254 Results Found

This study is the first to perform a focalized analysis on city development, sustainable urban planning, and the negative impact of slum area disamenity on property valuation in suburban and posh areas of the Islamabad region, Pakistan. Slums exist i...

Using ArcGIS software to conduct spatial autocorrelation analysis, it was found that the price distribution of rural homestays in Suzhou is not random but shows apparent spatial clustering. Among the 81 rural homestays were 9 high-high clusters, 25 l...

Accessibility is frequently used for measuring location in housing studies, but specifications of the measures differ greatly and its implications are hardly discussed. This paper sets out to systematically review accessibility measures that are used...

This study quantifies the market values, or implicit prices, of honey quality features (e.g., organic and origin information, package-related features) and floral varieties for supporting beekeepers in differentiating their products to escape from pr...

We investigate the use of a P-spline generalized additive hedonic model (GAM) for real estate prices in large U.S. cities, contrasting their predictive efficiency against commonly used linear and polynomial-based generalized linear models (GLM). Usin...

A number of studies have shown that, in hedonic models, the structural attributes of real property have a greater influence on price than external attributes related to location and the immediate neighbourhood. This makes it necessary to include deta...

In real estate valuation using the Hedonic Price Model (HPM) estimated via Ordinary Least Squares (OLS) regression, subjectivity and measurement errors in the independent variables violate the Gauss–Markov theorem assumption of a non-random coe...

The age–period–cohort problem has been studied for decades but without resolution. There have been many suggested solutions to make the three effects estimable, but these solutions mostly exploit non-linear specifications. Yet, these appr...

Street greenery is a component of urban green infrastructure. By forming foundational green corridors in urban ecological systems, street greenery provides vital ecological, social, and cultural functions, and benefits the wellbeing of citizens. Howe...

Environmental justice (EJ) has become an increasingly significant issue for environmental management and has thus attracted increasing government and public attention. Although some studies have used techniques of proximity based on geographical info...

Recent rapid population growth and increasing urbanisation have led to fast vertical developments in urban areas. Therefore, in the context of the dynamic property market, factors related to the third dimension (3D) need to be considered. Current hed...

Neighborhood services, property attributes, and their associated amenities have positive impacts on land and property values. This impact is estimated by the hedonic pricing model, which is considered an effective method used in previous studies for...

In the era of big data, advances in relevant technologies are profoundly impacting the field of real estate appraisal. Many scholars regard the integration of big data technology as an inevitable future trend in the real estate appraisal industry. In...

The Hedonic Pricing Method is one of the principal assessment methods for evaluating services and resources not normally exchanged on the market. However, the method is often unable to account for the great variety of qualities in an urban context an...

Most existing studies empirically investigated the impact of rail transit on housing prices using the traditional hedonic price model, which is based on ordinary least squares (OLS). This method can estimate only the average implicit prices of housin...

The dynamic fluctuations in the real estate market significantly impact the development of the national economy. Investigating the spatiotemporal characteristics of housing prices can assist the government in formulating rational regulatory policies....

The housing prices are crucial to the sustainable development of the real estate market. Nowadays, few academic attempts have focused on the impact of multi-dimensional accessibility on housing prices in a large-scale area. This study utilized machin...

Understanding the housing price premium of high-quality education could be important for improving our knowledge on the formation of housing prices and potential consequences of educational resources misallocation. This paper estimates the housing pr...

Cities often show residential income segregation, and the price of housing is generally related to employment accessibility, but how do these factors intersect? We analyse Greater Sydney, Australia, a metropolitan area of 5 million people. Sydney is...

A good living environment is the foundation of sustainable housing. Exploring the external influence of environmental factors on housing prices is one of the key issues in the field of real estate research; however, the current study of the urban wat...

The existence of a green premium in house (asking) prices in Alicante province, Spain, are analyzed using circa 9000 property observations. In developing the sample, information from energy efficiency certificates was matched with two other databases...

Urban river restoration provides significant ecological and social benefits, yet its market valuation remains underexamined in rapidly urbanizing inland cities. This study estimates the economic value of integrated blue–green spaces generated b...

Statistical methods are widely used for valuation (prediction of the value at sale or auction) of a unique object such as a work of art. The usual approach is estimation of a hedonic model for objects of a given class, such as paintings from a partic...

The listed price of real estate is a subjective reflection of its value by sellers, usually related to structural, neighborhood, and environmental attributes. Although previous studies have proposed the hedonic pricing model, factors related to perce...

Hedonic house price studies typically incorporate information about location by including either a set of dummy variables to represent individual locations called “neighborhoods” or by using a set of distance (or travel time) variables to...

