Citation

Guijarro F. Int. J. Environ. Res. Public Health 2019; 16(24): e16245149.

Affiliation

Research Institute for Pure and Applied Mathematics, Universitat Politècnica de València, 46022 Valencia, Spain.

Copyright

(Copyright © 2019, MDPI: Multidisciplinary Digital Publishing Institute)

DOI

10.3390/ijerph16245149

PMID

31861055

Abstract

This paper describes a study of the relationship between undesired road traffic externalities and residential price values in the Spanish city of Madrid. A large database was gathered, including the price and characteristics of 21,634 flats and road traffic intensity at 3904 different points across the city. The results obtained by a hedonic model suggest that both distance from the traffic measurement point and average daily traffic are significantly related to the price of residential properties, even after controlling for structural and neighbourhood variables. Distance to traffic areas has a positive impact on dwelling prices, whilst these are negatively related to traffic intensity.

Language: en

Keywords

hedonic model; residential price; road traffic; traffic externalities