Abstract
Recently, although 'historic scenery preservation type urban renewal' is getting more and more common, the landscape value increment caused by renovation is not so much studied as in the ordinary urban and road development cases without historic scenery. This research investigates the landscape value in historic scenery renovation using Hedonic Approach. The study area involves two downtown renewal cases of Hikone City (Yumekyohashi Castle Road and Yonbanchou Square) . However the OLS (Ordinary Least Square) method that ordinary Hedonic Approach uses is pointed out that it has a fault of spatial auto-correlation problem, some new models which are get rid of this problem have been devised recently, in this study Spatial Autoregressive Error Model (SEM) is tried to apply to the same situation as OLS, getting better performance of goodness-of-fit index.
