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GIS-Based Simulation of Accessibility to Enhance Hedonic Modeling and Property Value Appraisal: An Application to Quebec City Metropolitan Area

Author

Listed:
  • Theriault, M.
  • Des Rosier, F.
  • Vandersmissen, M.H.

Abstract

This paper presents a simulation procedure that uses GIS technology for integrating accessibility to services and working places in order to improve modeling of houses values. Most real estate models use simple functions of distance to CBD in order to evaluate access to services and centrality. However, cities are complex systems. Secondary business centers appear. Shopping malls are disseminated. And, daily services are often located in the neighborhoods.

Suggested Citation

  • Theriault, M. & Des Rosier, F. & Vandersmissen, M.H., 1999. "GIS-Based Simulation of Accessibility to Enhance Hedonic Modeling and Property Value Appraisal: An Application to Quebec City Metropolitan Area," Papers 99-011, Laval - Faculte des sciences de administration.
  • Handle: RePEc:fth:lavadm:99-011
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    Citations

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    Cited by:

    1. LE GALLO, Julie, 2000. "Econométrie spatiale 2 -Hétérogénéité spatiale," LATEC - Document de travail - Economie (1991-2003) 2001-01, LATEC, Laboratoire d'Analyse et des Techniques EConomiques, CNRS UMR 5118, Université de Bourgogne.
    2. Julie Le Gallo, 2000. "Spatial econometrics (2, Spatial heterogeneity)
      [Econométrie spatiale (2, Hétérogénéité spatiale)]
      ," Working Papers hal-01526969, HAL.

    More about this item

    Keywords

    HOUSING ; ECONOMIC MODELS ; URBAN AREAS;

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General

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