Der Einfluss städtischer Grünflächen auf die Immobilienpreise: Eine hedonische Analyse für die Stadt Berlin

Henry Wüstemann; Jens Kolbe

doi:10.1007/s13147-017-0485-0

Authors

Henry Wüstemann Fachgebiet Landschaftsökonomie, Technische Universität Berlin, Straße des 17. Juni 145, 10623, Berlin, Deutschland
Jens Kolbe Fachgebiet Ökonometrie und Wirtschaftsstatistik, Technische Universität Berlin, Straße des 17. Juni 135, 10623, Berlin, Deutschland

DOI:

https://doi.org/10.1007/s13147-017-0485-0

Keywords:

Urban green space, Hedonic pricing, GIS Analysis, Urban development, Ecosystem services

Abstract

Urban green space represents a key aspect for the sustainable development of urban areas. The benefit of urban green space can also be reflected in higher property and land prices. Although a high number of international studies prove the impact of urban green on real estate prices, the empirical basis in Germany is still very limited. The overall purpose of this study is to investigate the impact of urban green space on real estate prices in Germany. The data set contains transaction data for single family homes (1996-2012) provided by the Committee of Valuation Experts (GAA, Gutachterausschuss für Grundstückswerte) for the city of Berlin and cross section geo-coded data for urban green drawn from the European Urban Atlas (EUA) of the European Environment Agency. In order to control for additional open space categories we further incorporated geo-coded data on water bodies, forest, farmland and fallow land. The analysis shows a positive impact of urban green on real estate prices. The results provide helpful information on the capitalization of urban green space in real estate prices.

Downloads

Download data is not yet available.

References

Acharya, G.; Bennett, L. L. (2001): Valuing Open Space and Land-Use Patterns in Urban Watersheds. In: The Journal of Real Estate Finance and Economics 22, 2, 221-237.

Ahlfeldt, G. M.; Maennig, W. (2010a): Impact of sports arenas on land values: evidence from Berlin. In: The Annals of Regional Science 44, 2, 205-227.

Ahlfeldt, G. M.; Maennig, W. (2010b): Substitutability and Complementarity of Urban Amenities: External Effects of Built Heritage in Berlin. In: Real Estate Economics 38, 2, 285-323.

Appelbaum, E. (1979): On the choice of functional forms. In: International Economic Review 20, 2, 449-458.

Bateman, I. (1993): Evaluation of the environment: A survey of revealed preference techniques. Norwich. = CSERGE Working Paper GEC 93-06.

BMUB – Bundesministerium für Umwelt, Naturschutz, Bau und Reaktorsicherheit (2007): Nationale Strategie zur biologischen Vielfalt. Berlin.

Brandt, S.; Maennig, W.; Richter, F. (2013): Do places of worship affect housing prices? Evidence from Germany. Hamburg. = Hamburg Contemporary Economic Discussions 48.

EEA – European Environment Agency (2011): Mapping Guide for a European Urban Atlas. https://cws-download.eea.europa.eu/local/ua2006/Urban_Atlas_2006_mapping_guide_v2_final.pdf (19.12.2016).

Goh, Y. M.; Costello, G.; Schwann, G. (2012): Accuracy and Robustness of House Price Index Methods. In: Housing Studies 27, 5, 643-666.

Irwin, E. G. (2002): The Effects of Open Space on Residential Property Values. In: Land Economics 78, 4, 465-480.

Kabisch, N.; Haase, D. (2014): Green justice or just green? Provision of urban green spaces in Berlin, Germany. In: Landscape and Urban Planning 122, 129-139.

Kholodilin, K. A.; Mense, A. (2012): Internet-Based Hedonic Indices of Rents and Prices for Flats. Example of Berlin. Berlin. = DIW Discussion Papers 1191.

Kitchen, J. W.; Hendon, W. S. (1967): Land Values Adjacent to an Urban Neighborhood Park. In: Land Economics 43, 3, 357-360.

Kong, F.; Yin, H.; Nakagoshi, N. (2007): Using GIS and landscape metrics in the hedonic price modeling of the amenity value of urban green space: A case study in Jinan City, China. In: Landscape and Urban Planning 79, 3‑4, 240-252.

