Does the housing market reflect cultural heritage? A case study of Greater Dublin

Sean Lyons, Karen Mayor (), Mirko Moro and Richard Tol

No 2011-07, Stirling Economics Discussion Papers from University of Stirling, Division of Economics

Abstract: Does the housing market reflect cultural heritage? We estimate several specifications of a hedonic price equation to establish whether distance to cultural heritage site is capitalised into housing prices in Greater Dublin, Ireland. The results show that distance to the nearest historic building has a significant and robust effect on housing prices. To our knowledge this is the first application of the hedonic price method to cultural heritage.

Keywords: cultural economics; cultural heritage; hedonic regression; hedonic price; non-market valuation (search for similar items in EconPapers)
Date: 2011-05
New Economics Papers: this item is included in nep-cul, nep-eur, nep-tur and nep-ure
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Citations: View citations in EconPapers (15)

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http://hdl.handle.net/1893/3002

Related works:
Journal Article: Does the Housing Market Reflect Cultural Heritage? A Case Study of Greater Dublin (2013)
Working Paper: Does the housing market reflect cultural heritage? A case study of Greater Dublin (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:stl:stledp:2011-07

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