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Effects on Housing Prices of Urban Attraction and Labor-Market Accessibility

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  • Liv Osland
  • Inge Thorsen

Abstract

Through a hedonic approach the authors focus primarily on how house prices vary systematically with respect to some general spatial structure characteristics in a Norwegian region. The introduction of a gravity-based labor-market accessibility measure contributes significantly to explain variation in housing prices, and is used in a model formulation where the distance from the city center is accounted for. Based on these results we suggest a distinction between an urban-attraction effect and a labor-market accessibility effect. Quantitatively, the two distinct effects are found to contribute about equally to intraregional variation in housing prices.

Suggested Citation

  • Liv Osland & Inge Thorsen, 2008. "Effects on Housing Prices of Urban Attraction and Labor-Market Accessibility," Environment and Planning A, , vol. 40(10), pages 2490-2509, October.
    • Handle: RePEc:sae:envira:v:40:y:2008:i:10:p:2490-2509
    DOI: 10.1068/a39305
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    1. Ahlfeldt, Gabriel M. & Wendland, Nicolai, 2016. "The spatial decay in commuting probabilities: Employment potential vs. commuting gravity," Economics Letters, Elsevier, vol. 143(C), pages 125-129.
    2. Sadayuki, Taisuke, 2018. "Measuring the spatial effect of multiple sites: An application to housing rent and public transportation in Tokyo, Japan," Regional Science and Urban Economics, Elsevier, vol. 70(C), pages 155-173.
    3. Mitra, Suman K. & Saphores, Jean-Daniel M., 2016. "The value of transportation accessibility in a least developed country city – The case of Rajshahi City, Bangladesh," Transportation Research Part A: Policy and Practice, Elsevier, vol. 89(C), pages 184-200.
    4. Mathilde Poulhes, 2017. "From Latin Quarter to Montmartre Investigating Parisian Real-Estate Prices," Working Papers 2017-13, Center for Research in Economics and Statistics.
    5. David Philip McArthur & Inge Thorsen & Jan Ubøe, 2014. "Transport networks and accessibility: complex spatial interactions," Chapters, in: Ana Condeço-Melhorado & Aura Reggiani & Javier Gutiérrez (ed.), Accessibility and Spatial Interaction, chapter 3, pages 38-61, Edward Elgar Publishing.
    6. Lin, Jen-Jia & Cheng, Yu-Chun, 2016. "Access to jobs and apartment rents," Journal of Transport Geography, Elsevier, vol. 55(C), pages 121-128.
    7. Liv Osland & Gwilym Pryce, 2012. "Housing Prices and Multiple Employment Nodes: Is the Relationship Nonmonotonic?," Housing Studies, Taylor & Francis Journals, vol. 27(8), pages 1182-1208, November.
    8. Ahlfeldt, Gabriel M. & Wendland, Nicolai, 2016. "The spatial decay in commuting probabilities: employment potential vs. community gravity," LSE Research Online Documents on Economics 66128, London School of Economics and Political Science, LSE Library.
    9. Danya Kim & Jangik Jin, 2019. "The Effect of Land Use on Housing Price and Rent: Empirical Evidence of Job Accessibility and Mixed Land Use," Sustainability, MDPI, vol. 11(3), pages 1-18, February.
    10. Shengxiao Li & Luoye Chen & Pengjun Zhao, 2019. "The impact of metro services on housing prices: a case study from Beijing," Transportation, Springer, vol. 46(4), pages 1291-1317, August.
    11. Jin, Jangik & Rafferty, Peter, 2018. "Externalities of auto traffic congestion growth: Evidence from the residential property values in the US Great Lakes megaregion," Journal of Transport Geography, Elsevier, vol. 70(C), pages 131-140.
    12. Jorge Chica-Olmo & Rafael Cano-Guervos & Mario Chica-Rivas, 2019. "Estimation of Housing Price Variations Using Spatio-Temporal Data," Sustainability, MDPI, vol. 11(6), pages 1-21, March.
    13. Aarland, Kristin & Osland, Liv & Gjestland, Arnstein, 2017. "Do area-based intervention programs affect house prices? A quasi-experimental approach," Journal of Housing Economics, Elsevier, vol. 37(C), pages 67-83.
    14. Vincent Viguié, 2015. "Cross-commuting and housing prices in a polycentric modeling of cities," Policy Papers 2015.03, FAERE - French Association of Environmental and Resource Economists.
    15. Wrede, Matthias, 2017. "Urban land use, sorting, and population density: A continuous logit model," Transportation Research Part B: Methodological, Elsevier, vol. 101(C), pages 283-294.

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