Economic Valuation of Urban Green Spaces across a Socioeconomic Gradient: A South African Case Study

Lategan, LG; Steynberg, Z; Cilliers, EJ; Cilliers, SS

Economic Valuation of Urban Green Spaces across a Socioeconomic Gradient: A South African Case Study

Lategan, LG Steynberg, Z Cilliers, EJ Cilliers, SS

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Publisher:: MDPI AG
Publication Type:: Journal Article
Citation:: Land, 2022, 11, (3), pp. 413
Issue Date:: 2022-03-01

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Field	Value	Language
dc.contributor.author	Lategan, LG
dc.contributor.author	Steynberg, Z
dc.contributor.author	Cilliers, EJ
dc.contributor.author	Cilliers, SS
dc.date.accessioned	2022-11-02T04:01:54Z
dc.date.available	2022-11-02T04:01:54Z
dc.date.issued	2022-03-01
dc.identifier.citation	Land, 2022, 11, (3), pp. 413
dc.identifier.issn	2073-445X
dc.identifier.issn	2073-445X
dc.identifier.uri	http://hdl.handle.net/10453/163148
dc.description.abstract	Urban green spaces (UGSs) may present economic contributions through increases in proximate property values, encapsulated in the proximity principle (PP). More data on the PP is required from the Global South, where the quality and equitable distribution of UGSs are important considerations. This paper investigates the PP in Potchefstroom, South Africa following a quantitative approach, by statistically analyzing municipal property valuations in three districts differentiated according to their socioeconomic status (SES). Districts are divided into sample areas where three zones are demarcated according to their proximity to a UGS. The results show that property valuations are generally higher for properties in closer proximity to UGSs in lower-and higher-income samples, but are lower in middle-income areas. Neighborhood characteristics and SES, UGS amenity and maintenance, ecosystem services and disservices, domestic garden area and residential property size may be connected to the confirmation or rejection of the PP. The rejection of the PP in middle-income areas indicates a need to improve public UGSs as amenity destinations. The results confirming the PP in low-income areas could incentivize expenditures to improve UGS area and quality to increase the willingness to pay for proximity to such spaces and, reciprocally, increase revenue from municipal property taxes.
dc.language	en
dc.publisher	MDPI AG
dc.relation.ispartof	Land
dc.relation.isbasedon	10.3390/land11030413
dc.rights	info:eu-repo/semantics/openAccess
dc.subject	0502 Environmental Science and Management
dc.title	Economic Valuation of Urban Green Spaces across a Socioeconomic Gradient: A South African Case Study
dc.type	Journal Article
utslib.citation.volume	11
utslib.for	0502 Environmental Science and Management
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	open_access	*
dc.date.updated	2022-11-02T04:01:52Z
pubs.issue	3
pubs.publication-status	Published
pubs.volume	11
utslib.citation.issue	3

Abstract:

Urban green spaces (UGSs) may present economic contributions through increases in proximate property values, encapsulated in the proximity principle (PP). More data on the PP is required from the Global South, where the quality and equitable distribution of UGSs are important considerations. This paper investigates the PP in Potchefstroom, South Africa following a quantitative approach, by statistically analyzing municipal property valuations in three districts differentiated according to their socioeconomic status (SES). Districts are divided into sample areas where three zones are demarcated according to their proximity to a UGS. The results show that property valuations are generally higher for properties in closer proximity to UGSs in lower-and higher-income samples, but are lower in middle-income areas. Neighborhood characteristics and SES, UGS amenity and maintenance, ecosystem services and disservices, domestic garden area and residential property size may be connected to the confirmation or rejection of the PP. The rejection of the PP in middle-income areas indicates a need to improve public UGSs as amenity destinations. The results confirming the PP in low-income areas could incentivize expenditures to improve UGS area and quality to increase the willingness to pay for proximity to such spaces and, reciprocally, increase revenue from municipal property taxes.

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http://hdl.handle.net/10453/163148