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Data requirements of hedonic models in determining the impact on infrastructure charges on new housing costs [electronic resource]

By: Contributor(s): Language: English Series: COBRA ; 2013Publication details: London RICS 2013ISBN:
  • 9781783210305
Subject(s): Summary: A paper presented at the COBRA Conference in New Delhi on 10-12 September 2013. Looks at several international hedonic house price models seeking to quantify the effect of infrastructure charges on new house prices. This research finds there is little consistency between existing models and the data sets utilised. Specification appears dependent upon data availability rather than sound theoretical grounding. This may lead to a lack of external validity with model specification dependent upon data availability rather than sound theoretical grounding.

A paper presented at the COBRA Conference in New Delhi on 10-12 September 2013. Looks at several international hedonic house price models seeking to quantify the effect of infrastructure charges on new house prices. This research finds there is little consistency between existing models and the data sets utilised. Specification appears dependent upon data availability rather than sound theoretical grounding. This may lead to a lack of external validity with model specification dependent upon data availability rather than sound theoretical grounding.