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Nordmark Strandberg, Louise, 2023. Assessing the Impact of Ocean Proximity and a Nuclear Power Plant on Property Values : a Hedonic Price Study in Östhammar. First cycle, G2E. Uppsala: SLU, Dept. of Economics



This study examines the impact of environmental attributes, specifically proximity to the ocean and a nuclear power plant, on property prices in Östhammar municipality during the period of 2017-2022. By conducting a hedonic price model for evaluating non-market goods, a dataset of 1210 observations of family houses and vacation homes was analyzed. The dependent variable in the model was the price of sold property, which included house characteristics and distances to environmental attributes. The analysis involves the conducting of regression analyses with robust standard errors and a logarithmic model to represent the elasticity. The result revealed a significant negative relationship between distance to the ocean and property prices, indicating that properties closer to the coastline commanded higher prices. Conversely, the distance to the nuclear power plant and property prices were observed, indicating a positive significant relationship that when increasing the distance from the power plant resulted in higher property prices.

Main title:Assessing the Impact of Ocean Proximity and a Nuclear Power Plant on Property Values
Subtitle:a Hedonic Price Study in Östhammar
Authors:Nordmark Strandberg, Louise
Supervisor:Capitán Jimenéz, Tabaré
Examiner:Hart, Robert
Series:Examensarbete / SLU, Institutionen för ekonomi
Volume/Sequential designation:1537
Year of Publication:2023
Level and depth descriptor:First cycle, G2E
Student's programme affiliation:NK011 Business and Economics Sustainable Development , 180.0hp
Supervising department:(NL, NJ) > Dept. of Economics
Keywords:Hedonic pricing, property pries, natural environment, Nuclear power plant, coastline
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Deposited On:08 Aug 2023 08:52
Metadata Last Modified:09 Aug 2023 01:01

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