Kam, J.W. van der (2020) Do Your Neighbor's Looks Matter? Aesthetic Appeal of the Urban Environment and House Prices: A Case Study of Lyon and Toulouse. Master thesis.
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Abstract
This study investigates the association between the aesthetic appeal of the urban environment and the prices of neighboring houses. Estimations are made by means of hedonic pricing models for two French cities: Lyon and Toulouse. A proxy for the aesthetic appeal of the urban environment is generated with the number of geo-located user-generated public images uploaded on online photo-sharing website Flickr. The findings show that the aesthetic appeal of the urban environment does have a positive association with nearby house prices. The results state that houses with several pictures within 50 meters are associated with at least 3.95 to 5.25 percent higher house prices, as opposed to houses with zero pictures within a 50-meter radius. The findings of this study can inform policy makers who make decisions that involve the regulation of aesthetics in the urban environment, maximizing well-being for urban citizens.
| Item Type: | Thesis (Master) |
|---|---|
| Degree programme: | Real Estate Studies |
| Supervisor: | Daams, M. |
| Date Deposited: | 23 Apr 2020 05:12 |
| Last Modified: | 23 Apr 2020 05:12 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/60 |
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