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

Auteur(s) et Affiliation(s)

MORO, M.

Economic and Social Research Institute, Dublin, Irlande

MAYOR, K.

Economic and Social Research Institute, Dublin, Irlande

LYONS, S.

Economic and Social Research Institute, Dublin, Irlande

TOL, R.S.J.

Dept. of Economics, Univ. of Sussex, Brighton, Royaume-Uni

Description :
Does the housing market reflect cultural heritage? We estimate several specifications of a hedonic price equation to establish whether distance to, and density of, cultural heritage site is capitalised into housing prices in Greater Dublin, Ireland. Our results show that some types of cultural heritage sites, such as historic buildings, memorials, and Martello towers, provide positive spillovers to property prices while archaeological sites seem to be a negative amenity. We interpret these premiums (or lack thereof) as capturing aesthetic beauty.

Type de document :
Article de périodique

Source :
Environment and planning A, issn : 0308-518X, 2013, vol. 45, n°. 12, p. 2884-2903, nombre de pages : 20, Références bibliographiques : 2 p.

Date :
2013

Editeur :
Pays édition : Royaume-Uni, London, Pion

Langue :
Anglais