Green spaces and bodies of water influence city development. Roebeling and team found that “Urban green/blue spaces are put under pressure as urban areas grow, develop and evolve. It is increasingly recognized, however, that green/blue spaces provide important ecosystem services, stimulate higher real estate prices and prevent flooding problems. . . . Results show four major tendencies regarding the value-added of green/blue spaces in urban landscapes: (1) cities become more compact; (2) population densities increase; (3) real estate values rise; and (4) demographic distribution patterns change. The magnitude of these impacts depends, however, on the quality and size of the intervention [i.e. green/blue space], the social classes attracted to the intervention area and on the location of the intervention relative to existing residential areas, urban centres, road infrastructure and environmental amenities.”
Peter Roebeling, Miguel Saraiva, Anna Palla, Ilaria Gnecco, Carla Teotonio, Teresa Fidelis, Filomena Martins, Henrique Alves, and Joao Rocha. 2017. “Assessing the Socio-Economic Impacts of Green/Blue Space, Urban Residential and Road Infrastructure Projects in the Confluence (Lyon): A Hedonic Pricing Simulation Approach.” Journal of Environmental Planning and Management, vol. 60, no. 3, pp. 482-489.