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Park Proximity, Crime and Apartment Prices
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Banking and Finance, Cefin. KTH.ORCID iD: 0000-0001-8525-3362
KTH, School of Architecture and the Built Environment (ABE), Real Estate and Construction Management, Building and Real Estate Economics. KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Banking and Finance, Cefin.ORCID iD: 0000-0002-9944-0510
2019 (English)In: International Journal of Housing Markets and Analysis, ISSN 1753-8270, E-ISSN 1753-8289, ISSN 1753-8270, Vol. 11, no 4, p. 669-686Article in journal (Refereed) Published
Abstract [en]

Parks and open green spaces are an important part of the city landscape. Although studies show that proximity to parks and open green spaces has a mostly positive impact on house prices, several studies also report that crime in parks can affect buyers’ perceptions, making nearby properties less desirable. We examine the effects of park proximity and crime in parks on apartment prices by using geographic information systems and hedonic modelling. Our results indicate that grass parks and park blocks are more desirable than landscape parks and neighbourhood parks in Stockholm. Our findings also confirm that parks in Stockholm’s city centre have a greater impact than parks on the periphery of Stockholm. Low-crime parks affect apartment prices positively.

Place, publisher, year, edition, pages
Emerald Group Publishing Limited, 2019. Vol. 11, no 4, p. 669-686
Keywords [en]
Parks, crime, hedonic prices, distance to park
National Category
Landscape Architecture
Identifiers
URN: urn:nbn:se:kth:diva-217512DOI: 10.1108/IJHMA-04-2017-0035ISI: 000439565200005Scopus ID: 2-s2.0-85047411948OAI: oai:DiVA.org:kth-217512DiVA, id: diva2:1156668
Funder
Swedish Research Council Formas, 259-2012-1189
Note

QC 20171114

Available from: 2017-11-13 Created: 2017-11-13 Last updated: 2022-06-26Bibliographically approved
In thesis
1. Park Matters:: Studies on Safety and Property Values
Open this publication in new window or tab >>Park Matters:: Studies on Safety and Property Values
2017 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

This study develops a better understanding of the nature of urban parks from a safety perspective in two international contexts. To achieve this aim, the study is divided into two geographical scales (a macro scale and a micro scale) that test a set of quantitative and qualitative research methods. The macro-scale analysis provides an overall view of the effects of parks in the neighbourhood and at the city level. A particular focus is given to the impact of parks on housing prices. Overall, the findings show that parks function as an amenity that contributes to urban quality, which in turn influences property prices in Stockholm. However, this effect depends on a number of factors such as park type, location, and the level of safety and security of the parks. Safety also matters: Parks embedded in area with high-crime rates are less valued than in areas with low-crime rates. The micro-scale of study focuses on parks as a unit of analysis and looks at the environment of parks and how it triggers crime and affects people’s safety. The first analysis is based on whether—and, if so, how—park environments affect safety (crime occurrence) using the principles of crime prevention through environmental design (CPTED) as an inventory tool in a park in an area with a high-crime rate in Stockholm, Sweden. Building on the methodology from the first study, the second study investigates the nature of women-only parks (WOPs) in Karachi, Pakistan, by looking at both the environment of the parks and the users’ and non-users’ perceptions of safety. Regardless of context, the findings show that the safety conditions of a park are highly associated with the park’s environment (design and management features). Of importance to park safety are park size in relation to the number of access routes (entrance and exit points), the opportunities for surveillance in relation to the maintenance and the lighting conditions in parks. A clear lesson is that a CPTED-informed park design promotes guardianship and therefore should be encouraged, regardless of whether it is located in Stockholm or Karachi. However, the urban context does matter to park safety conditions and is highly dependent on the local, city-wide, and national contexts in which the park is embedded.

Place, publisher, year, edition, pages
Stockholm: KTH Royal Institute of Technology, 2017. p. 90
Series
TRITA-FOB ; 2017:8
Keywords
Urban parks, safety, hedonic modelling, CPTED, and women-only parks
National Category
Engineering and Technology
Research subject
Real Estate and Construction Management
Identifiers
urn:nbn:se:kth:diva-217537 (URN)978-91-85783-82-3 (ISBN)
Public defence
2017-12-05, F3, Lindstedtsvägen 26, Stockholm, 14:00 (English)
Opponent
Supervisors
Funder
Swedish Research Council Formas, 259-2012-1189
Note

QC 20171114

Available from: 2017-11-14 Created: 2017-11-14 Last updated: 2022-06-26Bibliographically approved

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Iqbal, AsifaWilhelmsson, Mats

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