Effects on housing prices of urban attraction and labor-market accessibility
AbstractThrough a hedonic approach the authors focus primarily on how house prices vary systematically with respect to some general spatial structure characteristics in a Norwegian region. The introduction of a gravity-based labor-market accessibility measure contributes significantly to explain variation in housing prices, and is used in a model formulation where the distance from the city center is accounted for. Based on these results we suggest a distinction between an urban-attraction effect and a labor-market accessibility effect. Quantitatively, the two distinct effects are found to contribute about equally to intraregional variation in housing prices.
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Bibliographic InfoArticle provided by Pion Ltd, London in its journal Environment and Planning A.
Volume (Year): 40 (2008)
Issue (Month): 10 (October)
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Web page: http://www.pion.co.uk
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- Gabriel Ahlfeldt, 2011. "If We Build, Will They Pay? Predicting Property Price Effects of Transport Innovations," SERC Discussion Papers 0075, Spatial Economics Research Centre, LSE.
- Ahlfeldt, Gabriel M. & Wendland, Nicolai, 2010.
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- Wenjie Wu, 2012. "Does Public Investment Spur the Land Market?: Evidence from Transport Improvement in Beijing," SERC Discussion Papers 0116, Spatial Economics Research Centre, LSE.
- Ahlfeldt, Gabriel M., 2008. "If Alonso was Right: Residual Land Price, Accessibility and Urban Attraction," MPRA Paper 11707, University Library of Munich, Germany.
- Rosa Sanchis-Guarner, 2012. "Driving Up Wages: The Effects of Road Construction in Great Britain," SERC Discussion Papers 0120, Spatial Economics Research Centre, LSE.
- Gabriel M. Ahfeldt, 2013. "Urbanity," SERC Discussion Papers 0136, Spatial Economics Research Centre, LSE.
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