Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed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.

Journal reference: Land 2021, 10, 261
DOI: 10.3390/land10030261

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.

Subject Areas

Land price index; Land slope; Slope discount; Decomposition; Builder’s model

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