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Date: April 30, 2024 Tue
Time: 12:22 am
Time: 12:22 am
Results for property values and crime
1 results foundAuthor: Vetter, David M. Title: The Impact of the Sense of Security from Crime on Residential Property Values in Brazilian Metropolitan Areas Summary: Using a hedonic residential rent model for Brazil's metropolitan areas calibrated with micro data from Brazil's annual household survey, we estimate that increasing the sense of security in the home by one standard deviation would increase average home values by R$1,513 (US$757) or about US$13.6 billion if applied to all 18.0 million households in the study area. Our principal components analysis of sense of security and crime victimization variables indicates that higher income households tend to feel more secure from crime in the home, even though theft and robbery victimization tend to rise with household income and rent. Higher levels of home protection measures by higher income households partially explain this. Details: Rio de Janeiro: David Vetter Consultoria Econômica Ltda., 2013. 69p. Source: Internet Resource: Working Paper: Accessed February 4, 2013 at: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=37414262 Year: 2013 Country: Brazil URL: http://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=37414262 Shelf Number: 127470 Keywords: Crime (Brazil)Crime PreventionProperty Values and CrimeSecurity Systems |