Abstract

This study focused on the economic value of housing and environmental attributes with variability according to demand, for the neighborhood adjoining the Sarıçay River in the Çanakkale urban area. Accordingly, an increasing trend emerged for housing prices linked to environmental attributes and attention was drawn to this share which may be used for sustainable development of the region. A survey based on the hedonic pricing method determined the value of the Sarıçay river, strait view, location and landscape qualities. With the sameapproach, a survey based on conditional valuation using a model landscape design created with the “Realtime Landscaping Architect 20” program was used to provide an assessment based on the willingness of 400 residents of the region. From the close results obtained with the two methods, the contribution of environmental attributes to housing prices was found to be 88,229 TL. From here, based on sales of 200 houses in the region, nearly 17,564,800 TL social benefit can be mentioned. Additionally, integration and rational management of this benefitby local administrations will make it possible to provide sustainable ideal environmental development (care and maintenance) for the regional public and living areas.

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