Overwater, Tessa (2020) Trees under urban pressure: A Case Study on understanding the effect of public street trees on property prices in highly urban Amsterdam. Master thesis.
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Abstract
This paper discusses the value of public street trees on property prices in Amsterdam, based on a hedonic approach. Trees can be found in all public green amenities and are vital for physical, mental and social well-being of people. However, over the past decade urban pressure has increased as green space has been replaced with new residential areas. This has led to an increasing concern with the development of urban areas and the availability of green spaces for future project development in fast- growing Amsterdam. Dutch housing “NVM” data is used, providing 100,503 observations of residential property transactions in Amsterdam and their characteristics. The public database of the municipality of Amsterdam (2019) provides data of 265,000 street trees and their characteristics. Results indicate that a 10% increase of trees per street (per 100m) adds a 0.03% to 0.05% premium on property prices, trees within 10-50 metre of a property adds a 0.02% to 0.05% premium to property prices. Of street trees, the Hawthorn tree shows a significant positive influence on property price. Furthermore, the presence of monumental trees in a street shows a stable significant positive influence on property price as well as monumental trees Linden, Plane, Oak, Acacia and Horse Chestnut. The findings will be useful for both urban planning and residential project development. Overall, there are no economic significant results in this study.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Daams, M.N. |
| Date Deposited: | 16 Jun 2020 09:37 |
| Last Modified: | 16 Jun 2020 09:37 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/3201 |
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