of park proximity on local real estate markets The increasing value of urban parks in a growing metropole
The piece below summarizes the core findings and practical implications of this research to help you understand the relationship between city dwellers and their green spaces. 🌳 The "126689" Effect: Balancing Distance and Park Size
: Reducing obesity and heart disease through active paths.
: Parks larger than 20 hectares (roughly 50 acres) can increase nearby house prices by up to 6–7% , compared to less than 1% for smaller neighborhood parks.
A useful urban park provides more than just grass; it serves four distinct health-promoting roles:
: Filtering air, blocking noise, and cooling "urban heat islands".
: Physical accessibility—including street connectivity and safe road attributes—is a primary driver of whether a park is actually used.
: If a resident has multiple types of "green or blue spaces" (like rivers or smaller gardens) nearby, the specific value they place on a distant large park decreases, as these spaces act as functional substitutes. 3. Social and Environmental Value