
  1. L. T. Silva
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  2. C. Reis
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  3. C. Oliveira
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  4. J. F. Silva
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Corresponding author

Correspondence to L. T. Silva .

Editor information

Editors and Affiliations

  1. Department of Production and Systems, School of Engineering, University of Minho, Guimarães, Portugal

    Pedro M. Arezes

  2. Department of Mining Engineering, Engineering Faculty, University of Porto, Porto, Portugal

    J. Santos Baptista

  3. Department of Production and Systems, School of Engineering, University of Minho, Guimarães, Portugal

    Mónica P. Barroso

  4. Department of Production and Systems, School of Engineering, University of Minho, Guimarães, Portugal

    Paula Carneiro

  5. Department of Production and Systems, School of Engineering, University of Minho, Guimarães, Portugal

    Patrício Cordeiro

  6. Department of Production and Systems, School of Engineering, University of Minho, Guimarães, Portugal

    Nélson Costa

  7. Faculty of Human Kinetics, University of Lisbon, Cruz Quebrada–Dafundo, Portugal

    Rui B. Melo

  8. Department of Production and Systems, School of Engineering, University of Minho, Guimarães, Portugal

    A. Sérgio Miguel

  9. Faculty of Engineering, University of Porto, Porto, Portugal

    Gonçalo Perestrelo

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Silva, L.T., Reis, C., Oliveira, C., Silva, J.F. (2020). How the Environment Affects the Residential Property Values?. In: Arezes, P., et al. Occupational and Environmental Safety and Health II. Studies in Systems, Decision and Control, vol 277. Springer, Cham. https://doi.org/10.1007/978-3-030-41486-3_79

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  • DOI: https://doi.org/10.1007/978-3-030-41486-3_79

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-41485-6

  • Online ISBN: 978-3-030-41486-3

  • eBook Packages: EngineeringEngineering (R0)

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