Location, location, location: Extracting location value from house prices

Research, Conference object, Preprint OPEN
Jens Kolbe; Rainer Schulz; Martin Wersing; Axel Werwatz;
  • Publisher: ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft Kiel und Hamburg
  • Subject: Wohnstandort | spatial modeling | Deutschland | adaptive weight smoothing | C14 | location value | R31 | Immobilienbewertung | Immobilienpreis | Wohnimmobilien | location value, adaptive weight smoothing, spatial modeling | Wohneigentum | Berlin | Theorie | C50
    • jel: jel:C14 | jel:C50 | jel:R31
      ddc: ddc:330

The price for a single-family house depends both on the characteristics of the building and on its location. We propose a novel semiparametric method to extract location values from house prices. After splitting house prices into building and land components, location v... View more
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