IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i24p16613-d1000667.html
   My bibliography  Save this article

Influence of the Urban Green Spaces of Seville (Spain) on Housing Prices through the Hedonic Assessment Methodology and Geospatial Analysis

Author

Listed:
  • Emilio Ramírez-Juidías

    (Instituto Universitario de Arquitectura y Ciencias de la Construcción (IUACC), Universidad de Sevilla, 2 Reina Mercedes Avenue, 41012 Seville, Spain)

  • José-Lázaro Amaro-Mellado

    (Departamento de Ingeniería Gráfica, Universidad de Sevilla, 41092 Seville, Spain
    Instituto Geográfico Nacional-Servicio Regional en Andalucía, 41013 Seville, Spain)

  • Jorge Luis Leiva-Piedra

    (Laboratorio de Investigación en Teledetección, Universidad Tecnológica del Perú, Intersección Avenida El Progreso s/n-Vía de Evitamiento, Chiclayo 14001, Peru)

Abstract

The city of Seville (Spain) is made up of a historical network of pre-existing city overlaps, which increase the economic and heritage value of certain urban areas. To date, green spaces are one of the most important variables in determining the economic value of housing. Thus, this paper uses the hedonic technique and geostatistical analysis with GIS as a methodological approach to infer the economic influence of urban green spaces on housing prices. Along with the traditional variables used to explain dwelling prices, the size of the green space has also been taken into account as an environmental variable affecting prices. The sample consists of 1000 observations collected from Seville. According to the findings, the most relevant variables depend on the hedonic model. Still, in general terms, a dwelling’s selling price is related to basic explanatory variables such as living area, number of rooms, age, and number of baths. The green area per inhabitant present in a dwelling’s district is also included as part of these basic explanatory variables. In conclusion, the hedonic linear model is the model that best fits housing prices where the values are similar to those obtained by kriging regardless of the district. Based on this research, each square meter of green space per inhabitant in a district raises the housing value by 120.19 €/m 2 .

