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Communication dans un congrès Année : 2011

The impact of litigation over infrastructure settings on residential property values in Paris's suburban zones

Résumé

The presence of nearby public facilities contributes to real estate values; that is why the market may expect public projects to affect house prices. But undesirable and semi-desirable facility location choices can be contested by close inhabitants, because they are source of negative externalities or negative expectations. In Paris' suburban zones, the opposition to these infrastructures is frequent, and the announcement of an official project does not automatically mean its implementation. Through three case studies, we explore the way the expectation mechanism is affected by legal conflicts driven by close inhabitants. We suppose that expectations depend on the to-be-realized-chance of the project. As conflicts amplify or reduce the certainty of the new facility's arrival, market perceptions of the infrastructure vary. The variation is captured by our hedonic model.
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Dates et versions

halshs-00551307, version 1 (03-01-2011)

Identifiants

  • HAL Id : halshs-00551307 , version 1
  • PRODINRA : 246854

Citer

Hai Vu Pham, Arnaud Simon, André Torre. The impact of litigation over infrastructure settings on residential property values in Paris's suburban zones. ERES 2010, Jun 2010, Milan, Italy. ⟨halshs-00551307⟩
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Dernière date de mise à jour le 28/04/2024
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