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A spatial analysis of residential land prices in Belgium: accessibility, linguistic border and environmental amenities

Author

Listed:
  • Florence Goffette-Nagot

    () (Université de Lyon, Lyon, F-69003, France; CNRS, GATE, UMR 5824, Ecully, F-69130, France)

  • Isabelle Reginster

    () (IWEPS Institut Wallon d'Evaluation de Prospective et de Statistique, 5001 Namur, Belgium)

  • Isabelle Thomas

    () (CORE and FRS-FNRS, Université catholique de Louvain, 1348 Louvain-la-Neuve, Belgium)

Abstract

This paper explores the spatial variation of land prices in Belgium. The originality of the methodology is threefold : (1) to work at the spatial extent of an entire country, (2) to compute several accessibility measures to all jobs and several representations of the environmental amenities and, more importantly, (3) to test the hypothesis that jobs influence land prices only in the same linguistic region. Spatial autocorrelation is accounted for by estimating spatial models. The results show that the linguistic border acts as a strong barrier in the spatial pattern of land prices and that environmental variables have no significant effect at this scale of spatial analysis.

Suggested Citation

  • Florence Goffette-Nagot & Isabelle Reginster & Isabelle Thomas, 2009. "A spatial analysis of residential land prices in Belgium: accessibility, linguistic border and environmental amenities," Working Papers 0929, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
  • Handle: RePEc:gat:wpaper:0929
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    References listed on IDEAS

    as
    1. Holly, Sean & Pesaran, M. Hashem & Yamagata, Takashi, 2010. "A spatio-temporal model of house prices in the USA," Journal of Econometrics, Elsevier, vol. 158(1), pages 160-173, September.
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    Cited by:

    1. Bala, Alain Pholo & Peeters, Dominique & Thomas, Isabelle, 2014. "Spatial issues on a hedonic estimation of rents in Brussels," Journal of Housing Economics, Elsevier, vol. 25(C), pages 104-123.
    2. Nathalie Picard & Constantinos Antoniou, 2014. "Econometric Methods For Land Use Microsimulation," Working Papers hal-01092031, HAL.
    3. Nathalie Picard & Constantinos Antoniou, 2011. "Econometric guidance for developing UrbanSim models. First lessons from the SustainCity project," ERSA conference papers ersa11p1494, European Regional Science Association.
    4. Jean Cavailhés & Isabelle Thomas, 2011. "The influence of urban sprawl on farmland prices in Belgium (refereed paper)," ERSA conference papers ersa10p1628, European Regional Science Association.

    More about this item

    Keywords

    land price; accessibility; border effect; environment; Belgium;

    JEL classification:

    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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