Juusola, Pia () (Jönköping International Business School)
Abstract
This paper uses the hedonic housing model to assess economic values to high value meadows and grazings located in rural settings. The hypothesis is that residential purchase prices include premiums for properties located in the surrounding areas of such environments. The dataset consist of 7565 property transactions sold during the period 1977-2007. The main findings are that houses located in the immediate surrounding area of these lands were on average 2.6 per cent more expensive which implies that the size of the premium approximately equals €3200 for these properties.
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Publisher Info
Paper provided by Centre for Innovation Systems, Entrepreneurship and Growth, Jönköping International Business School in its series CISEG Working Papers Series with number
5.
Length: 22 pages Date of creation: 11 Mar 2009 Date of revision: Handle: RePEc:hhs:hjiseg:0005
Contact details of provider: Postal: CISEG (Centre for Innovation Systems, Entrepreneurship and Growth), Jönköping International Business School, P.O. Box 1026, SE-551 11 Jönköping, Sweden Web page: http://www.ihh.hj.se/eng/
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