The Impact of Facilities of Leisure and Sports on Housing Prices in Taiwan: An Application of Hierarchical Linear Modeling

Lee Chun-Chang

Journal of Real Estate Practice and Education, 2010, vol. 13, issue 2, 159-175

Abstract: This paper applies a hierarchical linear model (HLM) to explore the relationship between satisfaction with leisure and sports facilities and the price of a house. The main purpose of this work is to examine how house price is influenced by the characteristics of the house (e.g., living area) and neighborhood characteristics (in particular, facilities of leisure and sports). The results show that facilities of leisure and sports significantly influence the average housing price. Additionally, there are also highly significant crosslevel interactions. The positive coefficient for the interaction indicates that the presence of leisure and sports facilities in a neighborhood area act to increase the effect of being a "living area" on the value of housing.

Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.2010.12091674 (text/html)
Access to full text is restricted to subscribers.

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:taf:rjrpxx:v:13:y:2010:i:2:p:159-175

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjrp20

DOI: 10.1080/10835547.2010.12091674

Access Statistics for this article

Journal of Real Estate Practice and Education is currently edited by Reid Cummings

More articles in Journal of Real Estate Practice and Education from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().