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008			210331b ||||| |||| 00| 0 eng d
100			_aMittal, Jay _931923
245			_aScenic landscapes, visual accessibility and premium values in a single family housing market: A spatial hedonic approach
260			_bSage, _c2019.
300			_aVol 46, Issue 1, 2019,(66-83 p.)
520			_aThis article uses a hedonic modelling approach to assess the implicit willingness to pay for the visual accessibility of voluntarily protected, privately owned, scenic lands based on single family houses. These lands are perpetually protected to preserve natural, historic, and scenic characteristics. The capitalized house premium was captured using a visual accessibility variable, which was a combined weighted measure of ‘view’ and ‘proximity,’ referred to here as the Gravity Inspired Visibility Index. Both global (adjusted R2 = 0.52, AICc = 29,828) and geographically weighted regression models (adjusted R2 = 0.59, AICc = 29,729) estimated the price effect but the geographically weighted regression model outperformed the global model. The results from the geographically weighted regression model indicated an average 3.4% price premium on the mean value of homes in the study area. The paper offers a useful framework for evaluating the effect of land protection for planning and real estate purposes. It also offers useful insights for conservation agencies, local governments, professional planners, and real estate professionals for prioritizing land sites with scenic views.
650			_aReal estate valuation, _932327
650			_aenvironmental amenities, _945598
650			_ahedonic model, _934109
650			_ageographical information systems, _945599
650			_aspatial analysis _945600
700			_aByahut, Sweta _945601
773	0		_011590 _915512 _dSage 2019. _t Environment and Planning B: Urban Analytics and City Science
856			_uhttps://doi.org/10.1177/2399808317702147
942			_2ddc _cART