Article
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Preserved in Portico This version is not peer-reviewed
Is There a Slope Discount?
Version 1
: Received: 4 February 2021 / Approved: 5 February 2021 / Online: 5 February 2021 (09:24:11 CET)
A peer-reviewed article of this Preprint also exists.
Huang, Y.; Hewings, G. More Reliable Land Price Index: Is There a Slope Effect? Land 2021, 10, 261. Huang, Y.; Hewings, G. More Reliable Land Price Index: Is There a Slope Effect? Land 2021, 10, 261.
Abstract
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.
Keywords
Land price index; Land slope; Slope discount; Decomposition; Builder’s model
Subject
Business, Economics and Management, Accounting and Taxation
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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