Urban green spaces provide various social, economic, health, aesthetic, environmental, and ecological benefits. This study aimed to investigate the influence of green spaces on apartment prices, with a particular emphasis on visual greenery and the p...

The Italian market of processed tomatoes (whole peeled and unpeeled tomatoes, chopped tomato pulp, tomato purée, and concentrated tomato paste) rose, thanks to the Italian tradition of using such products in many recipes of cuisine, until earl...

This paper proposes a hedonic regression model to estimate housing prices and the spatial variability of prices over multiple years. Using the model, maps are obtained that represent areas of the city where there have been positive or negative change...

Urban greenspaces, such as parks and other public vegetated spaces, provide respite from the built environment for residents and visitors. Lesser-known urban greenspaces are community-managed open spaces (CMOSs), such as play lots, community gardens,...

Natural landscape views have positive sides, such as providing restorative effects to urban residents, and negative sides, such as deepening wealth inequality. Previous studies have mainly focused on the positives and rarely on the negatives. From th...

This paper describes a study of the relationship between undesired road traffic externalities and residential price values in the Spanish city of Madrid. A large database was gathered, including the price and characteristics of 21,634 flats and road...

With the commercialization of housing and the deepening of urbanization in China, housing prices are having increasing influence on the land market, and thus indirectly affecting urban development. As various spatial features of an urban housing prop...

This study aims to estimate the market value, or implicit prices, associated with the main craft beer attributes (e.g., beer style, organic, gluten-free, and package-related features) and support producers in detecting the more profitable marketing s...

Currently, the quality and safety of agricultural products and the enhancement of the agroecological environment are widely discussed. In response to solving the problem of insufficient exploitation of the market potential regarding sustainable agric...

Urban blue spaces (UBS) have been shown to provide a multitude of cultural ecosystem services to urban residents, while also having a considerable impact on the surrounding community’s house prices. However, the impact of different types of UBS...

The public transit system is often developed in tandem with urban growth, bringing improved accessibility and raising housing prices around stations. The impact of public transport accessibility on housing prices demand in-depth empirical studies to...

Italy is the world leader in the production of pasta and the Italian market is characterized by strong price competition among large industrial producers. Thus, recently, many small and medium firms have started to differentiate their products as a w...

The housing market in Chinese metropolises have become inflated significantly over the last decade. In addition to an economic upturn and housing policies that have potentially fueled the real estate bubble, factors that have contributed to the spati...

This study empirically delves into whether residential heating methods significantly affect apartment prices in Uiwang City, a suburban city near the Seoul Metropolitan area, South Korea. Using data from 1256 apartment sales, where both district heat...

The Seoul metropolitan government has launched the Urban Residential Housing (URH) program to address the shortage of small urban houses, and enhance residential stability for the increasing number of one- and two-person households in Seoul, Korea. W...

This study aims to investigate the economic effects of stormwater best management practices (BMPs) on housing sale prices in Washington, D.C., BMPs play a significant role in mitigating multiple threats, such as water pollution, soil erosion, and pro...

The continuous change process in the impact of differences in public transport accessibility has not been explained specifically in previous studies. This study reveals that the interaction between two continuous explanatory variables has a significa...

This study aimed to examine the association between housing prices and green space characteristics with a special focus on exploring the effects of the shape pattern index. The research was based on a hedonic price model across two main distance buff...

This study analyses the impacts of environmental amenities associated with agricultural and silvicultural land use on the price of rural tourism accommodation in Asturias (Spain). A hedonic price model that relates the price of rural accommodation to...

The influence of building or dwelling energy performance on the real estate market dynamics and pricing processes is deeply explored, due to the fact that energy efficiency improvement is one of the fundamental reasons for retrofitting the existing h...

Within housing literature, the presence of spatial autocorrelation (S.A.) in housing prices is typically examined horizontally in a two-dimensional setting. However, in the context of apartment buildings, there is also a vertical component of S.A. fo...

Understanding how public service accessibility is related to housing prices is crucial to housing equity, yet the heterogeneous capitalisation effect remains unknown. This study aims to investigate the spatial effect of public service accessibility o...

Rail transit is a significant measure for the comprehensive development of large cities, which influences the land use patterns and the spatial patterns of residential prices around the rail. This study considered Beijing Metro Line 10 and Line 13 as...

With the rapidly increasing house prices in the Netherlands, there is a growing need for more localised value predictions for mortgage collaterals within the financial sector. Many existing studies focus on modelling house prices for an individual ci...

Street art is promoted in most countries to intensify the cultural elements of the cityscape. Although street art provides cultural and social values, its impact on the prices of prewar historic property is still unknown. Therefore, an empirical stud...