Economic and Social Perspective of Urban Green Spaces - Printable Version

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Economic and Social Perspective of Urban Green Spaces - satendra - 01-09-2015

Economic and Social Perspective of Urban Green Spaces

Urban forests and trees serve various economic and social purposes. The property owners value the urban forest by the premium they pay to live in neighborhoods urban
green spaces and public parks. View of green spaces and proximity to water bodies raises  the housing prices. Urban shade trees offer significant benefits in reducing building air-conditioning demand and improving urban air quality by reducing smog.  The savings associated with these benefits vary by climate region and can be up to $200 per tree. Urban open green spaces play an important role in offering town-dwellers a more stress free environment, irrespective of sex, age or socio-economic background. The more time people spend outdoors in urban open green spaces, the less they are affected by stress and related complaints. Tree planting and management activities also cause strengthening of community bonds and keeping crime rates low. 


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