House prices, airport location proximity, air traffic volume and the COVID-19 effect

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dc.citation.issue1
dc.citation.volume10
dc.contributor.authorNgo T
dc.contributor.authorSquires G
dc.contributor.authorMcCord M
dc.contributor.authorLo D
dc.date.accessioned2024-06-04T02:07:06Z
dc.date.available2024-06-04T02:07:06Z
dc.date.issued2023-04-12
dc.description.abstractAlthough house prices and airports are influenced by distinct factors that shape their evolutions, they are also intrinsically connected through the natural and built environment. Standard theory suggests that air-traffic noise and proximity to key economic hubs such as airports are of prime importance to house prices and the housing market. This study contributes to understanding the link between the housing market, airport location proximity and air traffic. The research investigates this association across four key urban areas within New Zealand proximal to an international airport: Auckland, Wellington, Christchurch and Queenstown. Applying a generalized least squares (GLS) regression approach, the analysis reveals that house prices, air-traffic activity and proximity to airports within New Zealand demonstrate a statistically significant effect, and that air traffic volume has a positive effect on house prices. Moreover, the findings reveal a ā€˜Uā€™-shape relationship between distance to the airport and house prices, suggesting that airport noise and pollution adversely affect house prices, with this effect diminishing with distance, indicating that economic influences and employment may also serve as a positive externality.
dc.description.confidentialfalse
dc.format.pagination418-438
dc.identifier.citationNgo T, Squires G, McCord M, Lo D. (2023). House prices, airport location proximity, air traffic volume and the COVID-19 effect. Regional Studies, Regional Science. 10. 1. (pp. 418-438).
dc.identifier.doi10.1080/21681376.2023.2186805
dc.identifier.eissn2168-1376
dc.identifier.elements-typejournal-article
dc.identifier.urihttps://mro.massey.ac.nz/handle/10179/69717
dc.languageEnglish
dc.publisherTaylor and Francis Group on behalf of the Regional Studies Association
dc.publisher.urihttps://www.tandfonline.com/doi/full/10.1080/21681376.2023.2186805
dc.relation.isPartOfRegional Studies, Regional Science
dc.rights(c) 2023 The Author/s
dc.rightsCC BY 4.0
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subjecthouse prices
dc.subjectairports
dc.subjectair-traffic activity
dc.subjectcities
dc.subjectamenities
dc.titleHouse prices, airport location proximity, air traffic volume and the COVID-19 effect
dc.typeJournal article
pubs.elements-id461084
pubs.organisational-groupOther
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