Suggested Citation

  • Emilio Ramírez-Juidías & José-Lázaro Amaro-Mellado & Jorge Luis Leiva-Piedra, 2022. "Influence of the Urban Green Spaces of Seville (Spain) on Housing Prices through the Hedonic Assessment Methodology and Geospatial Analysis," Sustainability, MDPI, vol. 14(24), pages 1-15, December.
  • Handle: RePEc:gam:jsusta:v:14:y:2022:i:24:p:16613-:d:1000667
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/24/16613/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/14/24/16613/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Du, Mengbing & Zhang, Xiaoling, 2020. "Urban greening: A new paradox of economic or social sustainability?," Land Use Policy, Elsevier, vol. 92(C).
    2. Lee, Brian & Wang, Szu-Yung & Lin, Tzu-Chin & Chang, Hung-Hao, 2021. "Underground pipeline explosions and housing prices: Quasi-experimental evidence from an urban city," Land Use Policy, Elsevier, vol. 111(C).
    3. Touseef Hussain & Jaffar Abbas & Zou Wei & Mohammad Nurunnabi, 2019. "The Effect of Sustainable Urban Planning and Slum Disamenity on The Value of Neighboring Residential Property: Application of The Hedonic Pricing Model in Rent Price Appraisal," Sustainability, MDPI, vol. 11(4), pages 1-20, February.
    4. Yi-Ya Hsu & Scott Hawken & Samad Sepasgozar & Zih-Hong Lin, 2022. "Beyond the Backyard: GIS Analysis of Public Green Space Accessibility in Australian Metropolitan Areas," Sustainability, MDPI, vol. 14(8), pages 1-25, April.
    5. Glumac, Brano & Herrera-Gomez, Marcos & Licheron, Julien, 2019. "A hedonic urban land price index," Land Use Policy, Elsevier, vol. 81(C), pages 802-812.
    6. Shruti Lahoti & Mohamed Kefi & Ashish Lahoti & Osamu Saito, 2019. "Mapping Methodology of Public Urban Green Spaces Using GIS: An Example of Nagpur City, India," Sustainability, MDPI, vol. 11(7), pages 1-23, April.
    7. Miguel Ángel Solano-Sánchez & José António C. Santos & Margarida Custódio Santos & Manuel Ángel Fernández-Gámez, 2021. "Holiday Rentals in Cultural Tourism Destinations: A Comparison of Booking.com-Based Daily Rate Estimation for Seville and Porto," Economies, MDPI, vol. 9(4), pages 1-16, October.
    8. Moore, Michael R. & Doubek, Jonathan P. & Xu, Hui & Cardinale, Bradley J., 2020. "Hedonic Price Estimates of Lake Water Quality: Valued Attribute, Instrumental Variables, and Ecological-Economic Benefits," Ecological Economics, Elsevier, vol. 176(C).
    9. Polixeni Iliopoulou & Elissavet Feloni, 2022. "Spatial Modelling and Geovisualization of House Prices in the Greater Athens Region, Greece," Geographies, MDPI, vol. 2(1), pages 1-21, February.
    10. Wu, Chao & Du, Yihao & Li, Sheng & Liu, Pengyu & Ye, Xinyue, 2022. "Does visual contact with green space impact housing pricesʔ An integrated approach of machine learning and hedonic modeling based on the perception of green space," Land Use Policy, Elsevier, vol. 115(C).
    11. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    12. Philip Stessens & Frank Canters & Marijke Huysmans & Ahmed Z. Khan, 2020. "Urban green space qualities: An integrated approach towards GIS-based assessment reflecting user perception," ULB Institutional Repository 2013/298795, ULB -- Universite Libre de Bruxelles.
    13. José L Oviedo & Pablo Campos & Alejandro Caparrós, 2022. "Contingent valuation of landowner demand for forest amenities: application in Andalusia, Spain," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 49(3), pages 615-643.
    14. Randy E. Dumm & Charles Nyce & G. Stacy Sirmans & Greg T. Smersh, 2022. "Pricing Moral Hazard in Residential Properties: The Impact of Sinkhole Claims on House Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 64(1), pages 30-70, January.
    15. Stessens, Philip & Canters, Frank & Huysmans, Marijke & Khan, Ahmed Z., 2020. "Urban green space qualities: An integrated approach towards GIS-based assessment reflecting user perception," Land Use Policy, Elsevier, vol. 91(C).
    16. Dao, Phong B., 2022. "Condition monitoring and fault diagnosis of wind turbines based on structural break detection in SCADA data," Renewable Energy, Elsevier, vol. 185(C), pages 641-654.
    17. Łaszkiewicz, Edyta & Heyman, Axel & Chen, Xianwen & Cimburova, Zofie & Nowell, Megan & Barton, David N, 2022. "Valuing access to urban greenspace using non-linear distance decay in hedonic property pricing," Ecosystem Services, Elsevier, vol. 53(C).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Senhong Cai & Zhonghua Gou, 2023. "Are Green Spaces More Available and Accessible to Green Building Users? A Comparative Study in Texas," Land, MDPI, vol. 12(1), pages 1-20, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cyprian Chwiałkowski & Adam Zydroń, 2021. "Socio-Economic and Spatial Characteristics of Wielkopolski National Park: Application of the Hedonic Pricing Method," Sustainability, MDPI, vol. 13(9), pages 1-17, April.
