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http://dx.doi.org/10.5392/JKCA.2020.20.06.717

The Impacts of Heavy Industrial Pollution Sources on The Real Estate Price Evidence from Maanshan City, China  

Wang, Rundong (건국대학교 부동산대학원)
Zhang, Zhixin (건국대학교 부동산대학원)
Huang, Shuai (건국대학교 부동산대학원)
Publication Information
The Journal of the Korea Contents Association / v.20, no.6, 2020 , pp. 717-729 More about this Journal
Abstract
As the environmental pollution problem in modern society is rapidly changing with industrialization, the environmental pollution problem has a direct or indirect effect on various fields. In particular, heavy industry pollutants can be a significant variable in site selection and realestate value. Therefore, this study is based on transaction data of 13apartment complexes in Maanshan City, a representative steel city in China, and uses the Hedonic Price Model to study the effect on real estate prices, mainly on heavy industry pollution during environmental pollution. The conclusion shows that the farther away from the source of pollution, the higher values are.
Keywords
Heavy Industry Pollution; Hedonic Price Model; Housing Price; China;
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