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Which Residential Clusters of Walkability Affect Future Population from the Perspective of Real Estate Prices in the Osaka Metropolitan Area?

Author

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  • Haruka Kato

    (Department of Housing and Environmental Design, Graduate School of Human Life Science, Osaka City University, Osaka 5588585, Japan)

  • Atsushi Takizawa

    (Department of Housing and Environmental Design, Graduate School of Human Life Science, Osaka City University, Osaka 5588585, Japan)

Abstract

In Japan, where the population is declining and aging significantly, walkability has attracted attention as a way to improve residents’ lifestyles. Therefore, it is essential to identify the residential clusters where walkability improvement would contribute to the maintenance of the population in order to select urban areas for the implementation of walkable designs. This study aimed to identify the residential clusters in which walkability affects the future population from the perspective of real estate prices. The reason for focusing on real estate prices is that they are expected to be a confounding factor connecting walkability and the future population. The method we used was to analyze the structural equation modeling of the impact of walkability index, real estate prices, and future population change ratio. This analysis was based on the neighborhood association scale. This study clarified that effective residential clusters are the business center cluster and the sprawl cluster. In the business center cluster and the sprawl cluster, the price of apartments for sale is the real estate value, through which the walkability index positively impacts the future population change ratio. This means that it is expected to contribute to the maintenance of the future population through a combination of walkable designs and housing policies that encourage people to change their residence types to apartments for sale when rebuilding old building stock using the location optimization plan policy.

Suggested Citation

  • Haruka Kato & Atsushi Takizawa, 2021. "Which Residential Clusters of Walkability Affect Future Population from the Perspective of Real Estate Prices in the Osaka Metropolitan Area?," Sustainability, MDPI, vol. 13(23), pages 1-20, December.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:23:p:13413-:d:694705
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    5. Haruka Kato & Atsushi Takizawa & Daisuke Matsushita, 2021. "Impact of COVID-19 Pandemic on Home Range in a Suburban City in the Osaka Metropolitan Area," Sustainability, MDPI, vol. 13(16), pages 1-11, August.
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    13. Ginevra Balletto & Mara Ladu & Alessandra Milesi & Giuseppe Borruso, 2021. "A Methodological Approach on Disused Public Properties in the 15-Minute City Perspective," Sustainability, MDPI, vol. 13(2), pages 1-19, January.
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    Cited by:

    1. Anna Visvizi & Shahira Assem Abdel-Razek & Roman Wosiek & Radosław Malik, 2021. "Conceptualizing Walking and Walkability in the Smart City through a Model Composite w 2 Smart City Utility Index," Energies, MDPI, vol. 14(23), pages 1-20, December.
    2. Mikio Yoshida & Haruka Kato, 2022. "Housing Affordability of Private Rental Apartments According to Room Type in Osaka Prefecture," Sustainability, MDPI, vol. 14(12), pages 1-13, June.
    3. Bruno Jardim & Miguel de Castro Neto, 2022. "Walkability Indicators in the Aftermath of the COVID-19 Pandemic: A Systematic Review," Sustainability, MDPI, vol. 14(17), pages 1-24, September.
    4. Riku Tanaka & Haruka Kato & Daisuke Matsushita, 2023. "Population Decline and Urban Transformation by Tourism Gentrification in Kyoto City," Sustainability, MDPI, vol. 15(3), pages 1-14, January.
    5. Haruka Kato & Atsushi Takizawa, 2022. "Population Decline through Tourism Gentrification Caused by Accommodation in Kyoto City," Sustainability, MDPI, vol. 14(18), pages 1-12, September.
    6. Kestutis Zaleckis & Szymon Chmielewski & Jūratė Kamičaitytė & Indre Grazuleviciute-Vileniske & Halina Lipińska, 2022. "Walkability Compass—A Space Syntax Solution for Comparative Studies," Sustainability, MDPI, vol. 14(4), pages 1-25, February.

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