Table 1: Value of cultural services of PAGS and blue spaces capitalised into property prices by year
Year,Average value (£),95% CI lower bound (£),95% CI upper bound (£),Average value (% of average price),Stock value (£billion),Aesthetic value (£billion),Recreational value (£billion),N properties (billion)
2009,"2,519.3","2,260.1","3,132.9",1.05%,66.84,11.24,55.59,26.5
2010,"3,274.8","2,965.1","3,647.5",1.36%,87.42,10.84,76.59,26.7
2011,"3,295.8","3,070.2","3,806.8",1.33%,88.51,9.68,78.83,26.9
2012,"3,427.0","2,997.9","3,725.4",1.37%,92.56,10.59,81.97,27.0
2013,"3,313.5","3,004.4","3,731.5",1.30%,89.96,11.27,78.70,27.2
2014,"3,249.0","2,877.9","3,590.1",1.29%,88.72,10.89,77.82,27.3
2015,"2,814.0","2,484.9","3,145.4",1.21%,77.38,9.66,67.72,27.5
2016,"2,813.8","2,401.5","3,089.0",1.19%,77.98,9.43,68.55,27.7
Source: ,Office for National Statistics
Notes
1,2018 prices
2,Average value is estimated as the average of the difference between the predicted price based on the real data and the predicted price if there were no publicly accessible green spaces (PAGS) nor blue spaces. The average is computed on all properties including those with no access to green or blue spaces.
3,"We derive 95% confidence intervals via bootstrapping. Because of the computational cost of estimating the model and deriving the final estimates, we only achieved 200 replications. Therefore, the resulting confidence intervals may not adequately reflect the uncertainty in the point estimate for the smaller travel to work areas and should be interpreted with caution."