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The ex-ante impact of conflict over infrastructure settings on residential property values. The case of Paris's suburban zones

Author

Listed:
  • André Torre

    (AgroParisTech, INRA - Institut National de la Recherche Agronomique)

  • Hai Vu Pham

    (Agroécologie [Dijon] - INRA - Institut National de la Recherche Agronomique - UB - Université de Bourgogne - AgroSup Dijon - Institut National Supérieur des Sciences Agronomiques, de l'Alimentation et de l'Environnement)

  • Arnaud Simon

    (DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique)

Abstract

The presence of nearby public facilities has an impact on real-estate values; for this reason, the market may reasonably anticipate that public infrastructure projects will affect house prices. But undesirable and semi-desirable facility location choices may be contested by nearby residents, as they are a source of negative externalities or expectations. In Paris's suburban zones, opposition to these infrastructures is frequent, and the official announcement of a project does not automatically mean it will be implemented. Through three case studies, we explore the way in which the expectation mechanism is affected by legal conflicts driven by nearby residents. We suppose that expectations depend on the probability that a given project will be realised. The variation is captured by a hedonic model. As conflicts amplify or reduce the certainty of the new facility's arrival, market perceptions of the infrastructure vary.

Suggested Citation

  • André Torre & Hai Vu Pham & Arnaud Simon, 2015. "The ex-ante impact of conflict over infrastructure settings on residential property values. The case of Paris's suburban zones," Post-Print hal-01277131, HAL.
    • Handle: RePEc:hal:journl:hal-01277131
    DOI: 10.1177/0042098014546499
    as

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    Cited by:

    1. Mahsa Mesgar & Diego Ramirez-Lovering & Mohamed El-Sioufi, 2021. "Tension, Conflict, and Negotiability of Land for Infrastructure Retrofit Practices in Informal Settlements," Land, MDPI, vol. 10(12), pages 1-15, November.
    2. Habibullah Magsi & Andre Torr & Yansui Liu & M. Javed Sheikh, 2017. "Land Use Conflicts in the Developing Countries: Proximate Driving Forces and Preventive Measures," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 56(1), pages 19-30.

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