Does the View Affect the Price of an Apartment?

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.

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Publication Details

Journal
Real Estate Management and Valuation
Published
2025-12-01
DOI
https://doi.org/10.2478/remav-2025-0037
Primary Topic
Housing Market and Economics
Type
article
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article

Does the View Affect the Price of an Apartment?

Marcin Bas
Real Estate Management and Valuation
Housing Market and Economics
article

Does the View Affect the Price of an Apartment?

Marcin Bas
article en

Abstract

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.

Real Estate Management and ValuationVol. 33(4)
University of Szczecin (PL)
Openalex Percentile: Top 54%
Housing Market and Economics
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