House Age, Price and Rent: Implications from Land-Structure Decomposition

Big cities often witness land price outgrowing structure price. For such cities this paper derives two predictions regarding the dynamics between house prices, rent and structure age. First, older houses have a higher price growth rate than younger ones, even after controlling for location and other...

Full description

Bibliographic Details
Main Authors: Xu, Yangfei (Author), Zhang, Qinghua (Author), Zheng, Siqi (Contributor), Zhu, Guozhong (Author)
Other Authors: Massachusetts Institute of Technology. Center for Real Estate (Contributor), Massachusetts Institute of Technology. Department of Urban Studies and Planning (Contributor)
Format: Article
Language:English
Published: Springer US, 2018-05-22T14:31:01Z.
Subjects:
Online Access:Get fulltext