Radosław Trojanek

Poznań University of Economics

Poland

r.trojanek@ue.poznan.pl

THe impact of aircraft noise on the value of dwellings – the case of Warsaw Chopin Airport in Poland

ABSTRACT.  The aim of this article is to identify the impact of Warsaw Chopin Airport on dwelling prices in Warsaw. Frederic Chopin Airport in Warsaw is the biggest airport and the main transfer node in Poland, which serviced 10.7 million passengers in 2013. Warsaw Chopin Airport is a city airport, which means that it is located within the borders of the city of Warsaw. The aim of this study is to identify and measure the influence of Warsaw Chopin Airport on the prices of dwellings located within the borders of the limited use area. This research refers only to dwellings located in multi- family buildings. Such choice was determined by two factors. Firstly, the majority of dwellings are located in multi-family residentials (dwelling blocks – up to 90% in big Polish cities). Secondly, houses are characterized by great differentiation regarding both quantitative and qualitative features, which requires the database to include the appropriate information about each property in order to build hedonic models.

Received: June, 2014

1st Revision: September, 2014

Accepted: October, 2014

DOI: 10.14254/2071-8330.2014/7-3/14

JEL Classification: E32, R33, P2

Keywords: dwelling prices, aircraft noise, housing market, hedonic methods, Poland