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dc.contributor.authorHyejin Lee
dc.contributor.authorByoungkil Lee
dc.contributor.authorSangkyeong Lee
dc.date.accessioned2020-10-16T18:57:53Z
dc.date.available2020-10-16T18:57:53Z
dc.date.created2020-10-14 23:33
dc.date.issued2020-10-01
dc.identifieroai:doaj.org/article:e33a946d2d564cec93a0a4fd29f718a7
dc.identifier10.3390/su12198275
dc.identifier2071-1050
dc.identifierhttps://doaj.org/article/e33a946d2d564cec93a0a4fd29f718a7
dc.identifier.urihttp://hdl.handle.net/20.500.12424/3975279
dc.description.abstractNatural landscape views have positive sides, such as providing restorative effects to urban residents, and negative sides, such as deepening wealth inequality. Previous studies have mainly focused on the positives and rarely on the negatives. From this perspective, this study aimed to analyze the unequal impact of natural landscape views on housing prices for apartments in Seoul. We proposed a visual perception model to analyze natural landscape views and, based on a hedonic price model, we used ordinary least squares and quantile regression to estimate the marginal impacts on housing prices. The results show that: (1) natural landscape views had positive impacts on housing prices, but their impacts did not reach the level of structural and locational characteristics such as apartment area and the distance to subway stations; (2) natural landscape views had different marginal impacts by housing price range and, in particular, had much higher value-added effects on higher-priced apartments, meaning that if old apartment complexes are redeveloped into high-rise ones, the improvement in natural landscape views generates great profit for apartment owners and intensifies wealth inequality; (3) the geographic information system-based visual perception model effectively quantified the natural landscape views of wide areas and is thus applicable for the rigorous analysis of various landscape views.
dc.languageEN
dc.publisherMDPI AG
dc.relation.ispartofhttps://www.mdpi.com/2071-1050/12/19/8275
dc.relation.ispartofhttps://doaj.org/toc/2071-1050
dc.sourceSustainability, Vol 12, Iss 8275, p 8275 (2020)
dc.subjectnatural landscape
dc.subjectviews
dc.subjectvisual perception
dc.subjecthousing price
dc.subjecthedonic price model
dc.subjectquantile regression
dc.subjectEnvironmental effects of industries and plants
dc.subjectTD194-195
dc.subjectRenewable energy sources
dc.subjectTJ807-830
dc.titleThe Unequal Impact of Natural Landscape Views on Housing Prices: Applying Visual Perception Model and Quantile Regression to Apartments in Seoul
dc.typeArticle
ge.collectioncode2071-1050
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ge.lastmodificationdate2020-10-14 23:33
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ge.oai.setnameLCC:Environmental effects of industries and plants
ge.oai.setnameLCC:Renewable energy sources
ge.oai.setnameLCC:Environmental sciences
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ge.linkhttps://doaj.org/article/e33a946d2d564cec93a0a4fd29f718a7


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