Bosch, F; (2008) Measuring the economic impacts and value of home zones in the UK: Six case studies. Doctoral thesis , UCL (University College London).

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Abstract

This dissertation builds on recent studies which have been trying to understand and measure the economic impacts of urban design and public realm. Their objective is to improve the quality of urban environments by making more efficient use of public and private resources. Particularly this dissertation looks at Home Zone's projects in the UK. We raise the question about the benefits they accomplish from an economic perspective. Using the information available from the Land Registry and a proposed methodology we estimate the total impact of Home Zones over property prices for six case studies. We then compare this value against their original investments. From our analysis we observe positive property impacts for half of the projects studied. Anyhow when compared to their initial costs only one of them comes out with positive figures. As such, Home Zones do not seem to be quite an efficient investment for the improvement of the built environment As a conclusion, we agree with what other evaluations have observed in terms of the need for new approaches on residential street improvement programmes.

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