Graziano, Marcello;
Fiaschetti, Maurizio;
Gross, John W;
Alexander, Karen A;
Longo, Alberto;
O'Higgins, Tim;
(2025)
A room with a blue view: the impact of Blue Economy activities on housing prices across Scottish regions.
Journal of Rural Studies
(In press).
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Abstract
This study examines the indirect impacts of sustainable transitions on coastal communities by analysing the relationship between Blue Economy industries visibility and housing prices using four Scottish regions as a case example. The research employs hedonic price modelling and spatial econometrics to assess how the visibility of various Blue Economy activities, such as conservation, fossil fuel extraction, and transportation, influences residential property prices from 2012 to 2019. Utilizing a unique database of property listings and geographic data, the analysis considers three distance bands to determine the extent to which ocean views containing different marine activities affect housing values. The findings reveal that oil and gas sites negatively impact housing prices across all distance bands and property price quartiles, consistent with existing literature on land-based oil and gas extraction. Conservation activities like Marine Protected Areas (MPAs) only affect prices positively at larger distances when spatial autocorrelation is accounted for, indicating a nuanced relationship between environmental conservation and property values. The study also highlights the complex interactions between aquaculture and housing prices, with positive effects noted at closer distances. Moreover, the analysis shows that port facilities positively influence housing prices, suggesting that accessibility to job opportunities and public services provided by ports is a valued amenity in rural, tourist-oriented regions. This study's methodological innovations contribute to a deeper understanding of the spatial effects of Blue Economy activities on housing prices, providing valuable insights for marine spatial planning and regional economic strategies in coastal areas across the world.
| Type: | Article |
|---|---|
| Title: | A room with a blue view: the impact of Blue Economy activities on housing prices across Scottish regions |
| Publisher version: | https://www.sciencedirect.com/journal/journal-of-r... |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Blue Economy, Housing, Conservation, Fossil fuels, Tourism, Blue Growth |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Civil, Environ and Geomatic Eng |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10206657 |
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