Does the housing market reflect cultural heritage? A case study of Greater Dublin
Item Type:Working Paper
Citation:Moro,Mirko; Mayor,Karen; Lyons,Se??n; Tol,Richard S.J., Does the housing market reflect cultural heritage? A case study of Greater Dublin, 2011
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Does the housing market reflect cultural heritage? We estimate several specifications of a hedonic price equation to establish whether distance to cultural heritage site is capitalised into housing prices in Greater Dublin, Ireland. The results show that distance to the nearest historic building has a significant and robust effect on housing prices. To our knowledge this is the first application of the hedonic price method to cultural heritage.
Type of material:Working Paper
Series/Report no:ESRI Working Paper;386
Availability:Full text available