Effects on Housing Prices of Urban Attraction and Labor-Market Accessibility

Liv Osland and Inge Thorsen

Environment and Planning A, 2008, vol. 40, issue 10, 2490-2509

Abstract: Through a hedonic approach the authors focus primarily on how house prices vary systematically with respect to some general spatial structure characteristics in a Norwegian region. The introduction of a gravity-based labor-market accessibility measure contributes significantly to explain variation in housing prices, and is used in a model formulation where the distance from the city center is accounted for. Based on these results we suggest a distinction between an urban-attraction effect and a labor-market accessibility effect. Quantitatively, the two distinct effects are found to contribute about equally to intraregional variation in housing prices.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:sae:envira:v:40:y:2008:i:10:p:2490-2509

DOI: 10.1068/a39305

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