Hedonic housing valuation. An application with environmental variables

Main Article Content

Autores

Duván Emilio Ramirez Ospina
Lázaro Valencia Giraldo

Abstract

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%.

Keywords:

Article Details

Licence

By submitting articles for evaluation, the author agrees to transfer the publishing rights to Revista Apuntes del CENES for publishing in any format or mean and that the attached partial use license will be signed. To increase their visibility, documents are sent to databases and indexing systems also can be viewed on the website and Redalyc - EBSCO - ProQuest - EconLit - DOAJ -  Scielo - Dialnet - ESCI(WoS) - Latindex  - DOTEC - REPECERIH PLUS - The WZB library -  Actualidad Iberoamericana  -   Publindex  - VCU -  Econpapers - EconBib - Bibilat  -  REDIB  -   Crossref - Worldcat -  CLASE - SHERPA ROMEO - Academia - EconBiz - Socionet - Vlex

The journal is under licence Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)

For CC licenses, the principle is the creative freedom. This system complements the copyright without oppose it. The content of the items is the responsibility of each author, and does not compromise in any way, magazine or institution.

Publishing and reproduction of titles, abstracts and full content for academic, scientific, cultural and nonprofit purposes is allowed, when the respective source is acknowledged. This work cannot be used for commercial purposes.

Apuntes del Cenes is an open access journal which means that all content is freely available without charge to the user or his/her institution. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles, or use them for any other lawful purpose, without asking prior permission from the publisher or the author. This is in accordance with the BOAI definition of open access.

Apuntes del Cenes  does not charge authors for submission or publication

Form 6 Copyright Transfer Form

When sending an article to submit to the Apuntes del CENES journal, the author(s) certify and accept:

1.That the article has not been accepted for evaluation in another journal, nor has it been published.
2.That, in case a publication of a previous version as a working paper (or 'gray literature') has been reported on a website, and that, in the case of publication being accepted, it will be removed from the Internet site, where
will leave only the title, abstract, keywords and hyperlink to the journal.

3.
That once published in Apuntes del CENES will not be published in another magazine.

References

Anónimo. (s.f.). www.uv.es/ ssaz/hedónicos.pdf. Recuperado de www.uv.es/ ssaz/hedónicos.pdf.

Anselin, L. (1988a). Spacial Econometrics: Methods and models. The netherlands: KluwerAcademic publishers.

Anselin, L., & Getis, A. (1992). Spatial Statistical Analysis and Geographic Information Systems.

Arias, H. (2012).Aglomeración industrial en el centro oriente colombiano. Apuntes CENES, 31 (53), 81-109.

Asqueta, D. (1994). Valoración económica de la calidad ambiental. Madrid: Mc GrawHill.

Caridad, J.M. (2008).Metodología de precios hedónicos vs. redes neuronales. Córdoba: Universidad de Córdoba.

Court, A. (1939).Hedonic price indexes with automotive examples, dinamics of automovile.

Cropper, M. (1981). The value of urban amenities. Journal of regional science, 21, 359-374.

Diamond, D. (1980). The relationship between amenities and urban land prices. Land Economics 57, 21-32.

Díaz, M. E., Vanegas, E. A. & Camacho, J. (2014). Determinación de modelos econométricos para la valoración de tierras rurales en Guatemala. Revista Ciencias Técnicas Agropecuarias, 23 (1), 47 - 52.

Duque, J. C. (2011). Infraestructura pública y precios de vivienda: una aplicación de regresión geográficamente ponderada en el contexto de precios hedónicos. Ecos de Economía 15 (33).

Freeman III, M. A. (1979). The Benefits of Environmental Improvements.Washington D.C.: The Johns Hopkins University Press.

Galvis, L. & Carrillo, B. (2013). Índice de precios espacial para la vivienda urbana en Colombia: una aplicación con métodos de emparejamiento. Economía del Rosario 16 (1), 25-59.

Harris,A. (1981). The Hedonic Technique and the valuation of Environmental quality, in advances in appliedmicroeconomics. Connecticut: Kerry V. Smith.

