The impact of crime and fear of crime on property prices
2010 (English)In: / [ed] ESC, Liege, Belgium, 2010Conference paper (Other academic)
This article assess whether acts of vandalism and fear of crime affect neighbourhoods, particularly their effect on housing prices. The study employs hedonic pricing modelling to estimate the impact of crime and fear of crime, controlling for other factors (property and neighbourhood characteristics). Geographic Information System (GIS) is used to combine apartment sales with offences data, responses of the 2008 Safety Survey and land-use characteristics of the study area, Stockholm, the capital of Sweden. Results indicate that apartment prices are affected by both vandalism and fear (in an area and its neighbouring zones). There is an indication of a synergic effect of vandalism and fear in neighbourhoods: when vandalism and fear of places in the neighbourhood are assessed together, results show that housing values tend to be lower than in areas where either vandalism alone or fear affects property values. The paper concludes with a discussion of the results and recommendation for future studies.
Place, publisher, year, edition, pages
Liege, Belgium, 2010.
IdentifiersURN: urn:nbn:se:kth:diva-61461OAI: oai:DiVA.org:kth-61461DiVA: diva2:479153
the 10th Annual Conference of the European Society of Criminology
ProjectsThe impact of crime and fear on apartment prices: two Swedish cases
QC 201201272012-01-172012-01-172012-01-27Bibliographically approved