publication . Article . Preprint . 2017

The Impact of a Shopping Centre on the Value of Adjacent Residential Properties

M. C. Sale;
Open Access
  • Published: 01 Apr 2017 Journal: Studies in Economics and Econometrics, volume 41, pages 55-72 (issn: 0379-6205, eissn: 2693-5198, Copyright policy)
  • Publisher: Informa UK Limited
Abstract
One of the most significant changes in the South African retail landscape over the past few decades is the increase in the number and size of retail shopping centres situated in, or close to, residential areas. These shopping centres have the potential to generate both positive and negative externalities which may, in turn, be capitalised into adjacent residential property prices. However, policy makers are still unsure as to the effect of commercial land uses such as shopping centres on surrounding property prices. This study sheds light on this issue by considering the relationship between the Walmer Park Shopping Centre, situated in Nelson Mandela Bay, and su...
Subjects
free text keywords: Economics and Econometrics
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