How much are views worth?

Crompton and Nicholls report that “Twenty-seven empirical studies were identified that empirically estimated the impact on property values of views of open space. The review differentiated between street level and high-rise building views. Among the 17 street-level view studies, only five found substantial premiums which ranged from 4.9% to 9.29%, while four others reported either a small increase in value or mixed results. Five studies reported low-elevation views had no impact. Three reported a negative premium which was antithetical to…

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