A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Spatiotemporal analysis of German real-estate prices
https://orcid.org/0000-0002-9796-6682
Abstract In this paper, we provide a spatiotemporal examination of German real-estate prices in 412 administrative districts. The price process is spatially autocorrelated and stationary over the considered period from 1995 to 2010. To quantify both spatial and temporal effects of the process, we apply different spatiotemporal models. These models are consistently estimated by the maximum likelihood approach, and they are compared with respect to the impact of shocks on fundamental quantities. Moreover, we interpret the economic importance of our results with respect to migrational issues. We show that the willingness of individuals to move or to commute decreased in Germany during the considered years. Furthermore, we include a detailed interpretation of the so-called ripple effect.
Spatiotemporal analysis of German real-estate prices
https://orcid.org/0000-0002-9796-6682
Abstract In this paper, we provide a spatiotemporal examination of German real-estate prices in 412 administrative districts. The price process is spatially autocorrelated and stationary over the considered period from 1995 to 2010. To quantify both spatial and temporal effects of the process, we apply different spatiotemporal models. These models are consistently estimated by the maximum likelihood approach, and they are compared with respect to the impact of shocks on fundamental quantities. Moreover, we interpret the economic importance of our results with respect to migrational issues. We show that the willingness of individuals to move or to commute decreased in Germany during the considered years. Furthermore, we include a detailed interpretation of the so-called ripple effect.
Spatiotemporal analysis of German real-estate prices
https://orcid.org/0000-0002-9796-6682
Abstract In this paper, we provide a spatiotemporal examination of German real-estate prices in 412 administrative districts. The price process is spatially autocorrelated and stationary over the considered period from 1995 to 2010. To quantify both spatial and temporal effects of the process, we apply different spatiotemporal models. These models are consistently estimated by the maximum likelihood approach, and they are compared with respect to the impact of shocks on fundamental quantities. Moreover, we interpret the economic importance of our results with respect to migrational issues. We show that the willingness of individuals to move or to commute decreased in Germany during the considered years. Furthermore, we include a detailed interpretation of the so-called ripple effect.
Spatiotemporal analysis of German real-estate prices
Otto, Philipp (author) / Schmid, Wolfgang (author)
2016
Article (Journal)
English
Spatiotemporal analysis of German real-estate prices
| Springer Verlag | 2018
Spatiotemporal analysis of German real-estate prices
| Online Contents | 2016
Modeling Hong Kong real estate prices
| Online Contents | 2007
Modeling Hong Kong real estate prices
| Online Contents | 2007
Modeling Hong Kong real estate prices
| British Library Online Contents | 2007