The values and benefits of environmental elements on housing rents

Ali Ardeshiri (Lead / Corresponding author), Mahyar Ardeshiri, Mohammad Radfar (Lead / Corresponding author), Omid Hamidian Shormasty

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Abstract

The value provided by availability of environmental elements on human quality of urban life is difficult to assess and incorporate into urban planning and development. Researchers worldwide have seldom objectively factored these attributes into property pricing and associated decisions. This study contends
that a better understanding of the effect of environmental elements requires systematic study of the relationship between objective and subjective measures of environmental phenomena and human responses. This paper summarizes the outcomes from applying Hedonic Pricing (HP) and Life Satisfaction (LS) methods - providing valuation in an increasingly expanding and privatized property Iranian market. A survey was carried out from 400 households that are more likely to make location choices and pay rent and property expenses in the city of Shiraz. The findings indicates that Shiraz neighbourhoods are likely to be characterized by deep environmental segregation. This study informs the decisions of policy makers and property developers regarding sales and purchases conversion, property development, urban nature conservation, and design of ecological green-space networks.
© 2016 Elsevier Ltd. All rights reserved.
Original languageEnglish
Pages (from-to)67-78
Number of pages12
JournalHabitat International
Volume55
Early online date2 Mar 2016
DOIs
Publication statusPublished - Jul 2016

Keywords

  • Quality of life
  • Hedonic pricing
  • Life satisfaction
  • Urban services
  • Environmental segregation

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    Ardeshiri, A., Ardeshiri, M., Radfar, M., & Hamidian Shormasty, O. (2016). The values and benefits of environmental elements on housing rents. Habitat International, 55, 67-78. https://doi.org/10.1016/j.habitatint.2016.02.004