Valuation of Amenities in the Housing Market: A Hedonic Price Approach
Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
This paper intends to examine what fraction of house prices can be accredited to the distance between residential properties and proximity to parks, water and city centers. Although a large body of work on the subject of amenities and house prices using a hedonic model already exists, we wish to contribute with an in-depth analysis on these variables of focus. The empirical analysis uses a dataset concerning 8319 single family house purchases in the Swedish municipality of Jönköping, collected during the years 2000 to 2011. The main findings show that house prices are negatively effected as the distance increases to amenities and that by testing for land value as the dependent variable, we highlight the importance of geographical location while ignoring charac-teristics surrounding the house.
Place, publisher, year, edition, pages
2015. , 24 p.
Hedonic price model, amenity, natural amenity, housing market, Central Business District
IdentifiersURN: urn:nbn:se:hj:diva-26890ISRN: JU-IHH-NAA-1-20150022OAI: oai:DiVA.org:hj-26890DiVA: diva2:816121
Subject / course
Larsson, Johan P.