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The relationship between open space & residential property values in the Cape Town metropolitan area
Thesis (MA)--Stellenbosch University 2018.
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| Format: | Thesis |
| Language: | English |
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Stellenbosch : Stellenbosch University
2018
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| _version_ | 1867614033630199808 |
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| access_status_str | Open Access |
| author | Twekye, Ninsiima Praxidha |
| author2 | Du Plessis, Danie |
| author_browse | Du Plessis, Danie Twekye, Ninsiima Praxidha |
| author_facet | Du Plessis, Danie Twekye, Ninsiima Praxidha |
| author_sort | Twekye, Ninsiima Praxidha |
| collection | Thesis |
| dc_rights_str_mv | Stellenbosch University |
| description | Thesis (MA)--Stellenbosch University 2018. |
| format | Thesis |
| id | oai:scholar.sun.ac.za:10019.1/103955 |
| institution | Stellenbosch University (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:45:36.533Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from SUNScholar — Stellenbosch University Repository |
| publishDate | 2018 |
| publishDateRange | 2018 |
| publishDateSort | 2018 |
| publisher | Stellenbosch : Stellenbosch University |
| publisherStr | Stellenbosch : Stellenbosch University |
| record_format | dspace |
| source_str | SUNScholar — Stellenbosch University Repository |
| spelling | oai:scholar.sun.ac.za:10019.1/103955 The relationship between open space & residential property values in the Cape Town metropolitan area Twekye, Ninsiima Praxidha Du Plessis, Danie Stellenbosch University. Faculty of Arts and Social Sciences. Dept. of Geography & Environmental Studies. Real property -- Valuation -- Effect of open spaces on Property -- Prices -- South Africa -- Cape Town Open spaces -- South Africa -- Cape Town UCTD Thesis (MA)--Stellenbosch University 2018. ENGLISH ABSTRACT: This study aims to determine and assess the relationship between open space and residential property value in the Cape Town Metropolitan area, based on access to open space. The relationships between different open space types and residential property are respectively determined. This is determined at global level using Ordinary Least Squares regression analysis and (more importantly) at local level using Geographically Weighted Regression. Analysis is performed with data aggregated to small area layer level. The main empirical findings indicate that the increase in percentage of recreational areas results in a minor negative effect on property value for the global model (although this is not statically significant). The increase in percentage of parks also results in a minor negative effect on property value. Finally, proximity to protected areas has a positive impact on property value in the global model. For the local model, substantial local variations are revealed, in terms of distribution of local coefficients, and how the distribution can be compared to other socio-economic factors. AFRIKAANSE OPSOMMING: Die doel van hierdie studie is om die verwantskap tussen toegang tot oopruimte en residensiële eiendomswaarde in die Kaapstad Metropolitaanse gebied te bepaal en te evalueer. Die verhoudings tussen verskillende tipes oop ruimte en residensiële eiendomme word onderskeidelik bepaal. Dit word op globale vlak bepaal deur ‘Ordinary Least Squares’ regressieanalise asook op plaaslike vlak deur middel van ‘Geographically Weighted’ regressie. Die ruimtelike eenheid vir die analise is ‘Smaal Area Layer’ van die sensusdata. Die belangrikste empiriese bevindings dui daarop dat die toename in persentasie ontspanningsgebiede 'n geringe negatiewe invloed op eiendomswaarde vir die globale model tot gevolg het (alhoewel dit nie staties betekenisvol is nie). Die toename in persentasie parke lei ook tot 'n geringe negatiewe uitwerking op eiendomswaarde. Ten slotte het die nabyheid van beskermde gebiede 'n positiewe impak op eiendomswaarde in die globale model. Vir die plaaslike model word aansienlike plaaslike variasies geopenbaar, in terme van die verspreiding van plaaslike koëffisiënte, en hoe die verspreiding vergelyk kan word met ander sosio-ekonomiese faktore. Masters 2018-02-28T11:09:58Z 2018-04-09T11:48:54Z 2019-09-01T03:00:14Z 2018-03 Thesis http://hdl.handle.net/10019.1/103955 en Stellenbosch University xi, 88 leaves : illustrations (some color), maps (some color) application/pdf Stellenbosch : Stellenbosch University |
| spellingShingle | Real property -- Valuation -- Effect of open spaces on Property -- Prices -- South Africa -- Cape Town Open spaces -- South Africa -- Cape Town UCTD Twekye, Ninsiima Praxidha The relationship between open space & residential property values in the Cape Town metropolitan area |
| title | The relationship between open space & residential property values in the Cape Town metropolitan area |
| title_full | The relationship between open space & residential property values in the Cape Town metropolitan area |
| title_fullStr | The relationship between open space & residential property values in the Cape Town metropolitan area |
| title_full_unstemmed | The relationship between open space & residential property values in the Cape Town metropolitan area |
| title_short | The relationship between open space & residential property values in the Cape Town metropolitan area |
| title_sort | relationship between open space residential property values in the cape town metropolitan area |
| topic | Real property -- Valuation -- Effect of open spaces on Property -- Prices -- South Africa -- Cape Town Open spaces -- South Africa -- Cape Town UCTD |
| url | http://hdl.handle.net/10019.1/103955 |
| work_keys_str_mv | AT twekyeninsiimapraxidha therelationshipbetweenopenspaceresidentialpropertyvaluesinthecapetownmetropolitanarea AT twekyeninsiimapraxidha relationshipbetweenopenspaceresidentialpropertyvaluesinthecapetownmetropolitanarea |