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Heterogeneity in housing attribute prices

Author

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  • Ting Xu

Abstract

Purpose - The paper aims to analyse the Shenzhen housing market. Design/methodology/approach - The paper uses an empirical case study using hedonic modelling that includes not only the property specifics, but also the spatial (via {X,Y} coordinates) and household (buyer's) characteristics. Two expansion models are employed to examine the spatial and socio‐economic heterogeneities in housing attribute prices. Findings - The results provide strong evidence that the marginal prices of key housing attributes are not constant but vary with household profile and absolute‐location context within Shenzhen's housing market. Research limitations/implications - Examining housing market behaviour in major Chinese cities should eventually be approached more explicitly with the development of China's official statistical system. Originality/value - Largely supported by the valuable transaction data, this paper makes initial and valuable attempts to examine the interaction behaviour between property specifics, location coordinates and buyers’ characteristics within one of the very complex and immature housing markets, namely Shenzhen, China.

Suggested Citation

  • Ting Xu, 2008. "Heterogeneity in housing attribute prices," International Journal of Housing Markets and Analysis, Emerald Group Publishing Limited, vol. 1(2), pages 166-181, June.
  • Handle: RePEc:eme:ijhmap:v:1:y:2008:i:2:p:166-181
    DOI: 10.1108/17538270810877781
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    Citations

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    Cited by:

    1. Charles-Olivier Amédée-Manesme & Michel Baroni & Fabrice Barthélémy & Francois des Rosiers, 2017. "Market heterogeneity and the determinants of Paris apartment prices: A quantile regression approach," Urban Studies, Urban Studies Journal Limited, vol. 54(14), pages 3260-3280, November.
    2. Richard J. Vyn & Max Zongyuan Shang, 2021. "Prices paid for farmland in Ontario: Does buyer type matter?," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 69(1), pages 59-72, March.

    More about this item

    Keywords

    China; Housing; Modelling; Pricing;
    All these keywords.

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