Architecture, historic zoning, and the value of homes
PK Asabere, G Hachey, S Grubaugh - The Journal of Real Estate Finance …, 1989 - Springer
PK Asabere, G Hachey, S Grubaugh
The Journal of Real Estate Finance and Economics, 1989•SpringerThe principal objective of this paper is to detect any partial effects due to architecture on
home value. The empirical results show that premium prices are associated with the
historical architectural styles like colonial, federal, garrison, and Victorian. A second
objective to detect potential impacts of historic zoning, however, does not show conclusively
that the historic district of Newburyport has positive external effects.
home value. The empirical results show that premium prices are associated with the
historical architectural styles like colonial, federal, garrison, and Victorian. A second
objective to detect potential impacts of historic zoning, however, does not show conclusively
that the historic district of Newburyport has positive external effects.
Abstract
The principal objective of this paper is to detect any partial effects due to architecture on home value. The empirical results show that premium prices are associated with the historical architectural styles like colonial, federal, garrison, and Victorian. A second objective to detect potential impacts of historic zoning, however, does not show conclusively that the historic district of Newburyport has positive external effects.
Springer