Asset Details
Do you wish to reserve the book?
Localized Spatiotemporal Effects in the Determinants of Property Prices: A Case Study of Seoul
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Localized Spatiotemporal Effects in the Determinants of Property Prices: A Case Study of Seoul
Do you wish to request the book?
Localized Spatiotemporal Effects in the Determinants of Property Prices: A Case Study of Seoul
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
Localized Spatiotemporal Effects in the Determinants of Property Prices: A Case Study of Seoul
2018
Overview
This research investigates both spatial and temporal elements of the apartment pricing process in Seoul, South Korea by modeling the determinants of apartment prices over a ten-year period from 2006 to 2015 with a hedonic price model containing a spatio-temporal lag model calibrated by geographically weighted regression (GWR). The results yield information on both spatial and temporal variations in the processes affecting apartment prices and demonstrate the use of GWR for generating local spatial dependency measures which are conditioned on various covariates rather than being simple descriptions of pattern. The study utilizes a combined approach to account for both spatial dependency in housing prices and spatial heterogeneity in the processes generating those prices. The results suggest that there are spatial variations in the determinants of apartment prices and that these spatial variations are fairly consistent over time. The effect of the spatial lag on house prices exhibits strong spatial variation which again is reasonably consistent over time.
Publisher
Springer Nature B.V
Subject
