1. The Housing Sector, Interest Rates and Unemployment Examined
... a number of significant studies completed in relation to residential property prices and the influence of views and proximity to natural scenic locations. A study by Thorsnes (2002) indicated that proximity to forest areas resulted in residential lots closer to the forests achieved higher selling prices than those with a less favorable proximity. Further studies by Bond, Seiler and Seiler (2002), Bourassa, Hoesli and ... Sun (2003) and Yu, Han and Chai (2005) have also confirmed that a view provides a premium or greater value to residential property, ranging from 15% to a maximum of 89%...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate