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Neighbourhood attributes and housing prices: An empirical investigation

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  • Pablo Brañas-Garza

    ()

  • Javier Rodero-Cosano

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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Bibliographic 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.d-andalucia.csic.es/iesa.htm
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Related research

Keywords: Location Choice; Externalities; Housing Prices; Centrifugal and Cen-tripetal Forces;

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