Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
6546536 | Land Use Policy | 2018 | 9 Pages |
Abstract
Identifying urban wetland's impact on housing prices and its amenity value has attracted much attentions. We estimate the heterogeneous price effects and amenity value of urban wetland for the Xixi National Wetland in Hangzhou, China, using the hedonic price method. By controlling for locational and community attributes, spatial and temporal effects, we found significant and heterogeneous amenity values for proximity to urban wetland. Urban wetland significantly increases housing values within the surrounding 5â¯km, and most significantly within 1â¯km. Proximity to the urban wetland by 1â¯km averagely increases housing prices by 195 yuan per square meter. Furthermore, proximity values for urban wetland have overall been increasing over the years, but vary throughout the housing market cycle.
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Authors
Xuejun Du, Zhonghua Huang,