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Three-dimensional land-use configuration and property prices: A spatially filtered multi-level modelling perspective

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  • Wei Zheng
  • Mingshu Wang

Abstract

The influence of neighbourhood characteristics on housing prices has gained increasing attention from scholars in recent decades. However, studies on the three-dimensional nature of urban space, and particularly the vertical dimension, have remained limited. This study investigates previously unexplored variables that can capture the vertical and horizontal dimensions of land-use configuration. In addition, this study proposes a spatially filtered multi-level approach to modelling variations in property values which can capture both spatial and multi-level effects. The research findings reveal a price premium for housing located in immediate neighbourhoods with more open mid-rise buildings and low plants . The results also demonstrate the varying effects of determinants of house pricing in spatially heterogeneous zones.

Suggested Citation

  • Wei Zheng & Mingshu Wang, 2024. "Three-dimensional land-use configuration and property prices: A spatially filtered multi-level modelling perspective," Environment and Planning B, , vol. 51(2), pages 438-455, February.
    • Handle: RePEc:sae:envirb:v:51:y:2024:i:2:p:438-455
    DOI: 10.1177/23998083231180213
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