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Neighbourhood attributes and housing prices: An empirical investigation


  • Pablo Brañas-Garza


  • Javier Rodero-Cosano


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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  • Pablo Brañas-Garza & Javier Rodero-Cosano, 2004. "Neighbourhood attributes and housing prices: An empirical investigation," IESA Working Papers Series 0414, Institute for Social Syudies of Andalusia - Higher Council for Scientific Research.
  • Handle: RePEc:esa:iesawp:0414

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    References listed on IDEAS

    1. Duffy, John & Nagel, Rosemarie, 1997. "On the Robustness of Behaviour in Experimental "Beauty Contest" Games," Economic Journal, Royal Economic Society, vol. 107(445), pages 1684-1700, November.
    2. Shinichi Hirota & Shyam Sunder, 2002. "Stock Market as a 'Beauty Contest': Investor Beliefs and Price Bubbles sans Dividend Anchors," Yale School of Management Working Papers ysm2, Yale School of Management.
    3. Brit Grosskopf & Rosemarie Nagel, 2007. "Rational reasoning or adaptive behavior? Evidence from two-person beauty contest games," Economics Working Papers 1068, Department of Economics and Business, Universitat Pompeu Fabra.
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    Location Choice; Externalities; Housing Prices; Centrifugal and Cen-tripetal Forces;

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