Measuring the value of window views using real estate big data and computer vision: A case study in Wuhan, China

IF 6 1区经济学 Q1 URBAN STUDIES Cities Pub Date : 2024-10-30 DOI:10.1016/j.cities.2024.105536

Chucai Peng , Yang Xiang , Wenjing Huang , Yale Feng , Yongqi Tang , Filip Biljecki , Zhixiang Zhou

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Abstract

Window views significantly influence residential quality and real estate value, particularly in high-rise residential buildings. Previous studies have predominantly focused on water and green views, resulting in a lack of clarity regarding the influence of other types of views on house prices. In this study, we quantified and analyzed the impacts of 9 window view elements, including sky, high-rise buildings, low-rise buildings, trees, grass, water, hard ground, roads, and barren land, on housing prices using online real estate images and computer vision techniques. Focusing on high-rise buildings constructed in the past five years, our findings, based on spatial hedonic pricing models, reveal that an increased proportion of water views through windows has a significant positive effect on property prices. Conversely, the presence of grass and hard ground is associated with significant negative impacts. This study examines the influence of various window view elements on apartment prices, offering valuable insights for urban planning, architectural design, and property development.

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利用房地产大数据和计算机视觉测量窗景的价值：中国武汉案例研究

窗外景观对住宅质量和房地产价值有重大影响，尤其是高层住宅。以往的研究主要集中于水景和绿景，导致其他类型的景观对房价的影响不够明确。在本研究中，我们利用在线房地产图像和计算机视觉技术，量化分析了天空、高层建筑、低层建筑、树木、草地、水面、硬地、道路和荒地等 9 种窗景元素对房价的影响。我们以过去五年中建成的高层建筑为研究对象，基于空间享乐主义定价模型的研究结果表明，增加窗外水景的比例对房价有显著的积极影响。相反，草地和硬质地面的存在则会产生明显的负面影响。本研究探讨了各种窗景元素对公寓价格的影响，为城市规划、建筑设计和房地产开发提供了有价值的见解。

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来源期刊

Cities URBAN STUDIES-

CiteScore

11.20

自引率

9.00%

发文量

517

期刊介绍： Cities offers a comprehensive range of articles on all aspects of urban policy. It provides an international and interdisciplinary platform for the exchange of ideas and information between urban planners and policy makers from national and local government, non-government organizations, academia and consultancy. The primary aims of the journal are to analyse and assess past and present urban development and management as a reflection of effective, ineffective and non-existent planning policies; and the promotion of the implementation of appropriate urban policies in both the developed and the developing world.