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Neighbourhood attributes and housing prices: An empirical investigation

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Author Info
Pablo Brañas-Garza ()
Javier Rodero-Cosano

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Abstract

This paper explores the effect of neighborhood attributes on housing prices. We first analyze the price that subjects are willing to pay for these attributes and second, how this neighborhood variables are distributed within the city. Using both the demand and the spatial supply of these variables we evaluate the spatial evolution of housing prices. Results indicate that neighborhood amenities influence the distribution of hous-ing prices within the city.

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Publisher Info
Paper provided by Institute for Social Syudies of Andalusia - Higher Council for Scientific Research in its series IESA Working Papers Series with number 0414.

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Length: 24 pages
Date of creation: 2004
Date of revision:
Handle: RePEc:esa:iesawp:0414

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Web page: http://www.iesaa.csic.es/
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Related research
Keywords: Location Choice; Externalities; Housing Prices; Centrifugal and Cen-tripetal Forces;

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References listed on IDEAS
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  1. Fujita, Masahisa & Thisse, Jacques-Francois, 1996. "Economics of Agglomeration," Journal of the Japanese and International Economies, Elsevier, vol. 10(4), pages 339-378, December. [Downloadable!] (restricted)
    Other versions:
  2. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb.. [Downloadable!] (restricted)
  3. Ekeland, Ivar & Heckman, James J. & Nesheim, Lars, 2003. "Identification and Estimation of Hedonic Models," IZA Discussion Papers 853, Institute for the Study of Labor (IZA). [Downloadable!]
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  4. Anas, Alex, 1978. "Dynamics of urban residential growth," Journal of Urban Economics, Elsevier, vol. 5(1), pages 66-87, January. [Downloadable!] (restricted)
  5. Case, Karl E. & Mayer, Christopher J., 1996. "Housing price dynamics within a metropolitan area," Regional Science and Urban Economics, Elsevier, vol. 26(3-4), pages 387-407, June. [Downloadable!] (restricted)
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  6. Arnott, Richard, 1987. "Economic theory and housing," Handbook of Regional and Urban Economics, in: E. S. Mills (ed.), Handbook of Regional and Urban Economics, edition 1, volume 2, chapter 24, pages 959-988 Elsevier. [Downloadable!] (restricted)
  7. Keith Brouhle & Jay Corrigan & Rachel Croson & Martin Farnham & Luba Habodaszova & Laurie Tipton Johnson & Martin Johnson & Selhan Garip & David Reiley, 2005. "Local Residential Sorting and Public Goods Provision: A Classroom Demonstration," Journal of Economic Education, Helen Dwight Reid Foundation, vol. 36(4), pages 332-344. [Downloadable!]
    Other versions:
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This page was last updated on 2009-11-27.

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