Location, location, location: Extracting location value from house prices
Research, Conference object, Preprint
- Publisher: SFB 649, Economic Risk Berlin
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
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...