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How negative attributes of Noise affect the sales in the Tel Aviv market today

Author

Listed:
  • Deborah Leshinsky
  • Robert Simons

Abstract

Tel Aviv boasts a diverse population. The beaches are clean and full of white sand. Its UNESCO designated Bauhaus architecture has won the city the title: “The White City.” This article concentrates on the relationship between noise and the vibrant city of Tel Aviv. This study quantifies the effect of noise on the sale prices of Tel Aviv. This paper demonstrates the negative attributes of noise on the sales value of property values. Negative attributes include but not limited to: School and kindergarten noise, dust and pollution, Active construction, places of worship such as Mosques and location to hospitals and supermarkets. A technique to add originality to this paper is by implementing innovative modelling and estimation techniques. For example a major criticism on hedonic modelling refers to lack of empirical arguments which would account for key demand and local economic drivers. The database will include 100,000 hedonic values. Theoretically speaking this paper attempts to explore the different noise levels on the sales market of Tel Aviv.

Suggested Citation

  • Deborah Leshinsky & Robert Simons, 2024. "How negative attributes of Noise affect the sales in the Tel Aviv market today," ERES eres2024-260, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2024-260
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2024-260
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    More about this item

    Keywords

    Hedonic Values; Negative attributes; Noise levels; Property Valuation;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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