By: |
Moro, Mirko;
Mayor, Karen;
Lyons, Seán;
Tol, Richard S. J. |
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: |
housing market/Ireland |
Date: |
2011–05 |
URL: |
http://d.repec.org/n?u=RePEc:esr:wpaper:wp386&r=cul |