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Abstract
With the increasing number of people starting to attach importance to urban green space (UGS), estimating urban residents’ demand for UGS has become critical. Previous studies have estimated residents’ demands for UGS in different cities using the Rosen–Roback model. However, there has been little analysis of the renters’ requirements for UGS or the dynamic and heterogeneous demands for UGS by residents in cities with varying characteristics. In this study, the prefecture-level cities in China were selected as the object of study for their wide representation of various city characteristics, and the Rosen–Roback model was used to address the abovementioned issues. Residents’ demand for UGS in 285 prefecture-level cities was assessed from 2010 to 2017. The results confirm our hypothesis that when UGS increases by 1%, house prices will increase by about 3% and rents will increase by about 7%, and the demand continues to grow. We also analyzed the heterogeneous demands for UGS by urban residents in different types of cities from three aspects: population density, economic level, and the effects of the National Forest City policy. Finally, we provided suggestions based on empirical results for planning and managing UGS.
Highlights
Urban green spaces (UGSs) are the foundation of the urban ecosystem, which provide opportunities for a wide range of leisure, sports, and recreational activities [1,2,3]
Our results show that even after controlling for other factors, the coefficients of LnTPA and LnPPA are all positive and significant, which indicates that UGS has a positive impact on house prices
After adding the control variables, when UGS increases by 1%, house prices increase by about 3.0%, and rents increase by about 7%
Summary
Urban green spaces (UGSs) are the foundation of the urban ecosystem, which provide opportunities for a wide range of leisure, sports, and recreational activities [1,2,3]. Planned and managed UGS can improve the urban environment, as well as contribute to urban residents by providing physical and psychological benefits [4,5,6,7,8,9]. Using the Rosen–Roback model, previous studies have shown that the amenities in cities have a positive impact on the local house prices, confirming that urban residents need amenities such as UGS [12,13,14,15]. Little attention has been devoted to the impact on rent or the dynamic and heterogeneous demand by residents across different cities [19,20]. It is essential to assess the demand for UGS by home buyers and renters more appropriately using data with improved spatial and/or temporal coverage and attacking the dynamic changes and heterogeneity issues
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