Does Urban Green Infrastructure Increase the Property Value? The Example of Magdeburg, Germany
Abstract
:1. Introduction
2. Materials and Methods
3. Results
3.1. Results of Data Matrix Test and Data Refinement Procedure
3.2. Evaluation of the PC Analysis
3.3. Results of the Multiple Regression
3.4. Relationship between the Standard Land Values and Components of the Green Infrastructure
4. Discussion
5. Conclusions
Author Contributions
Funding
Data Availability Statement
Conflicts of Interest
References
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District | Residential Area j | Total Area in ha ASLVR | Area of Green Spaces in ha AGI |
---|---|---|---|
Stadtfeld Ost | RA 1 | 12.5 | 4.0 |
Stadtfeld Ost | RA 2 | 80.0 | 28.6 |
Stadtfeld Ost | RA 3 | 12.1 | 6.9 |
Stadtfeld Ost | RA 4 | 102.2 | 30.0 |
Stadtfeld West | RA 5 | 98.6 | 47.8 |
Stadtfeld West | RA 6 | 18.6 | 9.4 |
Stadtfeld West | RA 7 | 9.7 | 5.5 |
Stadtfeld West | RA 8 | 32.1 | 19.5 |
Stadtfeld West | RA 9 | 8.7 | 4.6 |
Stadtfeld West | RA 10 | 16.1 | 9.8 |
Altstadt | RA 11 | 38.7 | 15.3 |
Altstadt | RA 12 | 4.1 | 1.8 |
Design. | Start | Iter. 1 | Iter. 2 | Iter. 3 | Iter. 4 | Iter. 5 | Iter. 6 | Iter. 7 | Iter. 8 |
---|---|---|---|---|---|---|---|---|---|
SLRV | 0.577 | 0.632 | 0.568 | 0.533 | 0.464 | 0.557 | 0.564 | 0.566 | 0.495 |
INH | 0.518 | 0.546 | 0.382 | 0.362 | 0.463 | 0.639 | 0.633 | 0.670 | 0.675 |
IMIG | 0.655 | 0.584 | 0.505 | 0.407 | 0.321 | 0.507 | 0.445 | 0.483 | |
OCR | 0.677 | 0.507 | 0.391 | 0.299 | 0.399 | 0.521 | 0.740 | 0.754 | 0.823 |
INC | 0.704 | 0.652 | 0.670 | 0.642 | 0.607 | 0.560 | 0.602 | 0.597 | 0.567 |
ISD | 0.659 | 0.545 | 0.626 | 0.600 | 0.679 | 0.757 | 0.746 | 0.742 | 0.733 |
IR | 0.658 | 0.570 | 0.541 | 0.478 | 0.566 | 0.707 | 0.673 | 0.663 | 0.650 |
Es | 0.216 | 0.368 | 0.298 | 0.565 | 0.330 | 0.301 | |||
LAI | 0.242 | 0.406 | 0.298 | 0.238 | 0.284 | ||||
Ntree | 0.237 | 0.327 | 0.455 | 0.320 | 0.532 | 0.427 | 0.491 | 0.629 | 0.663 |
GS | 0.578 | 0.461 | 0.440 | 0.774 | 0.595 | 0.608 | 0.580 | 0.791 | 0.733 |
BDI | 0.199 | 0.145 | |||||||
AlG | 0.323 | 0.528 | 0.451 | 0.356 | 0.489 | 0.680 | 0.648 | 0.584 | 0.617 |
min_gi | 0.160 | ||||||||
Water | 0.209 | 0.339 | 0.324 | 0.241 | 0.403 | 0.433 | 0.382 | ||
school | 0.265 | 0.274 | 0.291 | 0.261 | 0.583 | 0.568 | 0.538 | 0.563 | 0.561 |
min_med | 0.471 | 0.328 | 0.329 | 0.292 | 0.458 | 0.653 | 0.642 | 0.575 | 0.711 |
tra | 0.267 | 0.241 | 0.241 | 0.203 | |||||
ret | 0.365 | 0.211 | 0.163 | ||||||
rest_pkt | 0.367 | 0.344 | 0.407 | 0.326 | 0.417 | 0.531 | 0.654 | 0.748 | 0.803 |
