Does the housing market reflect cultural heritage? A case study of Greater Dublin
TOL, RICHARD S. J.
Metadata:Show full item record
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
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.
Series/Report no:ESRI Working Paper;386