The economics of style

Frans Schilder and Edwin Buitelaar

ERES from European Real Estate Society (ERES)

Abstract: In the last decades, many advanced economies have experienced the proliferation of design styles that refer to the past. Some have raised the hypothesis that the willingness to pay for these neo-traditional dwellings is larger than for dwellings with other, more 'modern' design styles. Theoretically this is possible in restricted housing markets with imperfect market competition. To our knowledge the existence of price effects for building styles has not been researched yet. This paper reports on a cross-sectional hedonic price analysis of building styles in the Netherlands. We find a significant price premium for neo-traditional architecture.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2015-07-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://eres.architexturez.net/doc/oai-eres-id-eres2015-113 (text/html)
https://eres.architexturez.net/system/files/eres2015_113.content.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2015_113

Access Statistics for this paper

More papers in ERES from European Real Estate Society (ERES) Contact information at EDIRC.
Bibliographic data for series maintained by Architexturez Imprints ().