...Le Ma; Chunlu Liu Purpose Studies into ripple effects have previously focused on the interconnections between house price movements across cities over space and time. These interconnections were widely investigated in previous research using vector autoregression models. However, the effects...

...Ehsan Shekarian; Alireza Fallahpour Purpose The housing sector is one of the main sources of economic growth in both developing and developed countries. Although many methods for modeling house prices have been proposed, each has its own limitations. The present paper aims to propose gene...

...Liv Osland Purpose Hedonic models are commonly used in housing markets studies to obtain quantitative measures of various implicit prices. The use of panel data in other fields of research has proved to be valuable when accounting for unobserved heterogeneity. Given that houses are extremely...

... into hedonic model of apartment prices, the applied methodologies are ordinary least squares and spatial error. Findings With ordinary least squares regression, the slight superiority of Thiessen polygons is found in both in‐sample analysis and ex‐sample prediction. With spatial error technique...

... of observables and non‐observables in a house price index that may overestimate or underestimate the actual change in house prices, well beyond the composition effects. Design/methodology/approach The paper proposes the use of alternative characteristics hedonic functions to compute alternative Laspeyres...

...Joseph Falzon; David Lanzon Purpose The paper aims to describe, construct, and compare alternative price indices for real estate in Malta over the period 1980‐2010. Design/methodology/approach The paper utilises the technique of hedonic regression analysis to construct four hedonic price...

.... Practical implications The study's findings can be directly applied to residential valuation practice and in particular mass appraisal systems. Originality/value This research fills a gap in the body of knowledge relating to water view externalities by investigating the differing price impacts across...

... studied. Findings A price bubble should be defined only in relation to the development of prices: a dramatic increase immediately followed by a dramatic fall. The traditional definition in terms of prices not determined by fundamentals is problematic primarily because the concept “fundamentals...

...Michael Rehm Purpose The purpose of this paper is to quantify leaky building stigma associated with monolithic claddings, explore how this stigma has likely been amplified by media coverage, estimate the number of affected properties and quantify the collective house price impact on homeowners...

... to MFIs adopting the housing programme in addition to the existing line of micro‐finance services and inputs about any market study, profiling the customers, product design, pricing of the product, affordability of the clients, income assessment, loan assessment, operational procedures, risk coping...

...Charlotte Catherine Fortune; James Anthony John Moohan Purpose The purpose of this paper is to investigate the factors that affect the responsiveness of new housing supply to price changes in Denmark, France, Germany, The Netherlands, Spain, the UK and the USA. The practical purpose is to identify...

...Michael Rehm; Olga Filippova Purpose The purpose of this paper is to explore and quantify the impact of geographically defined school zones on house prices in New Zealand. Design/methodology/approach This paper develops a series of hedonic pricing models to analyse 10,000 house sales...

.... Design/methodology/approach Using data from Wake County, North Carolina in the US hedonic modeling is used to estimate the house price as a function of the quantities of a property's characteristics, including the property's access to different types of open spaces, property structural features, public...

... (buyer's) characteristics. Two expansion models are employed to examine the spatial and socio‐economic heterogeneities in housing attribute prices. Findings The results provide strong evidence that the marginal prices of key housing attributes are not constant but vary with household profile...

...Yung Yau; Kwong Wing Chau; Daniel Chi Wing Ho; Siu Kei Wong Purpose The paper's objective is to empirically study the effects of building refurbishment on the prices of the dwelling units in a contiguous housing estate in Hong Kong. Design/methodology/approach In a congested living environment...