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Pressure of rapid urbanization on abiotic environmental parameters in the residential blocks is one of the major challenges of city corporation authorities in Bangladesh. Environmental degradation often reduces property value in the housing market. However, the studies attempted to assess the...
Persistent link: https://www.econbiz.de/10012256678
The application of hedonic price approaches to obtain estimates of the households' value of apartment characteristics is invalid for regulated housing markets such as public housing. We introduce and apply an alternative method that allows us to estimate renters' marginal willingness to pay for...
Persistent link: https://www.econbiz.de/10011381585
We use the 2011 Fukushima accident to evaluate the impact of the perceived risks of nuclear power plants on apartment rents in Switzerland. Using online advertisements over 12 years and a difference-in-differences approach, we find a 2.3% price discount after the accident for apartments near...
Persistent link: https://www.econbiz.de/10013048971
This research analyses the effect of public transport accessibility on the prices of flats in Hong Kong. In order to correctly identify the impact of transport convenience, we estimate regression models by regions in bear and bull markets separately. In addition, we consider the standard pricing...
Persistent link: https://www.econbiz.de/10014047294
Age, time and vintage effects are exact collinear, so their effects cannot be disentangled in regression analyses. Suggestions have been put forward to deal with this problem, but in vain. Since the problem of exact collinearity requires external information to solve, any manipulation of the...
Persistent link: https://www.econbiz.de/10014214768
This paper primarily focuses on predicting housing price gradients in a Norwegian region with one dominating center. Spatial separation is represented by a function of the traveling distance from the city center in a traditional hedonic regression equation. Several functions are tested, and some...
Persistent link: https://www.econbiz.de/10014222702
The aim of our article is to analyze the dynamics of housing prices in the secondary housing market in Warsaw from Q1 2006 to Q3 2013, taking into account the spatial relationship between prices. In the first part of this research we compare the geographically weighted regression with a linear...
Persistent link: https://www.econbiz.de/10013003902
This study uses the opening of the new Circle Line (CCL) in Singapore as a natural experiment to test the effects of urban rail transit networks on non-landed private housing values. We use a network distance measure and a local-polynomial-regression approach to identify the CCL impact zone that...
Persistent link: https://www.econbiz.de/10012969251
Environmental performance certificates constitute one of the main tools to encourage tenants, landlords and any agent in the residential sector to account for energy consumption in property transactions. This paper builds upon prior research and expands the current state of literature by...
Persistent link: https://www.econbiz.de/10012946684
The presence of lead paint significantly impairs cognitive and behavioral development, yet little is known about the value to households of avoiding this residence-specific environmental health risk. In this paper, we estimate the benefits of lead-paint remediation on housing prices. Using data...
Persistent link: https://www.econbiz.de/10012952586