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Paper eres2016_178:
The Value Diminution of Haunted Houses

id eres2016_178
authors Chu, Nan-Yu
year 2016
title The Value Diminution of Haunted Houses
source 23rd Annual European Real Estate Society Conference in Regensburg, Germany
summary Due to culture custom in Taiwan, people believe that the haunted house is unlucky. Therefore, determining the value diminution of haunted houses poses problems for real estate appraisers. However, throughout relevant literature on this issue, there have been very few discussions on the association between haunted properties and loss of real estate value. In this paper, from the perspective of appraisal, it is to discuss the influence of haunted houses on the value of real estate, and an empirical analysis is made with foreclosure transition data and regression model. The result indicates that the average price difference between haunted houses and non-haunted houses is USD 4,214/square meters, showing that the average loss degree of the haunted house is 36.59%. This study also gives some directions for haunted properties valuation in the future.
series ERES:conference
type paper session
discussion No discussions. Post discussion ...
ratings
session Real Estate Valuation & Appraisal
last changed 2017/11/18 16:16
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