Relationship between Indoor Living Environment and Housing Prices: A Case Study of the Taojinjiayuan Residential Quarter in Guangzhou, China

Abstract

The indoor living environment of residential buildings is an important part of the habitat environment, affecting the living experience and well-being of the residents, which in turn influences the price of housing. However, few existing studies systematically concentrate on the integrated influence of the various elements of the indoor living environment on prices, and even fewer analyze the relationship between the indoor living environment and housing prices of different houses within the same residential quarter from a microperspective. Therefore, we use the Taojinjiayuan Residential Quarter, located in central Guangzhou City, China, as a case study area and analyze the extent and direction of the effect of the indoor living environment on housing prices. The study found that the quantitative evaluation results of the indoor living environment were reasonable. The integrated indoor living environment factors are closely related to housing prices. Orientation, view, and acoustic environment are significantly and positively related to housing prices, which have a different intensity of influence. These findings are beneficial to real estate developers, building designers, and residential users in quantitatively understanding the value of the indoor living environment.