A spatial hedonic approach for modeling the relationship between quality of urban life and housing prices, case study: Alexandria city, Egypt

Mohamed A. Abdrabo, Mahmoud A. Hassaan and Rofida G. Abdelwahab ()
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Mohamed A. Abdrabo: Alexandria University
Mahmoud A. Hassaan: Alexandria University
Rofida G. Abdelwahab: Alexandria University

Letters in Spatial and Resource Sciences, 2022, vol. 15, issue 1, No 4, 59-77

Abstract: Abstract Urban areas in developing countries face many challenges to improve Quality of Urban Life (QUL). This highlights the need for providing a systematic approach for assessing QUL on regular basis, which can assist in identifying main areas for improvement and support planning and management effort. For this purpose, this paper intends to identify key determinates of QUL and estimate their contribution to housing prices by employing a spatial hedonic pricing approach in Alexandria city. To attain this objective, a three-step methodology was applied involving identification of QUL indicators, determining the sampling procedure and collecting data, and spatial econometrics analysis through Geographically Weighted Regression (GWR). GWR showed that the considered QUL attributes have a noticeable explanatory power exceeding 0.80. These attributes include housing physical conditions, environmental quality and aesthetic attributes, and socio-demographic attributes. Accordingly, city planners and managers should target these attributes in order to improve QUL in the city.

Keywords: Hedonic pricing technique; Urban areas; Quality of urban life; Geographically weighted regression (search for similar items in EconPapers)
JEL-codes: C01 C10 R21 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s12076-021-00298-x

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