The impact of green spaces on property values
A study recently conducted and published in South Africa shows that property values can be linked to the management of green spaces, or the lack thereof.
Green spaces like parks and gardens are often seen as essential for urban areas, boosting property values through recreation, aesthetics and environmental benefits. However, a study by NWU professors Juaneé and Sarel Cilliers found that green spaces in South Africa sometimes negatively affect local property values while benefiting broader neighborhoods.The study analysed property prices in Potchefstroom, considering factors such as crime, amenities and housing trends. Contrary to international findings, properties directly adjacent to green spaces did not always have higher values, particularly in areas with poor maintenance and security. Neglected parks often attract crime, leading to lower property values. In contrast, well-distributed and maintained green spaces positively impacted property prices, emphasizing the importance of proper planning.
While green spaces offer benefits, issues like crime, vandalism, and poor upkeep can reduce property values. Unmaintained parks become liabilities rather than assets, with overgrown vegetation and litter deterring buyers. High visitor numbers can also lead to noise, congestion, and reduced quality of life for nearby residents. Additionally, if green spaces are not integrated with infrastructure like roads and schools, they may hinder local development.
Positive impacts
Well-managed green spaces can enhance property values by improving aesthetics and quality of life. Clean, maintained parks attract residents, offering recreational opportunities that promote health and well-being. They can also stimulate economic activity, attracting investors and supporting local businesses. Environmentally, green spaces regulate temperature, reduce pollution, and increase biodiversity.
The study suggests a balanced approach to green space planning. Municipalities should prioritise maintenance, ensuring safety through lighting and security patrols. Community involvement in park management can also reduce crime. Proper location planning is crucial to integrating green spaces with infrastructure and amenities.
Though green spaces are often considered assets, their impact on property values in South Africa—and similarly in Namibia—depends on factors like maintenance, security, and urban planning. Collaboration among local authorities, communities, and urban planners is key to optimizing these spaces for both environmental and financial benefits.
*Prof. Juaneé Cilliers led urban and regional planning research at NWU, focusing on sustainable development, while Prof. Sarel Cilliers was a botany professor specialising in urban ecology and green infrastructure planning.