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Paper eres2010_039:
THE REAL ESTATE VALUATION OF THE URBAN PLAZAS

id eres2010_039
authors Faye, Benoit; Lefur, Eric
year 2010
title THE REAL ESTATE VALUATION OF THE URBAN PLAZAS
source 17th Annual European Real Estate Society Conference in Milan, Italy
summary Since the early 90s, European cities most affected by the crisis, sought to become attractive for residents, tourists and investors by launching extensive renovation programs. These have focused primarily on urban places due to their role as interconnection of transport networks and their ability to embed the history of the city. The planner must then consider the effect of these public investments on private property valuation. We are here assuming that the proximity of certain features of urban spaces affects property values. However, we must determine whether the effect of proximity on the price is linear or not and if this effect differs according to a typology of spaces. The significance of the statistical approach assumes to have a long observation period under duress of stability characteristics of the plazas. For the field study we chose the city of Bordeaux in France because of its history and the availability of real estate data long term. 54 plazas are included in the sample.
keywords Urban Plaza Hedonic Method City of Bordeaux Real Estate Valuation
series ERES:conference
email bfaye@groupeinseec.com
more http://www.eres2010.org/index.asp?page=papers_download
content file.pptx (6,292,150 bytes)
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ratings
session Urban Economics (1)
last changed 2010/08/04 20:47
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