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Does the View Affect the Price of an Apartment?

Author

Listed:
  • Bas Marcin

    (University of Szczecin, Aleja Papieża Jana Pawła II 22A, 70-453 Szczecin, Poland)

Abstract

The objective of the present study is to estimate the impact of the view from the apartment on the unit price using econometric methods. The present study was conducted on data from 2015-2024 relating to similar prefabricated buildings located in Szczecin, Poland. The data from the secondary market concerning transactions involving dwellings in buildings constructed using prefabricated technology in the 1960-70s were used. The objective of the present study is to identify any regularities that may exist in relation to the impact of the view of the apartment’s windows on pricing. The survey has the capacity to assist in the determination of the manner in which diverse perspectives regarding views from windows are perceived by real estate market participants. The research hypothesis that the view from the apartment window has a statistically significant impact on its unit price is examined. The research does confirm that the view from the apartment window has an impact on dwelling prices.

Suggested Citation

  • Bas Marcin, 2025. "Does the View Affect the Price of an Apartment?," Real Estate Management and Valuation, Sciendo, vol. 33(4), pages 86-95.
    • Handle: RePEc:vrs:remava:v:33:y:2025:i:4:p:86-95:n:1007
    DOI: 10.2478/remav-2025-0037
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    References listed on IDEAS

    as
    1. Füss, Roland & Kürschner Rauck, Kathleen & Weigand, Alois, 2025. "Residential rent externalities of photovoltaic systems: The relevance of view," Regional Science and Urban Economics, Elsevier, vol. 114(C).
    2. Cyprian Chwiałkowski & Adam Zydroń & Dariusz Kayzer, 2022. "Assessing the Impact of Selected Attributes on Dwelling Prices Using Ordinary Least Squares Regression and Geographically Weighted Regression: A Case Study in Poznań, Poland," Land, MDPI, vol. 12(1), pages 1-20, December.
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    More about this item

    Keywords

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    JEL classification:

    • C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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