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Article

More Reliable Land Price Index: Is There a Slope Effect?

by 1,* and 2
1
Institute of Urban Development, Nanjing Audit University, Nanjing 211815, China
2
Regional Economics Applications Laboratory (REAL), Departments of Economics, Agricultural & Consumer Economics, Geography & Regional Science, Urban & Regional Planning and the Institute of Government & Public Affairs, University of Illinois at Urbana-Champaign, Champaign, IL 61820, USA
*
Author to whom correspondence should be addressed.
Land 2021, 10(3), 261; https://doi.org/10.3390/land10030261
Received: 4 February 2021 / Revised: 23 February 2021 / Accepted: 27 February 2021 / Published: 4 March 2021
This paper focuses on the physical attributes of land that intrinsically limit land use and possibly affect land values. In particular, we investigate if the slope of a land does decrease its price and investigate the role of land slope in forming more reliable constant-quality land price indices and aggregate house price indices. We find that, while land slopes do decrease the land price per unit, they have a small effect on the quality-adjusted land price indices in selected neighborhoods in Auckland, New Zealand, where sloped terrain is common. View Full-Text
Keywords: land price index; land slope; slope discount; decomposition; builder’s model land price index; land slope; slope discount; decomposition; builder’s model
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MDPI and ACS Style

Huang, Y.; Hewings, G. More Reliable Land Price Index: Is There a Slope Effect? Land 2021, 10, 261. https://doi.org/10.3390/land10030261

AMA Style

Huang Y, Hewings G. More Reliable Land Price Index: Is There a Slope Effect? Land. 2021; 10(3):261. https://doi.org/10.3390/land10030261

Chicago/Turabian Style

Huang, Yi, and Geoffrey Hewings. 2021. "More Reliable Land Price Index: Is There a Slope Effect?" Land 10, no. 3: 261. https://doi.org/10.3390/land10030261

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