Conclusions

Abstract

The focus of this book is on urban morphology and property markets. In particular, it investigates the externalities of urban configuration on housing price, asking whether households are more willing to pay extra for a more generally accessible location when they purchase a property without a specific motivation and travel destination. The purpose of this final chapter is to summarize the key findings of previous chapters. It is divided into four sections. In addition, the chapter discusses policy implications of this book’s findings, including the importance of the research with respect to the hedonic price theory as well as the role of space syntax theory; general knowledge on spatial network analysis; and as a method to aid the government and private sector to plan and manage the built environment. I then comment on the limitation of the study with respect to the issue of econometric estimation and the handling of space syntax radii. The final section provides suggestions for how the research can be further developed and highlights directions for future research. Finally, some final conclusions for this entire book are offered.