Based on more than 10.000 observations of rental flats in Vienna, collected from 2004 to 2006, we apply Bayesian structured additive regression models to estimate hedonic price equations. For this purpose we use explanatory variables such as the buildingís year of construction, its total floor...

The Directive 2002/91/EC of the European Parliament and of the Council of 16 December 2002 (Energy Performance of Buildings Directive, EPD) requires member states to introduce an energy certification in order to reduce energy consumption in buildings. This new directive should help reveal saving...

In this contribution we establish hedonic pricing models integrating spatial effects. Based on prices for more than 52,000 residences in the Vienna region, which are arranged by postal code, we specify a hedonic regression model which explains the price structure in this sample. For this purpose...