The effects of park and sea landscape on property value in a tourist city
Theorists have traditionally considered the effects of single rather than multiple landscape attributes on property prices, and ignored the interaction between landscape-specific housing attributes. The aim of this paper is to analyze the hedonic attributes of property prices and compare the effects...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2022-09-01
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| Series: | Frontiers in Environmental Science |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fenvs.2022.967094/full |
| _version_ | 1811204082907480064 |
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| author | Dequn Shi Yuhui Zhang Yuhui Zhang Zengxian Liang Zengxian Liang |
| author_facet | Dequn Shi Yuhui Zhang Yuhui Zhang Zengxian Liang Zengxian Liang |
| author_sort | Dequn Shi |
| collection | DOAJ |
| description | Theorists have traditionally considered the effects of single rather than multiple landscape attributes on property prices, and ignored the interaction between landscape-specific housing attributes. The aim of this paper is to analyze the hedonic attributes of property prices and compare the effects on property prices of two key landscape attributes. Seventeen hedonic attributes are used to build a hedonic-pricing model with five dimensions: structure, neighborhood and community, location, environment, and time. A sample of 688 valid houses within 1,000 m of Xiangshan Park in the city of Zhuhai, China is collected. The selected hedonic attributes are found to have significant effects on property prices, explaining around 91% of the observed variation in price. Proximity to the sea has a greater positive influence on property prices than proximity to parks. In addition, people prefer to buy properties with sea views than to live close to the sea. |
| first_indexed | 2024-04-12T03:06:40Z |
| format | Article |
| id | doaj.art-d0491375f2bf4ac89d8a6ca05e22d89b |
| institution | Directory Open Access Journal |
| issn | 2296-665X |
| language | English |
| last_indexed | 2024-04-12T03:06:40Z |
| publishDate | 2022-09-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Environmental Science |
| spelling | doaj.art-d0491375f2bf4ac89d8a6ca05e22d89b2022-12-22T03:50:30ZengFrontiers Media S.A.Frontiers in Environmental Science2296-665X2022-09-011010.3389/fenvs.2022.967094967094The effects of park and sea landscape on property value in a tourist cityDequn Shi0Yuhui Zhang1Yuhui Zhang2Zengxian Liang3Zengxian Liang4Guangdong Vocational Institute of Public Administration, Guangzhou, ChinaKey Laboratory of the Sustainable Development of Xinjiang’s Historical and Cultural Tourism, Xinjiang University, Urumqi, ChinaSchool of Tourism Management, SunYat-sen University, Guangzhou, ChinaKey Laboratory of the Sustainable Development of Xinjiang’s Historical and Cultural Tourism, Xinjiang University, Urumqi, ChinaSchool of Tourism Management, SunYat-sen University, Guangzhou, ChinaTheorists have traditionally considered the effects of single rather than multiple landscape attributes on property prices, and ignored the interaction between landscape-specific housing attributes. The aim of this paper is to analyze the hedonic attributes of property prices and compare the effects on property prices of two key landscape attributes. Seventeen hedonic attributes are used to build a hedonic-pricing model with five dimensions: structure, neighborhood and community, location, environment, and time. A sample of 688 valid houses within 1,000 m of Xiangshan Park in the city of Zhuhai, China is collected. The selected hedonic attributes are found to have significant effects on property prices, explaining around 91% of the observed variation in price. Proximity to the sea has a greater positive influence on property prices than proximity to parks. In addition, people prefer to buy properties with sea views than to live close to the sea.https://www.frontiersin.org/articles/10.3389/fenvs.2022.967094/fulllandscapeproperty priceshedonic analysisurban tourismZhuhai city |
| spellingShingle | Dequn Shi Yuhui Zhang Yuhui Zhang Zengxian Liang Zengxian Liang The effects of park and sea landscape on property value in a tourist city Frontiers in Environmental Science landscape property prices hedonic analysis urban tourism Zhuhai city |
| title | The effects of park and sea landscape on property value in a tourist city |
| title_full | The effects of park and sea landscape on property value in a tourist city |
| title_fullStr | The effects of park and sea landscape on property value in a tourist city |
| title_full_unstemmed | The effects of park and sea landscape on property value in a tourist city |
| title_short | The effects of park and sea landscape on property value in a tourist city |
| title_sort | effects of park and sea landscape on property value in a tourist city |
| topic | landscape property prices hedonic analysis urban tourism Zhuhai city |
| url | https://www.frontiersin.org/articles/10.3389/fenvs.2022.967094/full |
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