The relationship between green space accessibility by multiple travel modes and housing prices: A case study of Beijing

Abstract

Green space accessibility affects housing prices, which is an issue that has been underappreciated. This paper takes Beijing's central urban area as an example. First, the Gaussian-based two-step floating catchment area (G2SFCA) method is used to measure four levels (community green space, subdistrict green space, district green space, and municipal green space) of green space accessibility by multiple travel modes (walking, cycling and driving). Second, the spatial error model (SEM) is used to examine the factors influencing housing prices. Finally, the geographically weighted regression (GWR) model is introduced to explore the spatial relationship between green space accessibility by walking, cycling and driving and housing prices. The results show the following: (1) The SEM shows that only driving accessibility has a positive spatial spillover effect on housing prices, indicating that the spatial inequity of local community green spaces by driving will exacerbate surrounding spatial inequity. (2) The GWR model shows that from the perspective of walking and driving accessibility, most areas within the Second Ring Road show spatial equity in green spaces, while cycling accessibility shows that the spatial inequity of green space exists only outside the Second Ring Road. (3) We find that municipal green space and subdistrict green space most affect the spatial equity of green spaces. Community green space, which is not open to the public, plays a minimal role. Regarding walking and driving accessibility, municipal green space increases the spatial equity of green spaces. In contrast, this type of green space can promote the spatial equity of green spaces regarding cycling accessibility. This study can significantly improve the quality of urban settlements in the Global South and has important implications for policy-makers, planners, and stakeholders in other large cities worldwide to create green and liveable cities.