Konferenzbeitrag
Distinctively different: A new approach to valuing architectural amenities
We propose a method to estimate the capitalized value of the architectural design quality of a neighbourhood. 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 47 conservation area neighbourhoods in England in which we analyse around 7900 property transactions and interview more than 500 residents. We find a capitalization effect of about 25.4% (£38.7k) associated with a one-step increase on a five-step scale ranging from not at all-distinctive to very distinctive. Our results suggest that this effect is at least partially driven by an architectural externality.
- Sprache
-
Englisch
- Erschienen in
-
Series: 55th Congress of the European Regional Science Association: "World Renaissance: Changing roles for people and places", 25-28 August 2015, Lisbon, Portugal
- Klassifikation
-
Wirtschaft
Regional Government Analysis: Land Use and Other Regulations
Organizational Behavior; Transaction Costs; Property Rights
- Thema
-
Architecture
beauty
boundary discontinuity
conservation areas
design
Englan
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ahlfeldt, Gabriel
Holman, Nancy
- Ereignis
-
Veröffentlichung
- (wer)
-
European Regional Science Association (ERSA)
- (wo)
-
Louvain-la-Neuve
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Konferenzbeitrag
Beteiligte
- Ahlfeldt, Gabriel
- Holman, Nancy
- European Regional Science Association (ERSA)
Entstanden
- 2015
Ähnliche Objekte (12)
Distinctively Different: A New Approach to Valuing Architectural Amenities
Valuing rural amenities
Investors' favourite - A different look at valuing individual labour income
Endogenous Amenities and the Spatial Structure of Cities
The role of different urban amenities in attracting knowledge workers: Presenting the research design and first results
A comment on amenities and urban and regional development
Optimal Land Use and the Allocation of Endogenous Amenities
The Relevance of Amenities and Agglomeration for Dutch Housing Prices
Ecomomic evaluation of urban amenities including the effects on migration
Jobs or Amenities – What determines the migration balances of cities?
Valuing spectrum at mm wavelengths for cellular networks
Amenities and location of hotels: a micro-economic model and estimations.
Distinctively Different: A New Approach to Valuing Architectural Amenities
Valuing rural amenities
Investors' favourite - A different look at valuing individual labour income
Endogenous Amenities and the Spatial Structure of Cities
The role of different urban amenities in attracting knowledge workers: Presenting the research design and first results
A comment on amenities and urban and regional development
Optimal Land Use and the Allocation of Endogenous Amenities
The Relevance of Amenities and Agglomeration for Dutch Housing Prices
Ecomomic evaluation of urban amenities including the effects on migration
Jobs or Amenities – What determines the migration balances of cities?
Valuing spectrum at mm wavelengths for cellular networks
Amenities and location of hotels: a micro-economic model and estimations.
Distinctively Different: A New Approach to Valuing Architectural Amenities
Valuing rural amenities
Investors' favourite - A different look at valuing individual labour income
Endogenous Amenities and the Spatial Structure of Cities
The role of different urban amenities in attracting knowledge workers: Presenting the research design and first results
A comment on amenities and urban and regional development
Optimal Land Use and the Allocation of Endogenous Amenities
The Relevance of Amenities and Agglomeration for Dutch Housing Prices
Ecomomic evaluation of urban amenities including the effects on migration
Jobs or Amenities – What determines the migration balances of cities?
Valuing spectrum at mm wavelengths for cellular networks