Having a house or an apartment in Dublin which is within walking distance of a park significantly adds to its property value , an environment conference has been told. An analysis of 40,000 transactions and proximity to parks and green spaces including water shows parks have the most positive effect. It suggests Dublin Parks have an aggregate value of €3.4 billion when capitalised into the nearby housing stock. If increased property tax was applied, it would generate €6 million a year in extra revenue, which could be ringfenced for park development, he told the conference hosted by the ESRI and EPA. Prof Mark Scott of UCD School of Architecture said Dublin parks suffered during the period of austerity.

Source: The Irish Times January 17, 2020 18:00 UTC