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The Effect of Location on the Value of Ornamental Trees Using the Example of a Green Space in Lublin

Author

Listed:
  • Czernyszewicz Eugenia

    (The University of Life Sciences in Lublin)

  • Szymańska Małgorzata

    (Real-Estate Appraiser)

  • Żuraw Beata

    (The University of Life Sciences in Lublin)

  • Leziak Katarzyna

    (The University of Life Sciences in Lublin)

Abstract

This paper examines and identifies, using a specific example, how the location of trees influences their value. For the valuation of trees outside a forest area, appraisers often employ methods recommended for estimating forest stands, which significantly reduces the value of trees and valued properties. The tree-valuation method developed by SZCZEPANOWSKA et al. (2010) was used in our study. First, we compiled an inventory of trees located on plots intended for expropriation. The study covered all specimens with trunk circumferences of over 25 centimetres, which amounted to a total of 76 trees. We considered the value of the trees in the conditions of the actual location, which means that our calculations included house gardens in the city and the values of the same trees in hypothetical growth conditions: tree stands in rural and urban areas, green spaces in urban and rural areas, housing estates, roads and streets (both urban and rural), and historic areas, health resorts and health-resort protection zones.Our study has shown that the tree valuation method based on differentiating coefficients is a very useful tool for establishing the value of trees in outlying areas.

Suggested Citation

  • Czernyszewicz Eugenia & Szymańska Małgorzata & Żuraw Beata & Leziak Katarzyna, 2019. "The Effect of Location on the Value of Ornamental Trees Using the Example of a Green Space in Lublin," Real Estate Management and Valuation, Sciendo, vol. 27(4), pages 53-61, December.
    • Handle: RePEc:vrs:remava:v:27:y:2019:i:4:p:53-61:n:5
    DOI: 10.2478/remav-2019-0035
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    More about this item

    Keywords

    value of trees; ornamental trees; location; valuation;
    All these keywords.

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
    • Q19 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Other
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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