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THE PREOPERATIONAL EFFECTS OF A WATER‐RESOURCES PROJECT ON PROPERTY PRICES 1
Author(s) -
Ricci Paolo F.,
Laessig Robert E.,
Glaser Edward R.
Publication year - 1978
Publication title -
jawra journal of the american water resources association
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.957
H-Index - 105
eISSN - 1752-1688
pISSN - 1093-474X
DOI - 10.1111/j.1752-1688.1978.tb02204.x
Subject(s) - period (music) , property value , hydrology (agriculture) , environmental science , series (stratigraphy) , water level , property (philosophy) , geography , geology , business , geotechnical engineering , finance , paleontology , physics , real estate , acoustics , philosophy , cartography , epistemology
Residential properties nearby a park‐lake system were studied, through time‐series, to detect possible changes in the land market during the period between announcement and completion of the impounding reservoir, 1962 to 1973. The time series identifies a period of increases in the values of properties which is concomitant with the announcement of the park‐lake. This is followed by a second period characterized by lower prices, which ends in 1970, as construction activities take place. During construction, from 1970 to 1973, property values were found to increase rapidly.