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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP11439 |
DP11439 Distinctively Different: A New Approach to Valuing Architectural Amenities | |
Gabriel Ahlfeldt; Nancy Holman | |
发表日期 | 2016-08-18 |
出版年 | 2016 |
语种 | 英语 |
摘要 | We propose a method to estimate the capitalised value of the architectural design quality of an area. Our economic design premium is identified by spatially differentiating property prices and design quality within neighbourhoods and comparing the differences across neighbourhoods. We apply our method to 48 conservation area neighbourhoods in England in which we analyse around 7900 property transactions and interview more than 500 residents. We find a capitalisation effect of about 6.6% (£16k) associated with a one standard deviation increase in our index of distinctive design. Our results suggest that this effect is at least partially driven by architectural externalities. |
主题 | International Trade and Regional Economics |
关键词 | Architecture Boundary discontinuity Conservation areas Design England Property prices |
URL | https://cepr.org/publications/dp11439 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540253 |
推荐引用方式 GB/T 7714 | Gabriel Ahlfeldt,Nancy Holman. DP11439 Distinctively Different: A New Approach to Valuing Architectural Amenities. 2016. |
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