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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0).
Background and objective: Recent research has highlighted the need for urban heritage conservation due to rapid urbanisation, especially in Asian cities; however, few studies have investigated the socioeconomic impacts of heritage assets in urban contexts. This study examined urban heritage sites in Seoul Metropolitan City from the perspective of residents’ environmental satisfaction and housing prices.Methods: A spatial regression model was developed to examine the associations between urban heritage sites and their corresponding protected areas as the independent variables (nationally assigned cultural heritage, city-assigned cultural heritage, nationally registered cultural heritage, nationally assigned cultural heritage protected area, and city-assigned cultural heritage protected area) and residential environmental satisfaction and housing prices as the dependent variables. The model investigated how urban heritage sites influence housing prices through the mediating effect of residential environmental satisfaction.Results: The results confirmed the impact of urban heritage sites on housing prices and the mediating effect of residential environmental satisfaction. Moreover, depending on their urban heritage classifications, noticeable differences were evident in the impact of urban heritage sites.Conclusion: These findings provide an intellectual foundation for public policies, offering insights into how they might achieve an optimum balance between private and public interests in matters of heritage conservation.
Author(s): Sung Minki, Brooks Mary
Publication type: Article
Publication status: Published
Journal: Journal of People, Plants, and Environment
Year: 2022
Volume: 25
Pages: 311-328
Print publication date: 30/06/2022
Online publication date: 30/06/2022
Acceptance date: 16/05/2022
Date deposited: 20/11/2023
ISSN (print): 2508-7673
ISSN (electronic): 2508-7681
Publisher: The Society of People, Plants, and Environment
URL: https://doi.org/10.11628/ksppe.2022.25.3.311
DOI: 10.11628/ksppe.2022.25.3.311
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