Does the housing market reflect cultural heritage? A case study of Greater Dublin

Does the housing market reflect cultural heritage? We estimate several specifications of a hedonic price equation to establish whether distance to cultural heritage site is capitalised into housing prices in Greater Dublin, Ireland. The results show that distance to the nearest historic building has a significant and robust effect on housing prices. To our knowledge this is the first application of the hedonic price method to cultural heritage.

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Year of publication:	2011
Authors:	Moro, Mirko ; Mayor, Karen ; Lyons, Seán ; Tol, Richard S. J.
Publisher:	Dublin : The Economic and Social Research Institute (ESRI)
Subject:	cultural economics \| cultural heritage \| hedonic price \| hedonic regression \| non-market valuation

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Series:	ESRI Working Paper ; 386
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	65738089X [GVK] hdl:10419/50040 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10010277571