Environmental Issues

A) Statement of the Problem There are many factors that can readily affect house prices. These can be the economic, social and environmental factors. Environmental factors can be varied too. Which among them could make significant impact in the process of decision making and in up to what extent

B)  Significance Of The Problem-The study focused on how significance or impact ecological motivations such as presence of water, green areas, open spaces,  gardens, woods and parks can be in making decisions regarding house prices and premiums in different areas like that of the Netherlands.

C)  Literature Review -The value of trees, water and open space as reflected by house price in the Netherlands was an Elsevier Landscape and Urban Planning article by Joke Luttik, a researcher on Landscape and Spatial Planning in Netherlands.

D) The Approach or Methods Employed- The research method that has been employed is the hedonic pricing method or HPM which is a statistical analysis used to estimate the effect of environmental attributes on transaction prices.

E) The Basic Findings-The basic findings of the study demonstrates the significance of particular environmental factors to house premiums plus other more important factors to consider like the attractive landscape, presence of water, and accessibility to other amenities.

F) Implications-The implication of these findings is the evidence that environmental factors play to housing location and its effect to potential buyers or developers.

G) Critique in Terms of the Threats to Validity of the Study-Comparison of the results of the study showed that there seemed to be little reason to assume that only environmental aspect or presence of green areas can make a different premium in a certain locality. There are other more factors involved like the total attractiveness, accessibility, social-economic status and the absence of traffic noises among other important factors.