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Paper eres2015_126:
London TownA behavioural approach to property prices in the capital city

id eres2015_126
authors Salzman, Diego
year 2015
title London TownA behavioural approach to property prices in the capital city
source 22nd Annual European Real Estate Society Conference in Istanbul, Turkey
summary 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_
keywords Real estate markets, Behavioural real estate, Property Appraisal , London%2C UK
series ERES:conference
type paper session
email salzmand@lsbu.ac.uk
discussion No discussions. Post discussion ...
ratings
session Housing Markets & Economics
last changed 2015/07/08 18:06
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