People’s preference for living near greenspace is expressed by their willingness to pay more for a property that is located nearby, than they would pay for the same property if it were further away. The higher property prices near greenspaces are used to measure its value as a local amenity and contribution to the attractiveness of a residential area. This methodology is called Natural Capital Accounting and has been developed by Vivid Economics over the last few years and is now widely adopted to understand this specific value of greenspace.