Does the housing market reflect cultural heritage? A case study of Greater Dublin
AbstractDoes the housing market reflect cultural heritage? We estimate several specifications of a hedonic price equation to establish whether distance to cultural heritage site is capitalised into housing prices in Greater Dublin, Ireland. The results show that distance to the nearest historic building has a significant and robust effect on housing prices. To our knowledge this is the first application of the hedonic price method to cultural heritage.
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Bibliographic InfoPaper provided by Economic and Social Research Institute (ESRI) in its series Papers with number WP386.
Date of creation: May 2011
Date of revision:
Other versions of this item:
- Mirko Moro & Karen Mayor & Seán Lyons & Richard S J Tol, 2013. "Does the housing market reflect cultural heritage? A case study of Greater Dublin," Environment and Planning A, Pion Ltd, London, vol. 45(12), pages 2884-2903, December.
- Lyons, Sean & Mayor, Karen & Moro, Mirko & Tol, Richard S J, 2011. "Does the housing market reflect cultural heritage? A case study of Greater Dublin," Stirling Economics Discussion Papers 2011-07, University of Stirling, Division of Economics.
- NEP-ALL-2011-05-30 (All new papers)
- NEP-CUL-2011-05-30 (Cultural Economics)
- NEP-TUR-2011-05-30 (Tourism Economics)
- NEP-URE-2011-05-30 (Urban & Real Estate Economics)
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