Morsink, Nadi (2023) The influence of Natura 2000 sites on nearby property prices. Master thesis.
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Abstract
Whereas many studies explore the relationship between different types of nature and real estate values, limited attention has been given to the specific influence of protected nature. Using the Hedonic Pricing Model, this study examines the effect of protected nature, more precisely Natura 2000 sites. The findings reveal that being farther away from a Natura 2000 site in urban areas leads to significantly lower house prices, with being 10% farther away corresponding to a 0.99% decrease in house price. Conversely, in rural areas there is no significant relationship between Natura 2000 sites and house prices. These findings indicate that proximity to Natura 2000 sites is valued differently depending on the urban-rural context. The study also compares three metropolitan areas with varying distances to Natura 2000 sites, finding that being farther away from such sites negatively impacts property prices in cities in France at different distances from Natura 2000 sites. Notably, the effect is strongest in Lille, the city located furthest away from Natura 2000 sites. The findings support existing theories on the relationship between green spaces and property values, confirming that proximity to Natura 2000 sites has a positive impact on housing prices. The study contributes to the understanding of how environmental amenities shape property values and informs policy decisions, highlighting the need for context-specific approaches when considering the conservation and management of these protected areas.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Daams, M.N. |
| Date Deposited: | 10 Oct 2023 13:20 |
| Last Modified: | 10 Oct 2023 13:20 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/4403 |
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