Kuhn, I.; Brandl, R.; Klotz, S. (2004): The flora of German cities is naturally species rich. In: Evolutionary Ecology Research 6, 5, 749-764.

Lutzenhiser, M.; Netusil, N. R. (2001): The effect of open spaces on a home’s sale price. In: Contemporary Economic Policy 19, 3, 291-298.

Malpezzi, S. (2003): Hedonic Pricing Models. A Selective and Applied Review. In: O’Sullivan, A.; Gibb, K. (Hrsg.): Housing Economics and Public Policy. Oxford, 67-89.

Maschewsky, W. (2001): Umweltgerechtigkeit, Public Health und soziale Stadt. Frankfurt am Main.

Melichar, J.; Vojáček, O.; Rieger, P.; Jedlička, K. (2009): Measuring the Value of Urban Forest using the Hedonic Price Approach. In: regionální studia | Czech Regional Studies 2, 13-20.

Mense, A.; Kholodilin, K. A. (2014): Noise expectations and house prices: the reaction of property prices to an airport expansion. In: The Annals of Regional Science 52, 3, 763-797.

Morancho, A. B. (2003): A hedonic valuation of urban green areas. In: Landscape and Urban Planning 66, 1, 35-41.

Moulton, B. R. (1986): Random group effects and the precision of regression estimates. In: Journal of Econometrics 32, 3, 385-397.

Moulton, B. R. (1990): An Illustration of a Pitfall in Estimating the Effects of Aggregate Variables on Micro Units. In: The Review of Economics and Statistics 72, 2, 334-338.

Nowak, D. J.; Crane, D. E.; Stevens, J. C. (2006): Air pollution removal by urban trees and shrubs in the United States. In: Urban Forestry & Urban Greening 4, 3‑4, 115-123.

Panduro, T. E.; Lausted Veie, K. (2013): Classification and valuation of urban green spaces – A hedonic house price valuation. In: Landscape and Urban Planning 120, 119-128.

Promann, J. (2012): Die Berücksichtigung des Wohnwertmerkmals Lage in den Mietspiegeln der deutschen Großstädte. Bestandsaufnahme, theoretische Einbettung und ein GIS-gestütztes Verfahren zur standardisierten Wohnlageermittlung. Lohmar. = Industrieökonomik 8.

Rowntree, R. A.; Nowak, D. J. (1991): Quantifying the role of urban forests in removing atmospheric carbon dioxide. In: Journal of Arboriculture 17, 10, 269-275.

Schröder-Bäck, P. (2012): Ethische Kriterien der Gerechtigkeit für den Zusammenhang von Umwelt und Gesundheit. In: Bolte, G.; Bunge, C.; Hornberg, C.; Köckler, H.; Mielck, A. (Hrsg.): Umweltgerechtigkeit: Chancengleichheit bei Umwelt und Gesundheit. Konzepte, Datenlage und Handlungsperspektiven. Bern, 51-60.

Schulz, R.; Werwatz, A. (2011): Is there an equilibrating relationship between house prices and replacement cost? Empirical evidence from Berlin. In: Journal of Urban Economics 69, 3, 288-302.

Tyrväinen, L.; Miettinen, A. (2000): Property Prices and Urban Forest Amenities. In: Journal of Environmental Economics and Management 39, 2, 205-223.

Vanslembrouck, I.; Van Huylenbroeck, G.; Van Meensel, J. (2005): Impact of Agriculture on Rural Tourism: A Hedonic Pricing Approach. In: Journal of Agricultural Economics 56, 1, 17-30.

Wüstemann, H.; Kalisch, D.; Kolbe, J. (2016): Towards a national indicator for urban green space provision and environmental inequalities in Germany: Method and findings. Berlin. = SFB 649 Discussion Paper 2016-022.

Wüstemann, H.; Kolbe, J.; von Malottki, C.; Vaché, M. (2016): Stadtgrün und Immobilienwerte. In: Kowarik, I.; Bartz, R.; Brenck, M. (Hrsg.): Ökosystemleistungen in der Stadt. Gesundheit schützen und Lebensqualität erhöhen. Berlin/Leipzig, 197–202.