London TownA behavioural approach to property prices in the capital city
||London TownA behavioural approach to property prices in the capital city
||22nd Annual European Real Estate Society Conference in Istanbul, Turkey
||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_
||Real estate markets, Behavioural real estate, Property Appraisal , London%2C UK
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||Housing Markets & Economics
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