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Effects on housing prices of urban attraction and labor-market accessibility

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  • Liv Osland
  • Inge Thorsen
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    Abstract

    Through 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 Info

    Article provided by Pion Ltd, London in its journal Environment and Planning A.

    Volume (Year): 40 (2008)
    Issue (Month): 10 (October)
    Pages: 2490-2509

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    Handle: RePEc:pio:envira:v:40:y:2008:i:10:p:2490-2509

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    Web page: http://www.pion.co.uk

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    Cited by:
    1. 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.
    2. Ahlfeldt, Gabriel M. & Wendland, Nicolai, 2010. "How polycentric is a monocentric city? The role of agglomeration economies," MPRA Paper 24078, University Library of Munich, Germany.
    3. 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.
    4. Ahlfeldt, Gabriel M., 2008. "If Alonso was Right: Residual Land Price, Accessibility and Urban Attraction," MPRA Paper 11707, University Library of Munich, Germany.
    5. Rosa Sanchis-Guarner, 2012. "Driving Up Wages: The Effects of Road Construction in Great Britain," SERC Discussion Papers 0120, Spatial Economics Research Centre, LSE.
    6. Gabriel M. Ahfeldt, 2013. "Urbanity," SERC Discussion Papers 0136, Spatial Economics Research Centre, LSE.

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