The Value of a Sea View: Hedonic Estimates Using 3D Simulation and Natural Language Processing

被引：2

作者：

Gillespie, Tom ^{[1
]}

Lyons, Ronan C. ^{[2
,3
]}

Hynes, Stephen ^{[1
]}

机构：

[1] Univ Galway, Whitaker Inst Innovat & Societal Change, Socio Econ Marine Res Unit, Galway, Ireland

[2] Trinity Coll Dublin, Dept Econ, Dublin, Ireland

[3] Trinity Coll Dublin, Ctr Econ Policy & Hist, Dublin, Ireland

来源：

LAND ECONOMICS | 2024年 / 100卷 / 02期

关键词：

BLUE SPACE; PRICE; AMENITIES; MODEL; EXPOSURE; ACCESS; MARKET;

D O I：

10.3368/le.100.2.071522-0056R

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article develops a new measure of sea view breadth and depth, based on a combination of GIS 3D simulation and natural language processing (NLP) techniques. NLP identifies properties that have a sea view, while GIS measures its extent. We estimate the value of a sea view using a hedonic housing price model and a sample of over 100,000 sales listings in Ireland, 2014-2019. We find that a sea view can add significant value to a property, all else being equal, with an average premium of 8.1% rising to 15% for a wide breadth of sea view. (JEL Q15, R14)

引用

页码：278 / 295

页数：18

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