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The Price Of Housing Attributes

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  • Jean Cavailhès

    (INRA)

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    Abstract

    The hedonistic price method can be used to estimate the price of a dwellings different attributes (size, comfort, environment, etc.) based on its total price. Such prices are estimated for private rented dwellings in towns, their suburbs and their periurban belt (urban areas) in 1996. For example, rent is strongly influenced by the dwellings inhabitable space and plumbing. The buildings characteristics (block of flats or private house, date built and state) also play a role. The dwellings most important extrinsic attributes are accessibility to an employment centre and the social quality of the neighbourhood. Households would appear to underestimate the real cost of being removed from the centre. The other local amenities or negative aspects (crime, noise, pollution, rural amenities, etc.) have a lesser or no influence. Building wear and tear has more effect on the rent than noise or crime, which are far from being as important as expected.

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    File URL: http://www.insee.fr/fr/ffc/docs_ffc/ES381-382e.pdf
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    Bibliographic Info

    Article provided by Institut National de la Statistique et des Etudes Economiques in its journal Economie et Statistique.

    Volume (Year): 381-382 (2005)
    Issue (Month): (October)
    Pages: 91-123

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    Handle: RePEc:crs:ecosta:es381-382e

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    Related research

    Keywords: Housing Demand; Hedonic Price; Urban Economics;

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