KMO | 0.374 | 0.407 | 0.395 | 0.368 | 0.466 | 0.562 | 0.595 | 0.641 | 0.661 |
Dimension | Dim.1 | Dim.2 | Dim.3 | h2 | |
---|---|---|---|---|---|
Indicator | |||||
SLRV | −0.6730 | −0.3993 | 0.4578 | 0.8220 | |
INH | −0.7719 | 0.3924 | 0.0403 | 0.7515 | |
OCR | −0.3679 | −0.8388 | 0.0022 | 0.8390 | |
INC | −0.4715 | −0.8631 | −0.1230 | 0.9824 | |
ISD | 0.4523 | 0.8346 | 0.1495 | 0.9235 | |
IR | −0.4588 | −0.8500 | −0.1482 | 0.9550 | |
Ntree | −0.4972 | 0.3709 | −0.6629 | 0.8242 | |
GS | 0.7615 | −0.4143 | −0.0620 | 0.7554 | |
AlG | −0.6744 | 0.3258 | 0.2712 | 0.6345 | |
school | 0.5361 | −0.3397 | 0.4851 | 0.6380 | |
min_med | 0.7405 | −0.3764 | −0.1894 | 0.7258 | |
rest_pkt | 0.7248 | −0.3704 | −0.1007 | 0.6727 | |
EV | 4.46 | 3.99 | 1.07 | ||
Var | 37.20% | 33.26% | 8.91% | ||
cum Var | 37.20% | 70.46% | 79.37% |
Dimension | Dim.1 | Dim.2 | Dim.3 | Dim.4 | Dim.5 | Dim.6 | Dim.7 | Dim.8 | Dim.9 | Dim.10 | Dim.11 | Dim.12 | h2 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Indicator | ||||||||||||||
SLRV | −0.6730 | −0.3993 | 0.4578 | −0.0058 | −0.2939 | 0.0080 | 0.0352 | −0.2983 | 0.0246 | 0.0036 | −0.0211 | 0.0157 | 1.0000 | |
INH | −0.7719 | 0.3924 | 0.0403 | 0.3873 | 0.1722 | −0.1718 | −0.0620 | −0.0528 | −0.0481 | 0.1069 | 0.1378 | −0.0059 | 1.0000 | |
OCR | −0.3679 | −0.8388 | 0.0022 | −0.0732 | 0.2674 | −0.0219 | −0.1471 | −0.0268 | −0.2309 | 0.0186 | −0.0875 | 0.0007 | 1.0000 | |
INC | −0.4715 | −0.8631 | −0.1230 | 0.0240 | −0.0489 | 0.0097 | 0.0439 | −0.0024 | 0.0570 | −0.0546 | 0.0299 | −0.0742 | 1.0000 | |
ISD | 0.4523 | 0.8346 | 0.1495 | −0.0305 | 0.0161 | −0.0024 | −0.0448 | −0.1286 | −0.1457 | −0.1801 | 0.0520 | −0.0198 | 1.0000 | |
IR | −0.4588 | −0.8500 | −0.1482 | 0.0245 | −0.0079 | 0.0064 | 0.0303 | 0.0911 | −0.0039 | −0.1435 | 0.1113 | 0.0455 | 1.0000 | |
Es | −0.4972 | 0.3709 | −0.6629 | 0.1879 | −0.2411 | 0.1831 | 0.1748 | −0.0631 | −0.1144 | 0.0191 | −0.0278 | 0.0030 | 1.0000 | |
LAI | 0.7615 | −0.4143 | −0.0620 | −0.3806 | −0.0274 | 0.2441 | −0.0327 | −0.0894 | −0.0535 | 0.1070 | 0.1266 | −0.0026 | 1.0000 | |
Ntree | −0.6744 | 0.3258 | 0.2712 | −0.4759 | −0.0041 | −0.0989 | 0.3238 | 0.1273 | −0.0842 | 0.0253 | 0.0186 | −0.0055 | 1.0000 | |
GI | 0.5361 | −0.3397 | 0.4851 | 0.5132 | −0.0539 | 0.2036 | 0.1782 | 0.1240 | −0.0828 | 0.0154 | 0.0016 | −0.0043 | 1.0000 | |
AlG | 0.7405 | −0.3764 | −0.1894 | 0.0901 | 0.3126 | −0.1763 | 0.3209 | −0.1821 | 0.0318 | −0.0054 | −0.0086 | 0.0064 | 1.0000 | |
school | 0.7248 | −0.3704 | −0.1007 | 0.0345 | −0.4206 | −0.3681 | −0.0364 | 0.0530 | −0.0917 | 0.0311 | 0.0130 | −0.0022 | 1.0000 | |
