1887

n Studies in Economics and Econometrics - Determining the impact of a low-cost housing development on nearby property prices using discrete choice analysis

Volume 36, Issue 2
  • ISSN : 0379-6205

Abstract

This paper presents an application of the conditional logit model to a small, Nelson Mandela Bay neighbourhood housing data set, with the objective of determining the impact of proximity to a low-cost housing development on nearby property prices. The results of this pilot study show that the average household in the neighbourhood of Walmer is willing to pay between R27 262 and R195 564 to be located 86m further away from an existing low-cost housing development.

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/content/bersee/36/2/EJC124241
2012-01-01
2019-08-19

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