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Park proximity, crime and apartment prices
KTH.
2018 (English)In: International Journal of Housing Markets and Analysis, ISSN 1753-8270, E-ISSN 1753-8289, Vol. 11, no 4, p. 669-686Article in journal (Refereed) Published
Abstract [en]

Purpose

There is a lack of understanding in the literature on the relation between parks and house price in relation to crime in Scandinavian context. This paper aims to investigate the effect of the amenity value of accessibility to parks on apartment prices with reference to crime rates in parks in Stockholm.

Design/methodology/approach

This paper analyses the effects of park proximity and crime in parks on apartment prices by using geographic information systems and hedonic modelling.

Findings

Findings show that the proximity of parks as an environmental amenity has an effect on apartment prices. The results also demonstrate that the impact of parks on apartment prices is different in the different segments of the apartment market in Stockholm. Moreover, various types of parks may differ in their impact, for instance, grass parks and park blocks are more desirable in Stockholm than landscape parks and neighbourhood parks. The effects of crimes in parks influence apartment prices negatively.

Originality/value

This paper provides a new methodology by using the shortest distance to a park as a main variable. The shortest distance to a park variable is considered a better choice than using park as an aggregate measure. To the best of the author's knowledge, this is the first study that investigates the effect of specific park types, for instance, grass parks, neighbourhood parks, landscape parks and park blocks, in Stockholm housing market.

Place, publisher, year, edition, pages
Emerald Group Publishing Limited, 2018. Vol. 11, no 4, p. 669-686
Keywords [en]
Crime, GIS (geographic information systems), Hedonic prices, Stockholm, Distance to park, Parks, Economics, Nationalekonomi
National Category
Civil Engineering Economics and Business
Identifiers
URN: urn:nbn:se:hig:diva-31230DOI: 10.1108/IJHMA-04-2017-0035OAI: oai:DiVA.org:hig-31230DiVA, id: diva2:1376441
Available from: 2019-12-09 Created: 2019-12-09 Last updated: 2019-12-09Bibliographically approved
In thesis
1. Park Matters: Studies on Safety and Property Values
Open this publication in new window or tab >>Park Matters: Studies on Safety and Property Values
2017 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

This study develops a better understanding of the nature of urban parks from a safety perspective in two international contexts. To achieve this aim, the study is divided into two geographical scales (a macro scale and a micro scale) that test a set of quantitative and qualitative research methods. The macro-scale analysis provides an overall view of the effects of parks in the neighbourhood and at the city level. A particular focus is given to the impact of parks on housing prices. Overall, the findings show that parks function as an amenity that contributes to urban quality, which in turn influences property prices in Stockholm. However, this effect depends on a number of factors such as park type, location, and the level of safety and security of the parks. Safety also matters: Parks embedded in area with high-crime rates are less valued than in areas with low-crime rates. The micro-scale of study focuses on parks as a unit of analysis and looks at the environment of parks and how it triggers crime and affects people’s safety. The first analysis is based on whether—and, if so, how—park environments affect safety (crime occurrence) using the principles of crime prevention through environmental design (CPTED) as an inventory tool in a park in an area with a high-crime rate in Stockholm, Sweden. Building on the methodology from the first study, the second study investigates the nature of women-only parks (WOPs) in Karachi, Pakistan, by looking at both the environment of the parks and the users’ and non-users’ perceptions of safety. Regardless of context, the findings show that the safety conditions of a park are highly associated with the park’s environment (design and management features). Of importance to park safety are park size in relation to the number of access routes (entrance and exit points), the opportunities for surveillance in relation to the maintenance and the lighting conditions in parks. A clear lesson is that a CPTED-informed park design promotes guardianship and therefore should be encouraged, regardless of whether it is located in Stockholm or Karachi. However, the urban context does matter to park safety conditions and is highly dependent on the local, city-wide, and national contexts in which the park is embedded.

Place, publisher, year, edition, pages
Stockholm: KTH Royal Institute of Technology, 2017. p. 101
Keywords
Urban parks, safety, hedonic modelling, CPTED, and women-only parks, Engineering and Technology, Teknik och teknologier
National Category
Civil Engineering
Identifiers
urn:nbn:se:hig:diva-31224 (URN)9789185783823 (ISBN)
Available from: 2019-12-09 Created: 2019-12-09 Last updated: 2019-12-09Bibliographically approved

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Iqbal, Asifa
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CiteExportLink to record
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