| Distance Band | (1) Urban | (2) Urban/Suburban | (3) No Rivers | (4) No Green Space |
|---|---|---|---|---|
| <=100 m | 0.0268*** (0.0058) | 0.0136 (0.0164) | 0.0583*** (0.0086) | 0.0567*** (0.0090) |
| <=100 m in area specified | 0.0710*** (0.0168) | 0.0726*** (0.0181) | −0.0151 (0.0174) | −0.0015 (0.0128) |
| Observations | 2,048,723 | 2,048,723 | 2,048,723 | 2,048,723 |
| R-squared | 0.78 | 0.78 | 0.78 | 0.78 |
| Absolute price change (mean) £ | 24,122.28 | 14,274.93 | 10,384.62 | 13,324.18 |
Note: Dependent variable is natural log of transacted house prices. Column headings: (1) urban area, (2) urban or suburban area, (3), no rivers within 870 m (top quartile), (4) no green space within 250 m (top quartile). Specification controls for structural characteristics, distances to other water features, rail and town centers, land cover categories, employment variables at LSOA level, MSOA fixed effects, LAD × year × quarter fixed effects. See Appendix Table A1 for the exact list of variables included for each set of controls. Absolute price change is calculated by multiplying the average transacted prices on the estimated premium (main effect plus interaction effect) for properties within 100 m from canal. Average transacted price for regression sample is £234,908. Standard errors are clustered at LSOA level.
↵*, **, *** denote significance level at 10%, 5%, and 1%, respectively.