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Are valuations of place-based amenities driven by scale?
Jönköping University, Jönköping International Business School, JIBS, Economics.ORCID iD: 0000-0002-5664-3115
2017 (English)In: Housing Studies, ISSN 0267-3037, E-ISSN 1466-1810, Vol. 32, no 4, 449-469 p.Article in journal (Refereed) Published
Abstract [en]

Amenities play an important role in explaining regional attractiveness as they increase the competition between places and the demand for housing. This paper contributes to the literature on valuations of place-based amenities by estimating hedonic prices for a differentiated set of amenities, and by examining the link between urban density and amenity valuations. The empirical analysis is based on a sample of 8319 single-family home sales observed during the period 2001–2011. Results show that amenities are valued differently depending on their size, the relationship between size and distance and neighbourhood characteristics. Differentiating among a set of nature- and culture based amenities shows that it is profoundly the value of proximity to open space that vary with neighbourhood density. Results are robust when testing for non-constant implicit prices over different time periods and novel to the literature on valuation of open spaces using the hedonic price model.

Place, publisher, year, edition, pages
Taylor & Francis, 2017. Vol. 32, no 4, 449-469 p.
Keyword [en]
Hedonic pricing, place-based amenities, spatial and temporal heterogeneity
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-32275DOI: 10.1080/02673037.2016.1219330ISI: 000398538500004ScopusID: 2-s2.0-84983528086OAI: oai:DiVA.org:hj-32275DiVA: diva2:1046848
Available from: 2016-11-15 Created: 2016-11-15 Last updated: 2017-05-03Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
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