The Impact of Landfill Proximity on Residential Property Values in Faisalabad, Pakistan

Abstract

A landfill is where trash is disposed of. Although landfills contribute to the cleanliness of our communities, they also represent a significant risk to public health and the cost of living for nearby individuals. Around the world, many people agree that having a property near a dumpsite affects the price or rent of the home in one of two ways: favorably or adversely. The study's primary objective was to investigate the influence of landfill proximity on housing prices. Data were collected through a well-structured questionnaire administered to a random sample of 200 households. Results revealed several significant findings. The distance from the landfill site significantly negatively impacts housing prices (? = -0.177, p < 0.05). Specifically, properties located closer to landfills are valued lower, indicating the detrimental impact of landfills on house prices close to residential areas. Environmental variables highlight significant community concerns. Most respondents reported an increase in pollution since the dump's operation and 95% believe the landfill negatively affects neighborhood attractiveness. Additionally, 90% of respondents feel bothered by bad odors, and 81% are concerned about groundwater contamination. The study's conclusions showed that more features mainly affect residential property values when it comes to home prices than landfills. Key findings indicated that, aside from landfill proximity, other factors such as house size, number of bathrooms, a drawing room, and a lawn significantly influence house prices. By addressing the adverse effects of landfills, policymakers can enhance environmental quality and, in turn, improve residential housing prices policymakers should ensure that new landfill sites are situated at a reasonable distance from residential areas to minimize their adverse effects on property values and the quality of life for residents.