London Town: A behavioural approach to property prices in the capital city

Diego Salzman

ERES from European Real Estate Society (ERES)

Abstract: Few cities in the world cause so much attention as London. Arguably the financial centre of Europe and the beating heart of global business, London is a living proof that some of the most important real estate economics postulates do not apply With average prices for a one bedroom flat oscillating around half a million pounds and an average gross income salary of merely £30k, this powerful city seems to be more of a myth for those who aspire success rather than a pleasant city to live in. This paper aims by using behavioural variables along with elements of multimodal critical discourse analysis into a hedonic pricing model, to extend our understanding of the 'irrational’ housing prices in London and why Londoners seem to accept de-facto this inconvenient reality they are living in.

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-eres2015-126 (text/html)

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_126

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 ().