Impacts of mining on the residential rental market in Ouro Preto, Brazil
DOI:
https://doi.org/10.18472/SustDeb.v16n1.2025.57080Keywords:
Real estate, Hedonic prices, Mining companies, Residential leasingAbstract
The impact of mining on residential rents is a significant concern in mining regions. This study examined the impact of negative externalities from mining companies Vale and Samarco on rental prices in Ouro Preto, Minas Gerais, in 2023. To achieve the proposed objective, a hedonic pricing model was estimated. The results showed that the closer a property is to mining activities, the lower its rental value, indicating a depreciation of real estate values. The conclusions suggest that mining externalities affect the local real estate market, which is relevant for the creation of public policies that balance economic development and the mitigation of the negative impacts of mining.
Downloads
References
AGÊNCIA NACIONAL DE MINERAÇÃO. Report mensal barragens de mineração. Available in: https://www.gov.br/
anm/pt-br/assuntos/barragens/boletim-de-barragens-de-mineracao/boletim-mensal-marco-2024.pdf. Access
at: jun. 2024.
AKINSOMI, O.; BANGURA, M.; YACIM, J. Mining activities and housing price nexus: evidence from South
Africa. International Journal of Housing Markets and Analysis, 2024. Available in: https://doi.org/10.1108/
IJHMA-11-2023-0158.
BAI, J.; XU, X.; DUAN, Y.; ZHANG, G.; WANG, Z.; WANG, L.; ZHENG, C. Evaluation of resource and environmental
carrying capacity in rare earth mining areas in China. Scientific Reports, v. 12, p. 6105, 2022.
BEN, S.; ZHU, H.; LU, J.; WANG, R. Valuing the accessibility of green spaces in the housing market: a spatial hedonic
analysis in Shanghai, China. Land, v. 12, n. 1660, 2023. Available in: https://doi.org/10.3390/land12091660.
BRASIL. Instituto do Patrimônio Histórico e Artístico Nacional. Portaria nº 312, de 20 de outubro de 2010. Estabelece
medidas de proteção e regulamentação para edificações em áreas tombadas. Diário Oficial da União: seção 1,
Brasília, DF, 21 out. 2010. Available in: http://portal.iphan.gov.br/uploads/legislacao/Portaria_n_312_de_20_de_
outubro_de_2010.pdf. Access at: 8 mar. 2025.
CAMPOS, R. B. A.; ALMEIDA, E. S. Decomposição espacial nos preços de imóveis residenciais no município de São
Paulo. Estudos Econômicos (São Paulo), v. 48, n. 1, p. 5–38, 2018.
CAMPOS, R. B. A. O mercado imobiliário residencial no município de São Paulo: uma abordagem de preços
hedônicos espacial. Nova Economia, Belo Horizonte, v. 27, n. 1, p. 303-337, abr. 2017.
CIARLINI, M. G. C.; RAMOS, F. S.; FERREIRA, M. O. Locação de imóveis: uma aplicação de preços hedônicos para a
cidade do Recife. Revista Econômica do Nordeste, v. 53, n. 2, p. 124-143, 2022.
CORDERA, R.; CHIARAZZO, V.; OTTOMANELLI, M.; DELL’OLIO, L.; IBEAS, A. The impact of undesirable externalities
on residential property values: spatial regressive models and an empirical study. Transport Policy, v. 80, p. 177-
, 2019.
CUI, N. N.; GU, H. Y.; SHEN, T. Y.; FENG, C. C. The impact of micro-level influencing factors on home value: a
housing price-rent comparison. Sustainability, v. 10, n. 12, p. 4343, 2018.
Fernandes, R. A. S.; Fraga, P. C. O.; Fonseca, M. F. Determinantes dos aluguéis residenciais em Mariana, Minas
Gerais. Revista Brasileira de Assuntos Regionais e Urbanos, v. 6, n. 1, p. 1-15, 2020.
FERNANDES, R. A. S.; ROCHA, T. T. P.; MENDES, C. S.; FERREIRA, F. J. R. Determinantes dos valores dos imóveis
residenciais para locação no município histórico de Ouro Preto, Minas Gerais. Revista de Economia Regional,
Urbana e do Trabalho, v. 10, n. 1, p. 91-108, 2021.
FREITAS, H. D.; CIRINO, J. F. Uma análise de preços de aluguéis de imóveis em uma cidade universitária. Um
estudo de caso de Viçosa (MG). Revista de Ciências Humanas, v. 20, n. 2, p. 247-266, 2020.
FREITAS, Y. G. P. M.; MOREIRA, F. G. P.; SOUZA, A. H. F.; SANTOS, V. I. M. Hedonic approach to vertical residential
rentals in the Brazilian Amazon: the case of Belém, Pará. Buildings, v. 14, p. 728, 2024. Available in: https://doi.
org/10.3390/buildings14030728.
FURTADO, B. A. Modeling social heterogeneity, neighborhoods and local influences on urban real estate prices:
spatial dynamic analyses in the Belo Horizonte Metropolitan Area, Brazil. 2009. Tese (Doutorado em Economia)
– Utrecht University, Utrecht.
HUSSAIN, T.; ABBAS, J.; WEI, Z.; AHMAD, S.; XUEHAO, B.; GAOLI, Z. Impact of urban village disamenity on
neighboring residential properties: empirical evidence from Nanjing through hedonic pricing model appraisal.
Journal of Urban Planning and Development, v. 147, n. 1, 2021. Available in: https://doi.org/10.1061/(ASCE)
UP.1943-5444.0000645.
INSTITUTO BRASILEIRO DE GEOGRAFIA E ESTATÍSTICA – IBGE. Panorama. 2022. Available in: https://cidades.ibge.
gov.br/brasil/mg/panorama. Access at: 17 set. 2022.
