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Title Impact of Green Infrastructure on Value of Residential Properties in Twin-Cities Using Hedonic Model

Author(s) Rida Bashir

Abstract This study used the hedonic pricing model as a research methodology to determine the impact of green infrastructure on the value of residential properties in various societies of Islamabad. The number of green parks in the area and the distance from a property to its nearest green park are two main features of the green infrastructure that are taken into consideration, in addition to the other hedonic characteristics such as neighborhood, location and structure that are used to explain property values. The sample consists of 1402 observations collected from Islamabad’s four different societies. Results of our research show the significant relationship of property values of residential properties in various societies of Islamabad to property characteristics such as structure, neighborhood, location, and green infrastructure. The number of green parks nearby and the distance between a property and the nearest green park are found to be highly significant variables that have the most impact on a property's value. There is an inverse relationship between a property value and the distance of the property from the nearest green park.

Type Thesis/Dissertation MS

Faculty Management Sciences

Department Management Sciences

Language English

Publication Date 2023-01-12

Subject Finance

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