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The impact of aircraft noise on residential real estate prices in Warsaw– the stated preferences analysis

Author

Listed:
  • Sonia Huderek-Glapska

    (Uniwersytet Ekonomiczny w Poznaniu, Katedra Mikroekonomii)

Abstract

The paper presents the results of a research on the impact of aircraft noise associated with the Warsaw Chopin Airport operation on the prices of residential real estate situated within the limited use area. The method used in the study is the analysis of stated preferences of buyers of property located within the airport impact area. The research is based on a survey with developers who made investments in the limited use area. The results show that the value of a discount at which residential property exposed to aircraft noise was sold, in comparison to property with similar characteristics located outside the airport impact area, depends on the noise intensity. According to the developers’ opinion, the values of residential real estate exposed to aircraft noise, but located further away from the airport than those from Z1 and Z2 zones, are not likely to decrease.

Suggested Citation

  • Sonia Huderek-Glapska, 2013. "The impact of aircraft noise on residential real estate prices in Warsaw– the stated preferences analysis," World of Real Estate Journal (Swiat Nieruchomosci), Fundacja Uniwersytetu Ekonomicznego w Krakowie, issue 85, pages 40-45, September.
    • Handle: RePEc:kra:journl:y:2013:i:85:p:40-45
    DOI: 10.14659/worej.2013.85.06
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