کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1049584 1484650 2012 8 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The impact of landscape views and storey levels on property prices
موضوعات مرتبط
علوم زیستی و بیوفناوری علوم کشاورزی و بیولوژیک بوم شناسی، تکامل، رفتار و سامانه شناسی
پیش نمایش صفحه اول مقاله
The impact of landscape views and storey levels on property prices
چکیده انگلیسی

The relationship between a property's transaction price and its landscape views has attracted scholarly attention over the years. The Spatial Durbin model, which can provide an unbiased estimate in all types of true spatial data-generation, is introduced in this study to discuss the impact of these landscape view factors on property prices. The emphasis of this paper is on various landscape view influences on different submarkets (i.e. storeys) of high-rise buildings in a compact city such as Hong Kong. The findings indicate that while the availability of garden view is found to be positively correlated with transaction prices of flats in all three submarkets, varying degrees of differences are observed as to the impact of landscape attributes (such as seaview and proximity to avenue/street) and of the spatial lag effect on transaction prices of flats in these submarkets. In particular, contrary to popular beliefs, the availability of seaview is not considered a positive attribute to the transaction prices of high-storey flats. These differences indicate the importance of vertical spatial influence which has not been considered in conventional spatial models, but is useful in studying the situations in other cities which are also compact and consist mainly of high-rise buildings.


► Landscape views have a significant role in the pricing of urban real estate market.
► House prices tend to increase with sea and garden views.
► Yet, for high level units, seaview becomes negatively associated with prices.
► Avenue and street views have a negative impact, but diminishing at higher levels.
► Storey levels show non-linearity impact on price at lower levels, but linearity at higher levels.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Landscape and Urban Planning - Volume 105, Issues 1–2, 30 March 2012, Pages 86–93
نویسندگان
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