The impact of noise on green open space value

Makovsky, L. ORCID: https://orcid.org/0009-0000-9607-2495 (2025) The impact of noise on green open space value. Journal of Environmental Management, 379. 124594. ISSN 0301-4797 doi: 10.1016/j.jenvman.2025.124594

Abstract/Summary

I investigate the effect of noise on the amenity value of urban green open spaces in Prague, Czech Republic. First, I use standard hedonic pricing model exploiting cross-sectional and quasi-experimental variation in the apartment price data and then I analyse green open spaces quality inferred from a quantitative spatial model. Results show that increasing size of quiet green open spaces (with noise below 60 dB) by 10% increases local apartment prices by 0.05% and perceived quality of green open spaces by 1.2%. In a counterfactual scenario, if noise in green open spaces decreases by 2 dB, a noise reduction achieved by implementing 30 km/h speed limit in a city, value of apartments would increase by 0.2% due to increased size of accessible quiet green open spaces.