Property Prices and Exposure to Multiple Noise Sources: Hedonic Regression with Road and Railway Noise |
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| Authors: | Henrik Andersson Lina Jonsson Mikael Ögren |
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| Affiliation: | (1) Centre for Social and Economic Research on the Global Environment, School of Environmental Sciences, University of East Anglia, Norwich, NR4 7TJ, UK;(2) Centre for Environmental Risk, School of Environmental Sciences, University of East Anglia, Norwich, NR4 7TJ, UK |
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| Abstract: | This study examines the effect of road and railway noise on property prices. It uses the hedonic regression technique on a Swedish data set that contains information about both road and railway noise for each property, and finds that road noise has a larger negative impact on the property prices than railway noise. This is in line with the evidence from the acoustical literature which has shown that individuals are more disturbed by road than railway noise, but contradicts recent results from a hedonic study on data of the United Kingdom. |
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