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The costs of urban property crime

Gibbons, Stephen ORCID: 0000-0002-2871-8562 (2004) The costs of urban property crime. The Economic Journal, 114 (499). F441-F463. ISSN 0013-0133

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Identification Number: 10.1111/j.1468-0297.2004.00254.x


This paper estimates the impact of recorded domestic property crime on property prices in the London area. Crimes in the Criminal Damage category have a significant negative impact on prices. A one-tenth standard deviation decrease in the local density of criminal damage adds 1% to the price of an average Inner London property. Burglaries have no measurable impact on prices, even after allowing for the potential dependence of burglary rates on unobserved property characteristics. One explanation we offer here is that vandalism, graffiti and other forms of criminal damage motivate fear of crime in the community and may be taken as signals or symptoms of community instability and neighbourhood deterioration in general.

Item Type: Article
Official URL:
Additional Information: © 2004 Blackwell Publishers
Divisions: Centre for Economic Performance
Geography & Environment
Subjects: H Social Sciences > HT Communities. Classes. Races
H Social Sciences > HM Sociology
Date Deposited: 30 Nov 2007
Last Modified: 19 May 2024 19:00

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