Hass, G. (1922). Sales prices as a basis for farmland appraisal. Technical Bulletin of the University ofMinnesota. Revista de estudios regionales, 135, 158.

Johnson, M. (1987). CBD Land values and múltiple externalities. Land Economics.

Kolstad, C. (2000). Economia Ambiental. Oxford: Oxford University press.

Krugman, P. (1997). Desarrollo, geografía y teoría económica. Barcelona: Antoni Bosch.

Lancaster, K. J. (1966). A NewApproach to Consumer Theory. Journal of Political Economy. 74 (2), pp. 132-157.

Lever,G. (2000).Determinantes del precio de la vivienda en Santiago:Una estimación Hedónica. Paper. Santiago, Chile.

Li, M. (1980). Micro-Neighborhood externalities and hedonic prices. Land economics, 125-141.

Lozano, N. (2011). Is the Price Right? Assessing Estimates of cadastral values for Bogotá, Colombia. California, USA: Geoda CenterArizona State University.

Maller, G. K. (1977). A note on the use of property values in estimating marginal willingness to pay for environmental quality. Journal of Environmental Economics and Management, 4, 355-369.

Manning, C.A. (1988). The determinants of intercity home building site price differences. Land Economics. 64 (1), 1- 14.

Mendieta, J. C. (2001). Manual de valoración económica de bienes no mercadeables. Bogotá: Universidad de losAndes, Facultad de Economía.

Moran, P. (1948). The Interpretation of Statistical Maps. Journal of the Royal Statistical Society B. (10), 243-251.

Moreno, R. (2000). Técnicas económetricas para el tratamiento de datos espaciales: la econometría espacial.Barcelona: Edicions Universitat de Barcelona.

Paelinck, J.H. (1979). Spacial Econometrics. Famborough: Saxon House. Palmquist, R. (1984). Estimating hte demand for the characteristics of housing. Review economics and statistics, 394-404.

Peiser, R. (1987). The determinants of non residential urban land values. J. Urban Economics. 22 (3), 340-360.

POT. (2007). Plan de ordenamiento territorialAcuerdo N° 663 de 13 sep. Manizales.

Ramírez,D. E. (2006).Acumulación de capital y competitividad del territorio. En D. Ramírez, Territorio y competitividad (págs. 32 - 74).Manizales: Blanecolor.

Revollo,D.A. (2009). Calidad de la vivienda a partir de la metodología de precios hedónicos para la Ciudad de Bogotá - Colombia. Revista digital universitaria de la Unam 10 (7).

Ridker,R.G. (1967). The determinants housing prices and the demand for clean air. Journal Environmental Economy. 5 (1), 81-102.

Roback, J. (1982).Wages rents and the quality of life. Journal Political Economy, 1257- 1258.

Rosen, S. (1974).Hedonic prices and Implicit Markets.

Rubinfeld, D. J. & Harrison, D. J. (1978). Hedonic Housing Prices and the Demand for Clean Air. Journal of Enviromental Economics and Management 5, 81-102.

Sánchez, R. (2008). Econometría espacial en los modelos de precios hedónicos.Texas: Cedlas-Unlp-University of Texas at Austin.

Student. (1914). The elimination of spurios correlation due to position in time or space. Biometrika, 10, 179-180.

Valencia,G. L. (2012). Valoración hedónica de la vivienda,Una aplicación con variables ambientales. Manizales: Repositorio Institucional Universidad de Manizales.

Velásquez, L. (2011). La importancia de los bienes públicos en la calidad de vida local. El caso de Manizales, Colombia. Manizales: Centro de Estudios Regionales Cafeteros y Empresariales (CRECE).

Wallace,H.(1926).Comparative farm land values in Iowa”, Journal of Land and Public Utility Economics. Revistade estudiosregionales, 385, 392.

Waught,F.V. (1929). Quality asa Determinant of Vegetable Prices. NewYork: Columbia University Press

Witte, A.H. (1974).An Estimateof a Structural Hedonic Price. Cuadernos de Economía, 1151-1174.

Downloads

Download data is not yet available.