Abstract
Ecosystems provide services that contribute to the well-being of people living within a city’s borders and on the urban–rural fringe. While benefits from green areas in urban settings are well investigated, peri-urban areas are significantly less addressed by researchers than cities. This study aims to evaluate the importance of environmental amenities in peri-urban areas using the hedonic pricing method to assess people’s willingness to pay for environmental goods and services. A local regression model (geographically weighted regression) and two global regression models (generalized spatial two-stage least squares and ordinary least square) are used to identify the spatial patterns and level of influence of protected areas, forests, rivers, trees, and landscape diversity. This paper includes the Central European case study example of a peri-urban area of the city of Wroclaw, Poland. The results from the three models show that out of all of the environmental amenities included in this study, proximity to protected areas—such as Natura 2000 sites and landscape parks—and the diversity of land-use patches within the 500-m radius around the sites exert the strongest influence on plot prices. The overall impact of environmental amenities on vacant plot prices in peri-urban areas is low or, as in the case of river and streams, not significant. The results of the analysis reveal the preferences of the new peri-urban inhabitants concerning green spaces that have an effect on the real estate market in Poland.
Highlights
Ecosystems bring benefits to people [1,2,3] and improve their quality of life [4] both within the city borders and in the surrounding areas
The results of the analysis reveal the preferences of the new peri-urban inhabitants concerning green spaces that have an effect on the real estate market in Poland
We sought to uncover the value of environmental amenities in peri-urban areas using the hedonic pricing approach, and reveal the environmental amenity preferences of the peri-urban new inhabitants embedded in the real estate market in Poland
Summary
Ecosystems bring benefits to people [1,2,3] and improve their quality of life [4] both within the city borders and in the surrounding areas. To allow for the elimination of all of the factors concerning the state, quality, and characteristics of housing developments from imposing any influence on a price, we use vacant lots that do not possess any developments at any stage, i.e., ready-made houses or a house under construction. This approach has already been successfully applied by Łowicki and Piotrowska [16] in the context of road noise
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