How do homebuyers value different types of green space?

Bark, Rosalind H. ORCID:, Osgood, Daniel E., Colby, Bonnie G. and Halper, Eve B. (2011) How do homebuyers value different types of green space? Journal of Agricultural and Resource Economics, 36 (2). pp. 395-415. ISSN 1068-5502

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It is important to understand tradeoffs in preferences for natural and constructed green space in semi-arid urban areas because these lands compete for scarce water resources. We perform a hedonic study using high resolution, remotely-sensed vegetation indices and house sales records. We find that homebuyers in the study area prefer greener lots, greener neighborhoods, and greener nearby riparian corridors, and they pay premiums for proximity to green space amenities. The findings have fundamental implications for the efficient allocation of limited water supplies between different types of green space and for native vegetation conservation in semi-arid metropolitan areas.

Item Type: Article
Uncontrolled Keywords: golf course,hedonic model,locally weighted regression,open space,park,riparian,spatial,animal science and zoology,agronomy and crop science,economics and econometrics,sdg 11 - sustainable cities and communities ,/dk/atira/pure/subjectarea/asjc/1100/1103
Faculty \ School: Faculty of Science > School of Environmental Sciences
UEA Research Groups: Faculty of Science > Research Groups > Environmental Social Sciences
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Depositing User: LivePure Connector
Date Deposited: 18 Nov 2021 01:57
Last Modified: 06 Sep 2023 15:30

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