Reference : Neighborhood green and services diversity effects on land prices: evidence from a mul...
Scientific journals : Article
Social & behavioral sciences, psychology : Human geography & demography
Business & economic sciences : Special economic topics (health, labor, transportation…)
http://hdl.handle.net/10993/21381
Neighborhood green and services diversity effects on land prices: evidence from a multilevel hedonic analysis in Luxembourg
English
Glaesener, Marie-Line mailto [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Identités, Politiques, Sociétés, Espaces (IPSE) >]
Caruso, Geoffrey mailto [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Identités, Politiques, Sociétés, Espaces (IPSE) >]
Nov-2015
Landscape & Urban Planning
Elsevier Science
143
100-111
Yes (verified by ORBilu)
International
0169-2046
[en] hedonic pricing ; multilevel approach ; cross-regressive model ; land-use diversity ; neighborhood amenities
[en] The article aims at revealing the role of green space diversity and the mix of neighborhood
services on the price of residential land in Luxembourg. We use a multilevel approach to estimate a
hedonic model in order to benefit from the hierarchical structure of the data and to reveal spatial
heterogeneity in the valuation of these neighborhood qualities. In addition to standard accessibility
and socio-economic variables, we include geographical variables in the form of neighborhood mix
indices and a Shannon diversity index of land-uses. Via a spatial cross-regressive specification we also
test whether our nested levels are able to capture most of the spatial dependence. Our results show
that the presence of a mix of services and green space does not directly impact prices, but that the
diversity of land-uses (Shannon index) matters, and has negative effects when considered within
immediate proximity and positive effects within a walking distance. Land use effects however vary
spatially and emphasize the contrast between regions that are particularly attractive and picturesque,
and the former industrial conurbation. In our case we also show the ability of the multilevel approach
to capture spatial auto-correlation effects.
Fonds National de la Recherche - FnR
Researchers ; Professionals ; Students
http://hdl.handle.net/10993/21381
10.1016/j.landurbplan.2015.06.008
http://www.sciencedirect.com/science/article/pii/S0169204615001334
Highlights
• First multilevel hedonic model with landscape amenities and neighbourhood services.
• Opposite effects of landscape diversity at different distances.
• Spatial heterogeneity effects in the valuation of local land-use diversity.
• No impact of services diversity at sub-municipal scale.
• Multilevel model captures context effects and spatial autocorrelation.
FnR ; AFR grant number: PHD-09-095

File(s) associated to this reference

Fulltext file(s):

FileCommentaryVersionSizeAccess
Limited access
GlaesenerCaruso2015LUP_vol143_p100_111.pdfPublisher postprint2.84 MBRequest a copy

Bookmark and Share SFX Query

All documents in ORBilu are protected by a user license.