Aircraft Noise: Annoyance, House Prices and Valuation
Date
2006-05
Authors
Supervisor/s
Journal Title
Journal ISSN
Volume Title
Publisher
Institute of Acoustics
Department
Type
Article
ISSN
0308-437X
Format
Free to read from
Citation
Brooker P. (2006) Aircraft noise: annoyance, house prices and valuation. Acoustics Bulletin, May/June 2006, pp. 29-32
Abstract
“Nobody wants to buy your house. It’s the aircraft noise. You’ll have to reduce the price a lot.”
Aircraft noise around airports causes annoyance, and tends to reduce the price of affected properties. Can annoyance be ‘costed’ by examining house price reductions? Are there other ways of valuing annoyance in monetary terms? This short paper summarises key research results and poses some questions.