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A spatial hedonic approach for modeling the relationship between quality of urban life and housing prices, case study: Alexandria city, Egypt

Author

Listed:
  • Mohamed A. Abdrabo

    (Alexandria University)

  • Mahmoud A. Hassaan

    (Alexandria University)

  • Rofida G. Abdelwahab

    (Alexandria University)

Abstract

Urban areas in developing countries face many challenges to improve Quality of Urban Life (QUL). This highlights the need for providing a systematic approach for assessing QUL on regular basis, which can assist in identifying main areas for improvement and support planning and management effort. For this purpose, this paper intends to identify key determinates of QUL and estimate their contribution to housing prices by employing a spatial hedonic pricing approach in Alexandria city. To attain this objective, a three-step methodology was applied involving identification of QUL indicators, determining the sampling procedure and collecting data, and spatial econometrics analysis through Geographically Weighted Regression (GWR). GWR showed that the considered QUL attributes have a noticeable explanatory power exceeding 0.80. These attributes include housing physical conditions, environmental quality and aesthetic attributes, and socio-demographic attributes. Accordingly, city planners and managers should target these attributes in order to improve QUL in the city.

Suggested Citation

  • Mohamed A. Abdrabo & Mahmoud A. Hassaan & Rofida G. Abdelwahab, 2022. "A spatial hedonic approach for modeling the relationship between quality of urban life and housing prices, case study: Alexandria city, Egypt," Letters in Spatial and Resource Sciences, Springer, vol. 15(1), pages 59-77, April.
    • Handle: RePEc:spr:lsprsc:v:15:y:2022:i:1:d:10.1007_s12076-021-00298-x
    DOI: 10.1007/s12076-021-00298-x
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    References listed on IDEAS

    as
    1. Liu, Weiwei, 2020. "Valuation of Water Level: A Spatial Hedonic Analysis on Lakeshore Properties," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 45(1), January.
    2. Eduardo Lora & Andrew Powell, 2011. "A New Way of Monitoring the Quality of Urban Life," WIDER Working Paper Series 012, World Institute for Development Economic Research (UNU-WIDER).
    3. Ottensmann, John R. & Payton, Seth & Man, Joyce, 2008. "Urban Location and Housing Prices within a Hedonic Model," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 38(1), pages 1-17.
    4. Eduardo Lora & Andrew Powell, 2011. "A New Way of Monitoring the Quality of Urban Life," Research Department Publications 4729, Inter-American Development Bank, Research Department.
    5. Piotr Czembrowski & Edyta Łaszkiewicz & Jakub Kronenberg & Gustav Engström & Erik Andersson, 2019. "Valuing individual characteristics and the multifunctionality of urban green spaces: The integration of sociotope mapping and hedonic pricing," PLOS ONE, Public Library of Science, vol. 14(3), pages 1-16, March.
    6. Nakamura, Hiroki, 2020. "Evaluating the value of an entrepreneurial city with a spatial hedonic approach: A case study of London," Socio-Economic Planning Sciences, Elsevier, vol. 71(C).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Hedonic pricing technique; Urban areas; Quality of urban life; Geographically weighted regression;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General

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