The Influence of vintage on house value

Show simple item record Rehm, Michael en Filippova, Olga en Stone, Jeremy en 2012-03-13T23:55:14Z en 2006 en
dc.identifier.citation Pacific Rim Property Research Journal 12(3):232-253 2006 en
dc.identifier.uri en
dc.description.abstract This research provides a significant step towards understanding the relationship between house vintage and value. This study analyses residential sales transactions in New Zealand using hedonic pricing models and uncovers evidence that a home,s vintage is a commodity that commands price premiums or discounts. Vintage is found to have a nonlinear influence on sales price and this relationship differs from market to market. In particular, wealthier markets witness a greater vintage effect, with turn-of-the-century homes realising 15% price premiums over new homes. In contrast, less wealthy markets tend to apply discounts of 20% to 40% to houses of the same vintage. en
dc.description.uri en
dc.publisher Pacific Rim Real Estate Society (PRRES) en
dc.relation.ispartofseries Pacific Rim Property Research Journal en
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. en
dc.rights.uri en
dc.title The Influence of vintage on house value en
dc.type Journal Article en
pubs.issue 3 en
pubs.begin-page 232 en
pubs.volume 12 en
dc.rights.holder Copyright: Pacific Rim Real Estate Society (PRRES) en
pubs.end-page 253 en
dc.rights.accessrights en
pubs.subtype Article en
pubs.elements-id 69084 en Business and Economics en Property en
pubs.record-created-at-source-date 2010-09-01 en

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