2019
Article
House prices and relative location
- Heyman, Axel|Sommervoll, Dag Einar
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. .. Read »