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• W4385351690 abstract "This study examines empirically the impacts of geomantic attributes on housing prices in Guangzhou. Using second-hand housing transaction data from one Guangzhou’s largest second-hand transaction agency, we construct a hedonic price model to analyze the determinants of housing purchase behavior. We find that unfavorable geomantic attributes, such as proximity to graveyard, funeral parlor, hospital, slaughterhouse, and highway, have significant negative effects on housing prices. However, favorable geomantic attribute close to the Pearl River has a significant positive impact on housing prices. Lucky floor numbers and lucky address numbers are also found to be capitalized into housing prices. Moreover, we find that the demand for housing improvement as housing purchase motivation is an important channel to determine which of geomantic attributes are unfavorable when residents have higher living requirements ll presente contributo esamina, attraverso un’analisi em- pirica, l’effetto degli attributi geomantici sui prezzi degli immobili a destinazione residenziale a Guangzhou. A partire dalle informazioni relative alle transazioni di immobili non di nuova costruzione di una delle più grandi agenzie di compravendite immobiliari i Guangzhou, è stato sviluppato e validato un modello di valutazione secondo l’approccio dei prezzi edonici per analizzare i fattori che determinano i comportamenti e le strategie di acquisto degli acquirenti di immobili a destinazione residenziale. I risultati indicano che gli attributi geo- mantici sfavorevoli, come la vicinanza a cimiteri, pompe funebri, ospedali, macelli e autostrade, hanno un effetto negativo sul prezzo delle abitazioni. Viceversa, gli attributi geomantici favorevoli, come la vicinanza al fiume Pearl, hanno un effetto positivo sul prezzo delle abitazioni. Similmente, emerge, ceteris paribus, una disponibilità a pagare un prezzo maggiore per immobili che siano ubicati a un livello di piano o a un civico espressione di numeri considerati fortunati nella cultura tradizionale cinese, come ad esempio il numero 8. Dalle analisi emerge, inoltre, che in particolare alcuni attributi geomantici influenzano in maniera determinante la do- manda di alloggi di migliore qualità espressa da acquirenti che abbiano esigenze e aspettative più elevate." @default.
• W4385351690 created "2023-07-29" @default.
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• W4385351690 date "2023-07-01" @default.
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• W4385351690 title "The capitalization of geomantic attributes: evidence from the housing market in Guangzhou [L’effetto di capitalizzazione degli attributi geomantici sul valore di mercato degli immobili: il caso del mercato immobiliare di Guangzhou]" @default.
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• W4385351690 doi "https://doi.org/10.48264/vvsiev-20233304" @default.
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