The Impact of Green Areas on Dwelling Prices - the Case of Poznań City

Radosław Trojanek

Abstract

Objective: The objective of this paper is to estimate the impact of urban green areas on dwelling prices in Poznań. Research Design & Methods: In order to identify the influence of the green spaces on dwelling prices, the hedonic method was used. In the analysis, transaction prices of residential units in Poznań were used. Findings: The application of the log-linear model allows to identify the percentage difference in the price of the same dwelling located with different distances to green areas. In case of this research, the results indicates that increase the distance from green area by one kilometer lowered the price of a dwelling by 3% in Poznań in years 2013-2015. Implications & Recommendations: It is necessary to conduct research on impact of green areas on other types of properties. Different types of urban green areas may affect in different way. Contribution & Value Added: The originality of this work lies in studying some aspects of influence of green areas on dwelling prices in Poland.