Neighbourhood attributes and housing pricesAn empirical investigation

  1. Brañas-Garza, Pablo
  2. Rodero-Cosano, Javier
Documentos de trabajo ( Instituto de Estudios Sociales Avanzados de Andalucía )

Year of publication: 2004

Issue: 14

Type: Working paper


This paper explores the effect of neighborhood attributes on housing prices. We first analyze the price that subjects are willing to pay for these attributes and second, how this neighborhood variables are distributed within the city. Using both the demand and the spatial supply of these variables we evaluate the spatial evolution of housing prices. Results indicate that neighborhood amenities influence the distribution of housing prices within the city.