A Multi-scale Exploration of the Relationship Between Spatial Network Configuration and Housing Prices Using the Hedonic Price Approach PDF Download
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Author: Stephen Law
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: Stephen Law
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: Andrea Baranzini
Publisher: Springer Science & Business Media
ISBN: 0387768157
Category : Business & Economics
Languages : en
Pages : 283
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Book Description
Cities are growing worldwide and their sprawl is increasingly challenged for its pressure on open spaces and environmental quality. Economic arguments can help to decide about the trade-off between preserving environmental quality and developing housing and business surfaces, provided the benefits of environmental quality are adequately quantified. To this end, this book focuses on the use and advancement of the “hedonic approach”, an economic valuation technique that analyses and quantifies the sources of rent and property price differentials. Starting from theoretical foundations, the hedonic approach is applied to the valuation of natural land use preservation and noise abatement measures, as well as to residential segregation and discrimination, extending the analysis to the role of the buyers and sellers' identity on housing market prices and to the issue of environmental justice.
Author: Sai Fang (S.M.)
Publisher:
ISBN:
Category :
Languages : en
Pages : 66
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Book Description
Over the past several decades, the real estate market has surged in Beijing. Meanwhile, Beijing suffers severe air pollution now and then. Because of the dissatisfaction of air quality, clean air becomes a highly valued factor of the overall quality of life. When people choose to buy properties, they would be willing to pay more for a unit that is located in less polluted areas than for an otherwise identical unit that is located in more polluted areas. This study aims to establish a relationship between air pollution's spatial distribution and property price by using historical air quality record and property transaction data in Beijing. Although people cannot purchase clean air directly, variations in the air quality of different areas should be indirect reflected in housing prices. Employing the hedonic pricing model, the results suggest a strong positive relationship between a unit's resale price and the air quality of the area where the unit is located, meaning that properties that are located in an area with relatively better air quality are sold at a premium and vice versa. Besides, by using a matching regression, relationship between air quality's seasonal variation and property price is discovered, although it is not statistically significant. Another matching regression confirms that compared to property buyers, property renters care less about the air quality of the area where the unit is located, but care more about the unit's other specific locational attributes and physical attributes, such as job accessibility and interior decoration.
Author: Aura Reggiani
Publisher: Springer Science & Business Media
ISBN: 3642597874
Category : Business & Economics
Languages : en
Pages : 465
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Book Description
With the dawn of the twenty-first century comes the awareness that current rapid political-economic-social and technological transformations will affect our of living, by producing new forms of information, communications, common way market, work-style and leisure. In this context, human behaviour will certainly change its 'fixed' parameters. It is likely that the relationships between internal structures and external influences, between individual components and collective behaviour, as well as between multi-scale networks and interrelated dynamics, will show spatio-temporal patterns which will be difficult to predict by means of our usual tools. As a consequence, academic research is increasingly being required to play an active role in addressing new ways of understanding and forecasting the sets of interacting structures, ranging from the technical to the organizational, and from the social to the economic and political levels, while at the same time incorporating concerns about the 'new' economy, environment, society, information and technology. It is now evident that social science - especially spatial and economic scienc- needs innovative 'paths', together with continuous cross-fertilization among the many disciplines involved. In order to investigate these intriguing perspectives, we seem to have embarked on an era of methodological reflections - rather than developing strong theoretical foundations. This volume aims to provide an overview of these new insights and frontiers for theoretical/methodological studies and research applications in the space-economy.
Author: J. Christopher Bitter
Publisher:
ISBN:
Category : Housing
Languages : en
Pages : 139
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Book Description
Author: Olympia Bover
Publisher: Banco de Espana Servicio de Estudios
ISBN:
Category : Business & Economics
Languages : en
Pages : 60
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Book Description
Author: Yunlong Gong
Publisher:
ISBN: 9789492516510
Category :
Languages : en
Pages :
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Book Description
This research discovers the spatial regularities of house prices across Chinese prefecture cities in an economic common area and investigates the underlying formation process. It reveals an uneven distribution of house prices across cities, with those large and/or higher-tier cities and their neighbours having significantly higher house prices. Such an uneven pa����ern of house prices demonstrates the agglomeration spillovers in the interurban housing market. Two forms of spillovers are empirically examined. The first is the urban hierarchy distance effect, which is related to the position of a city in a hierarchical urban system. In general, the distance penalty of higher-tier urban centres is confirmed, that is, all else being equal, the further away a city is from the higher-tier city, the lower the house price. The second form of spillovers relates to a city's position in a city network system, in which no hierarchical structure is imposed. In such a situation, the spillovers arise from the interaction with neighbouring cities and it is found that a city that has larger neighbours tends to have higher house prices. These two forms of spillovers are somewhat correlated with each other because a higher-tier city is always associated with a larger urban size.
Author: A. Stewart Fotheringham
Publisher: John Wiley & Sons
ISBN: 0470855258
Category : Science
Languages : en
Pages : 282
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Book Description
Geographical Weighted Regression (GWR) is a new local modelling technique for analysing spatial analysis. This technique allows local as opposed to global models of relationships to be measured and mapped. This is the first and only book on this technique, offering comprehensive coverage on this new 'hot' topic in spatial analysis. * Provides step-by-step examples of how to use the GWR model using data sets and examples on issues such as house price determinants, educational attainment levels and school performance statistics * Contains a broad discussion of and basic concepts on GWR through to ideas on statistical inference for GWR models * uniquely features accompanying author-written software that allows users to undertake sophisticated and complex forms of GWR within a user-friendly, Windows-based, front-end (see book for details).
Author: Robert J. Hill
Publisher:
ISBN:
Category :
Languages : en
Pages : 64
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Book Description
We propose a flexible hedonic methodology for computing house price indexes that uses multiple imputation (MI) to account for missing data (a huge problem in housing data sets). Ours is the first study to use MI in this context. We also allow for spatial correlation, include interaction terms between characteristics, between regions and periods, and between regions and characteristics, and break the regressions up into overlapping blocks of five consecutive periods (quarters in our case). These features ensure that the shadow prices are flexible both across regions and time. This flexible structure makes the derivation of price indexes from the estimated regression equations far from straightforward. We develop innovative methods for resolving this problem and for splicing the overlapping blocks together to generate the overall panel results. We then use our methodology to construct temporal and spatial price indexes for 15 regions in Sydney, Australia on a quarterly basis from 2001 to 2006 and combine them to obtain an overall price index for Sydney. Our hedonic indexes differ quite significantly from the official index for Sydney published by the Australian Bureau of Statistics. We also find clear evidence of convergence in prices across regions from 2001-3 (while prices were rising), and divergence thereafter. We conclude by exploring some of the implications of these empirical findings.
Author: Sylvia J.T. Jansen
Publisher: Springer Science & Business Media
ISBN: 9048188946
Category : Science
Languages : en
Pages : 272
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Book Description
What are the current trends in housing? Is my planned project commercially viable? What should be my marketing and advertisement strategies? These are just some of the questions real estate agents, landlords and developers ask researchers to answer. But to find the answers, researchers are faced with a wide variety of methods that measure housing preferences and choices. To select and value a valid research method, one needs a well-structured overview of the methods that are used in housing preference and housing choice research. This comprehensive introduction to this field offers just such an overview. It discusses and compares numerous methods, detailing the potential limitation of each one, and it reaches beyond methodology, illustrating how thoughtful consideration of methods and techniques in research can help researchers and other professionals to deliver products and services that are more in line with residents’ needs.
