Determining the Impact of a Low-Cost Housing Development on Nearby Property Prices Using Discrete Choice Analysis

M Du Preez and M C Sale

Studies in Economics and Econometrics, 2012, vol. 36, issue 2, 23-36

Abstract: This paper presents an application of the conditional logit model to a small, Nelson Mandela Bay neighbourhood housing data set, with the objective of determining the impact of proximity to a low-cost housing development on nearby property prices. The results of this pilot study show that the average household in the neighbourhood of Walmer is willing to pay between R27 262 and R195 564 to be located 86m further away from an existing low–cost housing development.

Date: 2012
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DOI: 10.1080/10800379.2012.12097237

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