Arbeitspapier

Does the housing market reflect cultural heritage? A case study of Greater Dublin

Does the housing market reflect cultural heritage? We estimate several specifications of a hedonic price equation to establish whether distance to cultural heritage site is capitalised into housing prices in Greater Dublin, Ireland. The results show that distance to the nearest historic building has a significant and robust effect on housing prices. To our knowledge this is the first application of the hedonic price method to cultural heritage.

Language
Englisch

Bibliographic citation
Series: ESRI Working Paper ; No. 386

Classification
Wirtschaft
Subject
cultural economics
cultural heritage
hedonic price
hedonic regression
non-market valuation

Event
Geistige Schöpfung
(who)
Moro, Mirko
Mayor, Karen
Lyons, Seán
Tol, Richard S. J.
Event
Veröffentlichung
(who)
The Economic and Social Research Institute (ESRI)
(where)
Dublin
(when)
2011

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Moro, Mirko
  • Mayor, Karen
  • Lyons, Seán
  • Tol, Richard S. J.
  • The Economic and Social Research Institute (ESRI)

Time of origin

  • 2011

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