Determinants of Urban House Prices

In recent years there have been several studies on both sides of the Atlantic on the determinants of relative urban house prices . This research has helped to throw light on the empirical validity of the standard theories of residential location . Some studies stress distance and accessibility relationships (Evans, 1973), others emphasise neighbourhood quality (Kain and Quigley, 1970a and b), while others describe the relative price structure in terms of the joint influence of dwelling attributes and locational (neighbourhood) characteristics (Wilkinson, 1971, 1973) . 1 The value of many studies has been reduced, however, by the unavoidable use of group rather than individual data and/or by the restriction of the data base to one segment of a city (linear ray, central city alone, etc .). This study of Edinburgh (Scotland) residential property prices in 1966 avoids both these defects . Its purpose is to present the results of indirect tests of alternative residential location theories (namely accessibility, (Received November 19731

[1]  Solowrm.  CONGESTION, DENSITY, AND THE USE OF LAND IN TRANSPORTATION , 1972 .

[2]  John F. Kain,et al.  THE JOURNEY‐TO‐WORK AS A DETERMINANT OF RESIDENTIAL LOCATION , 1962 .

[3]  B. Robson,et al.  Book Review: The Structure and Growth of Residential Neighbourhoods in American Cities , 1970 .

[4]  Alan W. Evans,et al.  The economics of residential location , 1973 .

[5]  John A. Henning,et al.  The Determinants of Residential Property Values with Special Reference to Air Pollution , 1967 .

[6]  L. Wingo.  Transportation and Urban Land , 1961 .

[7]  W. Alonso.  Location And Land Use , 1964 .

[8]  John F. Kain,et al.  Evaluating the Quality of the Residential Environment , 1970 .

[9]  J. Royce Ginn,et al.  Front matter, The Detroit Prototype of the NBER Urban Simulation Model , 1973 .

[10]  Measuring the Determinants of Relative House Prices , 1973 .

[11]  Walter D. Fisher.  Econometric estimation with spatial dependence , 1971 .

[12]  Michael Ball,et al.  Recent Empirical Work on the Determinants of Relative House Prices , 1973 .

[13]  Eugene F. Brigham,et al.  The Determinants of Residential Land Values , 1965 .

[14]  J. S. Wabe,et al.  A Study of House Prices as a means of Establishing the Value of Journey Time, the Rate of Time Preference and the Valuation of some Aspects of Environment in the London Metropolitan Region , 1971 .

[15]  I. S. Lowry.  A model of metropolis , 1964 .

[16]  Thomas D. Crocker,et al.  Air Pollution and Residential Property Values , 1971 .

[17]  Morton Levitt,et al.  On the Urban Scene , 1972 .

[18]  Michael A. Stegman.  Accessibility models and residential location , 1969 .

[19]  R. Wilkinson.  House Prices and the Measurement of Externalities , 1973 .

[20]  Hugh O. Nourse.  The Effect of Air Pollution on House Values , 1967 .

[21]  John F. Kain,et al.  Measuring the Value of Housing Quality , 1970 .

[22]  Martin J. Beckmann,et al.  On the distribution of urban rent and residential density , 1969 .

[23]  Gordon Logie,et al.  The urban scene , 1954 .