Hedonic modelling, housing submarkets and residential valuation
- 1 January 1996
- journal article
- research article
- Published by Taylor & Francis in Journal of Property Research
- Vol. 13 (1) , 67-83
- https://doi.org/10.1080/095999196368899
Abstract
Implicit in the comparative method of valuation is the concept of housing submarkets yet little attempt has been made to link research into housing market areas with the valuation process. Hedonic models based on price data from Belfast infer that submarkets may be identified over a wider spatial scale than previously considered. Implications for the valuation process relate to the selection of comparable evidence and the quality of variables that the valuer may need to consider.Keywords
This publication has 2 references indexed in Scilit:
- Local housing markets, structure and buyer behaviour: The east belfast caseScandinavian Housing and Planning Research, 1994
- THE APPLICATION OF MULTIPLE REGRESSION ANALYSIS IN PROPERTY VALUATIONJournal of Valuation, 1988