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Exploring the influence of an urban water system on housing prices: case study of Zhengzhou

Li, J, Hu, Y and Liu, Chunlu 2020, Exploring the influence of an urban water system on housing prices: case study of Zhengzhou, Buildings, vol. 10, no. 3, Special Issue: Sustainable Development of Buildings: Design, Construction, Quality Inspection, Operation Management, pp. 1-20, doi: 10.3390/buildings10030044.

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Title Exploring the influence of an urban water system on housing prices: case study of Zhengzhou
Author(s) Li, J
Hu, Y
Liu, ChunluORCID iD for Liu, Chunlu orcid.org/0000-0003-1144-4355
Journal name Buildings
Volume number 10
Issue number 3
Season Special Issue: Sustainable Development of Buildings: Design, Construction, Quality Inspection, Operation Management
Start page 1
End page 20
Total pages 20
Publisher MDPI
Place of publication Basel, Switzerland
Publication date 2020-03
ISSN 2075-5309
Keyword(s) water system
housing prices
Hedonic price model
spatial lag model
geo-weighted regression model
Summary A good living environment is the foundation of sustainable housing. Exploring the external influence of environmental factors on housing prices is one of the key issues in the field of real estate research; however, the current study of the urban water landscape on the spillover effect of housing prices is not sufficient. Taking the Zhengzhou residential market as an example, this paper analyzes the effect of an urban water system on residential prices by constructing the traditional Hedonic price model, spatial lag model (SLM) and geographically weighted regression model (GWR) by selecting the main water system and 678 points of residential data in the main urban area. The results show that the accessibility of rivers and lakes and the width and water quality of rivers have a significant effect on residential prices, and the impact of lakes is greater than that of rivers. The spatial heterogeneity of the water system effect is further revealed by adopting spatial lag model and geographically weighted regression model, and the effect of the water system is gradually reduced from the eastern urban area to the western urban area. The results of this study are of great practical significance to the government's municipal planning, water environment management and housing market management.
Language eng
DOI 10.3390/buildings10030044
HERDC Research category C1 Refereed article in a scholarly journal
Free to Read? Yes
Persistent URL http://hdl.handle.net/10536/DRO/DU:30136460

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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.