More Reliable Land Price Index: Is There a Slope Effect? | Land Portal

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Date of publication: 
March 2021
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© 2021 by the authors; licensee MDPI, Basel, Switzerland. This article is an open access article.

This paper focuses on the physical attributes of land that intrinsically limit land use and possibly affect land values. In particular, we investigate if the slope of a land does decrease its price and investigate the role of land slope in forming more reliable constant-quality land price indices and aggregate house price indices. We find that, while land slopes do decrease the land price per unit, they have a small effect on the quality-adjusted land price indices in selected neighborhoods in Auckland, New Zealand, where sloped terrain is common.

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Author(s), editor(s), contributor(s): 

Huang, Yi
Hewings, Geoffrey


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