    2. Bohong Zheng & Rui Guo & Komi Bernard Bedra & Yanfen Xiang, 2022. "Quantitative Evaluation of Urban Style at Street Level: A Case Study of Hengyang County, China," Land, MDPI, vol. 11(4), pages 1-28, March.
    3. Jaloliddin Rustamov & Zahiriddin Rustamov & Nazar Zaki, 2023. "Green Space Quality Analysis Using Machine Learning Approaches," Sustainability, MDPI, vol. 15(10), pages 1-25, May.
    4. Amy Phillips & Dimitra Plastara & Ahmed Z. Khan & Frank Canters, 2023. "Integrating public perceptions of proximity and quality in the modelling of urban green space access," ULB Institutional Repository 2013/371425, ULB -- Universite Libre de Bruxelles.
    5. Amy Phillips & Ahmed Z. Khan & Frank Canters, 2021. "Use-Related and Socio-Demographic Variations in Urban Green Space Preferences," Sustainability, MDPI, vol. 13(6), pages 1-22, March.
    6. Amy Phillips & Ahmed Z. Khan & Frank Canters, 2021. "Use-related and socio-demographic variations in urban green space preferences," ULB Institutional Repository 2013/326192, ULB -- Universite Libre de Bruxelles.
    7. Liu, Hongxiao & Hamel, Perrine & Tardieu, Léa & Remme, Roy P. & Han, Baolong & Ren, Hai, 2022. "A geospatial model of nature-based recreation for urban planning: Case study of Paris, France," Land Use Policy, Elsevier, vol. 117(C).
    8. Yuanyuan Chen & Xinli Ke & Min Min & Yue Zhang & Yaqiang Dai & Lanping Tang, 2022. "Do We Need More Urban Green Space to Alleviate PM 2.5 Pollution? A Case Study in Wuhan, China," Land, MDPI, vol. 11(6), pages 1-16, May.
    9. Selda İnançoğlu & Havva Arslangazi Uzunahmet & Özge Özden, 2023. "The Effect of Green Spaces on User Satisfaction in Historical City of Nicosia," Sustainability, MDPI, vol. 15(16), pages 1-18, August.
    10. Małgorzata Sztubecka & Alicja Maciejko & Marta Skiba, 2022. "The Landscape of the Spa Parks Creation through Components Influencing Environmental Perception Using Multi-Criteria Analysis," Sustainability, MDPI, vol. 14(9), pages 1-17, May.
    11. Xueting Pan & Jialing Zhao, 2025. "Coupling Coordination Analysis and Spatiotemporal Heterogeneity Between Green Space Quality and Economic Development: A Case Study of the Yangtze River Delta in China," Sustainability, MDPI, vol. 17(5), pages 1-24, February.
    12. Wei XIAOHUI & Nurhayati Abdul MALEK & Salina MOHAMED ALI, 2024. "The Impact Of Sustainable Development Goals On Urban Green Space: A Bibliometric Analysis Of The Literature," Theoretical and Empirical Researches in Urban Management, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 19(3), pages 31-48, August.
    13. Talib Hussain & Dake Wang & Benqian Li, 2024. "Stakeholder Perspectives on the Role of Social Media in Urban Green Space, Land Management, and Resilience in Gilgit-Baltistan," Land, MDPI, vol. 13(7), pages 1-28, June.
    14. Kourtit, Karima & Nijkamp, Peter & Türk, Umut & Wahlstrom, Mia, 2022. "City love and place quality assessment of liveable and loveable neighbourhoods in Rotterdam," Land Use Policy, Elsevier, vol. 119(C).
    15. Yiyang Guo & Guoping Lei & Luyang Zhang, 2023. "Quality Evaluation of Park Green Space Based on Multi-Source Spatial Data in Shenyang," Sustainability, MDPI, vol. 15(11), pages 1-15, June.
    16. David Wolf & Sathya Gopalakrishnan & H. Allen Klaiber, 2022. "Staying afloat: The effect of algae contamination on Lake Erie housing prices," American Journal of Agricultural Economics, John Wiley & Sons, vol. 104(5), pages 1701-1723, October.
    17. Zhiming Li & Xiyang Chen & Zhou Shen & Zhengxi Fan, 2022. "Evaluating Neighborhood Green-Space Quality Using a Building Blue–Green Index (BBGI) in Nanjing, China," Land, MDPI, vol. 11(3), pages 1-18, March.
    18. Shuhui Yu & Xin Guan & Junfan Zhu & Zeyu Wang & Youting Jian & Weijia Wang & Ya Yang, 2023. "Artificial Intelligence and Urban Green Space Facilities Optimization Using the LSTM Model: Evidence from China," Sustainability, MDPI, vol. 15(11), pages 1-14, June.
    19. Mouratidis, Kostas & Yiannakou, Athena, 2022. "What makes cities livable? Determinants of neighborhood satisfaction and neighborhood happiness in different contexts," Land Use Policy, Elsevier, vol. 112(C).
    20. Argyro Anna Kanelli & Maria Lydia Vardaka & Chrisovaladis Malesios & Zainab Jamidu Katima & Olga-Ioanna Kalantzi, 2024. "Can Campus Green Spaces Be Restorative? A Case Study from Tanzania," Sustainability, MDPI, vol. 16(3), pages 1-21, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:24:p:16613-:d:1000667. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.