For the first landscape specification, there are very similar
results across the coastal specifications. The coefficient of the variable WATER is positive and significant. For specification
C1–L1 it is significant at the 5% level. For the other two
specifications, C2–L1 and C3–L1 water is significant at the 1%
level. Therefore, the more water features such as lakes and
rivers in a district the higher the price of accommodation will
be. In addition, heathland in a district has a positive effect on
price: the coefficient of the variable HEATH is positive and
significant at the 5%, 1% and 1% level for C1–L1, C2–L1 and C3–
L1 respectively. MOOR is not significant in any of the
specifications.
The second landscape specification has only one landscape
variable AGRIC, which is negative in all of the specifications
and significant at least at the 5% level. The size of the
coefficients and their standard errors are similar for the
specifications C1 and C2.