INSTITUTO BRASILEIRO DE GEOGRAFIA E ESTATÍSTICA – IBGE. Censo 2022 – Indicadores. 2023. Available in:
https://censo2022.ibge.gov.br/panorama/indicadores.html. Access at: 14 abr. 2024.
KOLALA, C.; POLYAKOV, M.; FOGARTY, J. Impacts of mining on property values in Kalgoorlie-Boulder, Western
Australia. Resources Policy, v. 68, p. 101777, 2020. Available in: https://doi.org/10.1016/j.resourpol.2020.101777.
LIANG, X.; LIU, Y.; QIU, T.; JING, Y.; FANG, F. The effects of locational factors on the housing prices of residential
communities: the case of Ningbo, China. Habitat International, v. 81, p. 1–11, 2018. Available in: https://doi.
org/10.1016/j.habitatint.2018.09.004.
LI, H.; WEI, Y. D.; WU, Y.; TIAN, G. Analyzing housing prices in Shanghai with open data: amenity, accessibility and
urban structure. Cities, v. 91, p. 165–179, 2019.
LIU, Z.; HUANG, H.; SIIKAMÄKI, H.; XU, J. Area-based hedonic pricing of urban green amenities in Beijing: a spatial
piecewise approach. Environmental and Resource Economics, v. 87, n. 5, p. 1223-1248, maio 2024.
LU, Y.; SHI, V.; PETTIT, C. J. The impacts of public schools on housing prices of residential properties: a case study
of Greater Sydney, Australia. ISPRS International Journal of Geo-Information, v. 12, n. 298, 2023. Available in:
https://doi.org/10.3390/ijgi12070298.
PAIXÃO, L. A. R. Índice de preços hedônicos para imóveis: uma análise para o município de Belo Horizonte.
Economia Aplicada, v. 19, n. 1, p. 5-29, 2015.
PAZ, R. R.; NOBRE, L. H.; NOBRE, F. C. Determinantes de preços no mercado imobiliário à luz do modelo hedônico.
Revista Gestão em Análise, Fortaleza, v. 9, n. 2, p. 60-70, maio/ago. 2020. Available in: 10.12662/2359-618xregea.
v9i2.p60-70.2020.
RIVERA, N. M. Is mining an environmental disamenity? Evidence from resource extraction site openings.
Environmental and Resource Economics, v. 75, p. 485–528, 2020. Available in: https://doi.org/10.1007/s10640-
-00397-w.
SEDAGHATI, A.; PIRBABAEI, M. T.; NOURIAN, F.; BEYTI, H. The literature review on value indicators of urban housing
using the hedonic method analysis. International Journal Architectural Engineering and Urban Planning, v. 32,
n. 4, p. 1-12, 2020.
SILVA, F. F.; SILVA, J. F.; TUPY, I. S. Reflexões sobre resiliência econômica regional: o cenário pós-desastre de
Mariana (MG). Redes, Santa Cruz do Sul, v. 24, n. 2, p. 29-55, 2019.
SILVA, L. N. O.; SILVA, J. G.; ALMEIDA, R. B. Environmental disasters and their impacts on the Brazilian economy:
the mining industry case. Environment, Development and Sustainability, p. 1–21, 2023.
SILVA, L. P. C. S.; SANTANA, J. R. Influência das amenidades nos preços dos imóveis: uma análise para os bairros
Jardins e Grageru em Aracaju. Reflexões Econômicas, v. 5, n. 2, p. 108-132, 2020.
TOTANJI, D. M.; ISHAK, M. S. B. Factors affecting residential land prices: a review of the literature. SCIREA Journal
of Civil Engineering and Building Construction, v. 8, n. 1, p. 1-33, fev. 2023. Available in: 10.54647/cebc560115.
USTAOGLU, E. Hedonic price analysis of office rents: a case study of the office market in Ankara. 2003. Dissertação
(Mestrado) – Middle East Technical University, Ankara.
VERGARA-PERUCICH, F. Testing housing price drivers in Santiago de Chile: a hedonic price approach. Critical
Housing Analysis, v. 10, n. 2, p. 44-57, 2023. Available in: https://doi.org/10.13060/23362839.2023.10.2.558.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Sustainability in Debate

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
SUSTAINABILITY IN DEBATE – Copyright Statement
The submission of original scientific work(s) by the authors, as the copyright holders of the text(s) sent to the journal, under the terms of Law 9.610/98, implies in the concession of copyrights of printed and/or digital publication to the Sustainability in Debate Journal of the article(s) approved for publication purposes, in a single issue of the journal. Furthermore, approved scientific work(s) will be released without any charge, or any kind of copyright reimbursement, through the journal’s website, for reading, printing and/or downloading of the text file, from the date of acceptance for publication purposes. Therefore, the authors, when submitting the article (s) to the journal, and gratuitous assignment of copyrights related to the submitted scientific work, are fully aware that they will not be remunerated for the publication of the article(s) in the journal.
The Sustainability in Debate Journal is licensed under Creative Commons License – Non-Commercial-No-Derivation Attribution (Derivative Work Ban) 3.0 Brazil, aiming at dissemination of scientific knowledge, as indicated on the journal's website, which allows the text to be shared, and be recognized in regards to its authorship and original publication in this journal.
Authors are allowed to sign additional contracts separately, for non-exclusive distribution of the works published in the Sustainability in Debate Journal (for example, in a book chapter), provided that it is expressed the texts were originally published in this journal. Authors are allowed and encouraged to publish and distribute their text online, following publication in Sustainability in Debate (e.g. in institutional repositories or their personal pages). The authors expressly agree to the terms of this Copyright Statement, which will be applied following the submission and publishing by this journal.