EV | 4.46 | 3.99 | 1.07 | 0.84 | 0.53 | 0.34 | 0.30 | 0.20 | 0.12 | 0.08 | 0.06 | 0.01 | ||
Var | 37.20% | 33.26% | 8.91% | 6.97% | 4.39% | 2.84% | 2.53% | 1.64% | 1.00% | 0.68% | 0.50% | 0.07% | ||
cum Var | 37.20% | 70.46% | 79.37% | 86.34% | 90.73% | 93.57% | 96.11% | 97.75% | 98.75% | 99.43% | 99.93% | 100.00% |
Variable | Coefficienten | Standard Error | t-Statistic | p-Value | Lower 95% | Upper 95% |
---|---|---|---|---|---|---|
INH | 0.2077 | 0.0506 | 4.1019 | 0.0001 | 0.1077 | 0.3078 |
INC | 2.5286 | 0.1950 | 12.9670 | 0.0000 | 2.1432 | 2.9139 |
ISD | 0.6203 | 0.1054 | 5.8850 | 0.0000 | 0.4120 | 0.8286 |
IR | −1.3472 | 0.1566 | −8.6040 | 0.0000 | −1.6566 | −1.0377 |
Ntree | −0.1871 | 0.0430 | −4.3529 | 0.0000 | −0.2721 | −0.1022 |
AlG | 0.3255 | 0.0485 | 6.7130 | 0.0000 | 0.2297 | 0.4213 |
min_med | −0.3928 | 0.0482 | −8.1507 | 0.0000 | −0.4881 | −0.2976 |
rest_pkt | 0.1095 | 0.0511 | 2.1439 | 0.0337 | 0.0086 | 0.2104 |
school | 0.2610 | 0.0442 | 5.9002 | 0.0000 | 0.1736 | 0.3484 |
Variable | Coefficienten | Standard Error | t-Statistic | p-Value | Lower 95% | Upper 95% |
---|---|---|---|---|---|---|
b | 90.9930 | 3.5926 | 25.3282 | 0.0000 | 83.8960 | 98.0901 |
m | 0.4575 | 0.0158 | 28.9734 | 0.0000 | 0.4263 | 0.4887 |
Variable | Coefficienten | Standard Error | t-Statistic | p-Value | Lower 95% | Upper 95% |
---|---|---|---|---|---|---|
b | 103.7918 | 3.1455 | 32.9971 | 0.0000 | 97.5776 | 110.0060 |
m | 0.1844 | 0.0311 | 5.9293 | 0.0000 | 0.1230 | 0.2459 |
n | 0.0006 | 0.0001 | 9.5908 | 0.0000 | 0.0005 | 0.0008 |
SLRV (Model 3) EUR per m2 | INH Items per ha | School m | INC EUR per a | ISD % per a | IR % | Ntree Items | AlG m | min_med m | rest_pkt m | |
---|---|---|---|---|---|---|---|---|---|---|
Mean | 152.67 | 77 | 504 | 866,933,142,769 | 1.3 | 10.6 | 231 | 421 | 212 | 237 |
Z | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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Fauk, T.; Schneider, P. Does Urban Green Infrastructure Increase the Property Value? The Example of Magdeburg, Germany. Land 2023, 12, 1725. https://doi.org/10.3390/land12091725
Fauk T, Schneider P. Does Urban Green Infrastructure Increase the Property Value? The Example of Magdeburg, Germany. Land. 2023; 12(9):1725. https://doi.org/10.3390/land12091725
Chicago/Turabian StyleFauk, Tino, and Petra Schneider. 2023. "Does Urban Green Infrastructure Increase the Property Value? The Example of Magdeburg, Germany" Land 12, no. 9: 1725. https://doi.org/10.3390/land12091725