The Impact of Aircraft Noise on Housing Prices in Poznan

Radoslaw Trojanek,Saulius Raslanas,Audrius Banaitis,Justyna Tanas

doi:10.3390/su9112088

Radoslaw Trojanek, Saulius Raslanas + Show 2 more

Open Access

https://doi.org/10.3390/su9112088

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Abstract

In the paper, we analyzed the impact of aircraft noise on housing prices. We used a dataset containing geo-coded transactions for 1328 apartments and 438 single-family houses in the years 2010 to 2015 in Poznan. In this research, the hedonic method was used in OLS (ordinary least squares), WLS (weighted least squares), SAR (spatial autoregressive model) and SEM (spatial error model) models. We found strong evidence that aircraft noise is negatively linked with housing prices, which is in line with previous studies in other parts of the world. In our research, we managed to distinguish the influence of aircraft noise on different types of housing. The noise depreciation index value we found in our study was 0.87% in the case of single-family houses, and 0.57% regarding apartments. One of the reasons for the difference in the level of impact of aircraft noise may be the fact that the buyers of apartments may be less sensitive to aircraft noise than the buyers of single-family houses.

Highlights

Noise coming from aviation and its supporting operations is a crucial issue at airports across the world
To our best of our knowledge, this study is one of the first studies to address the effects of aircraft noise on real estate value in the post-socialist urban context
While the problem has been addressed in many articles, most of them focused on areas in the USA, Canada and Western European countries

Summary

Introduction

Noise coming from aviation and its supporting operations is a crucial issue at airports across the world. The aviation industry has come a long way in efficiency and sustainability thanks to improvements in operations and technology [1]. Sustainable development in different aspects [2], as well as of air transport through the reduction of aircraft noise pollution at airports is promoted by the EU Environmental Noise Directive [3] and the associated Balanced Approach Regulation [4]. In the pre-accession of Poland to the European Union period, in the years 1989–2004, air transport was developing very slowly [5]. Post-socialist countries eliminated the barriers to entering their aviation markets [6,7]. Market liberalization resulted in new EU member countries being penetrated by low-cost carriers, which introduced new routes to destinations mainly in Western Europe [8]

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