Hedonic housing valuation. An application with environmental variables

Through the utilization of spatial econometrics techniques, it was estimated the effect of some environmental variables on the price of urban housing in the city of Manizales, having as a source the council tax database with resulting use of the update done by IGAC in 2010. Finding that in average h...

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Bibliographic Details
Main Authors:	Ospina, Duván Emilio Ramirez, Giraldo, Lázaro Valencia
Format:	Online
Language:	spa
Published:	Universidad Pedagógica y Tecnológica de Colombia 2014
Subjects:	hedonic prices spatial econometrics heterogeneity spatial autocorrelation Moran’s I Precios hedónicos econometría espacial la I de Moran
Online Access:	https://revistas.uptc.edu.co/index.php/cenes/article/view/2446

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Summary:	Through the utilization of spatial econometrics techniques, it was estimated the effect of some environmental variables on the price of urban housing in the city of Manizales, having as a source the council tax database with resulting use of the update done by IGAC in 2010. Finding that in average houses near to risky areas reduce their price up to 11%, the ones near a slope by 37% and those located in geotechnical treatment area up to 53%.