Determinants of residential real estate prices-the example of the city of Münster | Determinanten von Wohnimmobilienpreisen: Das Beispiel der Stadt Münster

Bohl, Martin; Michels, Winfried; Oelgemöller, Jens


Abstract
In the present article determinants of residential real estate prices are empirically estimated. The study is based on actually recorded, anonymous transactions data collected for the city of Muenster from 1999 to 2009. The observations include single-family houses, semi-detached houses, end-terrace houses, terrace houses and condominiums. The regressions do have high explanatory power and the estimated parameters are economically plausible. As expected, besides location criteria (quality of residential area, centrality) aspects of size (living space, plot size) and age are important determining factors to explain house-prices. © 2012 Springer-Verlag.



Publication type
Article in Journal

Peer reviewed
No

Publication status
Published

Year
2012

Journal
Jahrbuch fur Regionalwissenschaft

Volume
32

Issue
2

Start page
208

Pages range
193-208

Language
German

ISSN
01737600

DOI

Affiliation
Westfalische Wilhelms-Universitat Munster