Traffic Noise as a Factor Influencing Apartment Prices in Large Cities

Abstract

Abstract Environmental factors are among the key determinants of real estate prices. They include landscape attractiveness, land relief, exposure to sunlight and proximity to natural features. In large urban centers, traffic noise emissions significantly affect decision-making on the real estate market. Weakly developed road networks and the absence of ring roads that shift road traffic outside residential districts are a widespread problem in the cities of Central-Eastern Europe. The prevention of traffic noise pollution, one of the key environmental problems in Europe, is an important goal of European Union policy. This paper analyzes the correlations between apartment prices and traffic noise levels in Olsztyn, the capital city of the Warminsko-Mazurskie Voivodeship (province) in north-eastern Poland. A linear correlation analysis was performed, and the distribution of unit prices of apartments was mapped by ordinary kriging.