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Municipal assessments versus actual sales price information in hedonic price studies: A South African case study

Author

Listed:
  • Mario du Preez
  • Michael C. Sale

Abstract

In most hedonic price model studies, the actual sales price of a property is employed as the dependent variable in the parametric regression analysis. Although the use of this price is pervasive, alternatives to it do exist. One such alternative is the assessed property value, which is more readily available compared to the actual property […]

Suggested Citation

  • Mario du Preez & Michael C. Sale, 2014. "Municipal assessments versus actual sales price information in hedonic price studies: A South African case study," Working Papers 411, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:411
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    File URL: https://econrsa.org/wp-content/uploads/2022/06/working_paper_411.pdf
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    Citations

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    Cited by:

    1. Sarah Nicholls & John Crompton, 2018. "A Comprehensive Review of the Evidence of the Impact of Surface Water Quality on Property Values," Sustainability, MDPI, vol. 10(2), pages 1-30, February.
    2. vom Hofe, Rainer & Mihaescu, Oana & Boorn, Mary Lynne, 2017. "Do urban parks really benefit homeowners economically? Evidence from a spatial hedonic study of the Cincinnati park system," HUI Working Papers 122, HUI Research.
    3. Kingsley Tetteh Baako, 2019. "Determining House Prices in Data-Poor Countries: Evidence from Ghana," International Real Estate Review, Global Social Science Institute, vol. 22(4), pages 571-595.

    More about this item

    Keywords

    Commodity prices; South Africa; Urbanization;
    All these keywords.

    JEL classification:

    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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