A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Evaluation of Hedonic Price Models that Explain Transit Induced Impact on Housing Prices
This review article evaluates housing price models and their configurations across 21 housing projects in different parts of the world that have a transit project being in close vicinity. These projects try to explain the impact of transit projects on the housing prices. The housing projects and their respective hedonic price models are studied to compile all the dependent and explanatory variables used in them. The explanatory variables are then classified into six categories, namely (i) Proximity variables, (ii) Proximity premium, (iii) Land/Structural variables, (iv) Neighborhood variables, (v) Accessibility variables, and (vi) Temporal variables. In most of these studies, the dependent variable is a variation of price (rent price, sale price, land price, etc.). The differences in the dependent variables are noted and highlighted in the evaluation. The comparison of different functional form of HPM is done to establish the difference in results and the applicability of them in appropriate models.
Evaluation of Hedonic Price Models that Explain Transit Induced Impact on Housing Prices
This review article evaluates housing price models and their configurations across 21 housing projects in different parts of the world that have a transit project being in close vicinity. These projects try to explain the impact of transit projects on the housing prices. The housing projects and their respective hedonic price models are studied to compile all the dependent and explanatory variables used in them. The explanatory variables are then classified into six categories, namely (i) Proximity variables, (ii) Proximity premium, (iii) Land/Structural variables, (iv) Neighborhood variables, (v) Accessibility variables, and (vi) Temporal variables. In most of these studies, the dependent variable is a variation of price (rent price, sale price, land price, etc.). The differences in the dependent variables are noted and highlighted in the evaluation. The comparison of different functional form of HPM is done to establish the difference in results and the applicability of them in appropriate models.
Evaluation of Hedonic Price Models that Explain Transit Induced Impact on Housing Prices
Lecture Notes in Civil Engineering
Jana, Arnab (editor) / Banerji, Pradipta (editor) / Barpete, Karan (author) / Jana, Arnab (author)
2021-03-18
13 pages
Article/Chapter (Book)
Electronic Resource
English
Spatiotemporal Controls in Hedonic Housing Price Models
| Online Contents | 1997
SPATIAL HEDONIC MODELS OF AIRPORT NOISE, PROXIMITY, AND HOUSING PRICES
| Online Contents | 2008