Abstract Pressure of rapid urbanization on abiotic environmental parameters in the residential blocks is one of the major challenges of city corporation authorities in Bangladesh. Environmental degradation often reduces property value in the housing market. However, the studies attempted to assess the value of environmental amenities and dis-amenities in the housing market of Bangladesh are scarce. Hence, this study examines the economic value of environmental (dis)amenities in the housing market of Khulna city, Bangladesh. Hedonic pricing method was used to assess the value of four environmental attributes - ventilation, open space, waterlogging and landfill by waste in the housing market. The study found these environmental attributes explain the variation of house rents significantly. Environmental amenities–a hundred-meter reduction in proximity to open space leads to a 2 percent increase in rent while a one discrete unit increase in a 5-point ventilation improvement scale from very poor to excellent results in 5.4 rent increase–are found as rent booster in the urban housing market. In contrast, waterlogging and landfill by waste reduce house rents by 3.7 and 9.8 percent for one unit increase in the respective 5-point degradation scales. The further analysis showed that the rental price of planned residential areas is more sensitive to ventilation and landfilling while that of unplanned areas is more sensitive to both environmental dis-amenities – water-logging and landfilling. Furthermore, our study computed the implicit price of these environmental (dis)amenities in the housing markets of Khulna city. This study suggests improving environmental quality boosts house rent, which in turn attracts environment-friendly urbanization.

中文翻译：

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城市住房市场环境（不良）设施的价值：来自孟加拉国库尔纳的证据

摘要 快速城市化对住宅区非生物环境参数的压力是孟加拉国城市公司当局面临的主要挑战之一。环境恶化往往会降低房地产市场的房产价值。然而，试图评估孟加拉国住房市场环境便利和不便利的价值的研究很少。因此，本研究考察了孟加拉国库尔纳市住房市场环境（不良）设施的经济价值。使用特征定价法对住宅市场中的通风、开放空间、内涝和垃圾填埋四个环境属性的价值进行评估。研究发现，这些环境属性显着解释了房屋租金的变化。环境便利设施——在开放空间附近减少 100 米导致租金增加 2%，而在 5 点通风改善量表中，一个离散单元增加从非常差到优秀结果，租金增加 5.4——被发现为租金城市住宅市场的助推器。相比之下，内涝和垃圾填埋在相应的 5 点退化等级中，每增加一个单位，房屋租金就会降低 3.7% 和 9.8%。进一步的分析表明，规划住宅区的租金价格对通风和垃圾填埋场更敏感，而未规划区的租金对环境不舒适性——内涝和垃圾填埋场——更为敏感。此外，我们的研究计算了库尔纳市住房市场中这些环境（不良）设施的隐含价格。