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Housing Price Gradients in a Region with One Dominating Center

Author

Listed:
  • Liv Osland

    (Stord/Haugesund University College,Bjørnsonsgt. 45, 5528 Haugesund, Norway)

  • Inge Thorsen

    (Stord/Haugesund University College, Bjørnsonsgt. 45, 5528 Haugesund, Norway)

  • Jens Petter Gitlesen

    (University of Stavanger, 4036 Stavanger, Norway)

Abstract

This paper primarily focuses on predicting housing price gradients in a Norwegian region with one dominating center. Spatial separation is represented by a function of the traveling distance from the city center in a traditional hedonic regression equation. Several functions are tested, and some alternatives provide a satisfying goodness-of-fit, consistent coefficient estimates, and intuitively reasonable predictions of housing price gradients. Still, not all commonly used functions are recommended. The findings also indicate that the strength of spatial autocorrelation is reduced when the hedonic function is properly specified.

Suggested Citation

  • Liv Osland & Inge Thorsen & Jens Petter Gitlesen, 2007. "Housing Price Gradients in a Region with One Dominating Center," Journal of Real Estate Research, American Real Estate Society, vol. 29(3), pages 321-346.
    • Handle: RePEc:jre:issued:v:29:n:3:2007:p:321-346
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    References listed on IDEAS

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    4. Gianni Guastella & Stefano Pareglio, 2017. "Spatial Analysis Of Urbanization Patterns: The Case Of Land Use And Population Density In The Milan Metropolitan Area," Review of Urban & Regional Development Studies, Wiley Blackwell, vol. 29(2), pages 89-102, July.

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