Zhongguo tudi kexue · 2009 · 10 citations · 0 references
Social SciencesEconomicsUrban PlanningHousingReal Estate EconomicsUrban EconomicsHedonic PricingHousing DemandHousing EconomicsHousing MarketsLand-use EconomicsMarket-based ValuationHedonic Spatial ModelsHousing Price DynamicsHousing Price ModelingHousing PricesImpactsReal Estate Price EffectsResidential Property PricesSpatial Hedonic Models
The purpose of this paper is to quantitatively analyze the impacts of Nanhu Lake on the prices of peripheral houses.Method of Hedonic Pricing was employed.The results indicate that within 700 meters range from Nanhu Lake,marginally decrease of 100 m in the distance from a house to the Lake leads to 5.65% price increase,namely,315.41 yuan/m(2calculated based on the average house price in Nanhu Lake region,5582.53 yuan/m2,which was published by www.fdc.com.cn).It is concluded that:(1)the existence of landscape surely results in positive impacts on prices of peripheral houses;(2)the quantitative measurement of the impact of landscape on house price could be well calculated through Hedonic pricing method.