We show that price levels defined by postcodes within a city gloss over important price variation driven by relative location. Relative location as in proximity to subway, parks and services turn out to be the major price determinant within a city. This insight can be used by urban planners to conctruct high value neighborhoods.
Heyman, A.Sommervoll, D. 2019. 'House prices and relative location'. Cities. 95. Available: https://doi.org/10.1016/j.cities.2019.06.004