Residential Property Value Patterns in London Space Syntax spatial Analysis

The effect of spatial accessibility upon rent is a finding of classic spatial economics. Using space syntax spatial configuration analysis that index spatial accessibility to opportunity (Integration & Choice) the patterns of a large sample of residential property with single and multiple dwellings (+60,000) located in a north London Borough is analysed by using property council tax band as a proxy for property values. The findings show that; the council tax band proxy is a good indicator of residential property sale prices; spatial accessibility as indexed by space syntax spatial analysis give a good account of the variations in residential property values for single and multiples dwellings controlling for buildings age, property size and relative density. Multivariate analysis is used to establish variables weighting. The single most important spatial factor is property size, followed by relative density, small radius Integration, large radius integration, age, low radius Choice.

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