The American Appraisal Institute magazine ” The Appraisal Journal ” has published an article entitled ” Property Value Impacts from Transmission Lines, Subtransmission Lines, and Substations „, which presents research on the impact of power lines on the value of real estate.
As in any serious research on the construction of a real estate value model, the method of statistical analysis, and more specifically the multiple regression method, was used in Anglo-Saxon literature known as ” hedonic regression ” to determine the impact of power lines on the property value.
It should be noted that the same hedonic regression model was used, inter alia, in in a study conducted by the Polish Institute of Valuation in cooperation with the Research Department of realexperts.pl to determine the impact on the property value of restricted use area (OOU) zones and the air noise intensity around the F. Chopin in Warsaw.
As you can see, there is only one research methodology used in the world related to the real estate market and determining the impact of individual factors on the value of real estate: a method of statistical analysis , the purpose of which is to build a value model explaining the phenomenon of price formation due to the factors studied. This methodology is simply the application of the general methodology of empirical research and empirical data analysis to real estate issues.