Estimation of the Influence of View Components on High-Rise Apartment Pricing Using a Public Survey and GIS Modeling

Ian D Bishop, Eckart Lange and Alani Muhammad Mahbubul
Additional contact information
Ian D Bishop: Department of Geomatics, The University of Melbourne, Parkville, Victoria 3010, Australia
Eckart Lange: Institute for Spatial and Landscape Planning, Swiss Federal Institute of Technology (ETH), 8093 Zurich, Switzerland
Alani Muhammad Mahbubul: Department of Geomatics, The University of Melbourne, Parkville, Victoria 3010, Australia

Environment and Planning B, 2004, vol. 31, issue 3, 439-452

Abstract: A growing trend towards high-density urban living increases the significance of natural features within the urban fabric. In high-rise living the view is one means of continuing contact with the environment. Using visualizations, public survey techniques, and a geographic information system (GIS), we estimate the effect of parks, water, industry, and high-rise buildings on willingness to pay for views from high-level apartments. With the GIS we determine what will be visible within the view and the proportion of different land uses or structures that make up the view. In order to link the analytical variables to the view values a set of base images is systematically altered in terms of the proportion of water, parks, buildings, and industry present in the scenes. Surveys are conducted to determine the willingness of people to pay for preferred views. The results from a regression analysis show that water and green space have positive coefficients and buildings and industry both have negative coefficients. Particular attention is paid to the influence of distance on the view proportions. Our calculations are compared with empirical results from other studies.

Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1068/b3042 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:envirb:v:31:y:2004:i:3:p:439-452

DOI: 10.1068/b3042

Access Statistics for this article

More articles in Environment and Planning B
Bibliographic data for series maintained by SAGE Publications ().