References
- Barańska, A. M. (2019). Correlation Analysis in the Process of Weighting Real Property Attributes. Real Estate Management and Valuation, 27(4), 74–84. https://doi.org/10.2478/remav-2019-0037
- Baranzini, A., & Schaerer, C. (2011). A sight for sore eyes: Assessing the value of view and land use in the housing market. Journal of Housing Economics, 20(3), 191–199. https://doi.org/10.1016/j.jhe.2011.06.001
- Borst, R. A., & McCluskey, W. J. (2008). The Modified Comparable Sales Method as the Basis for a Property Tax Valuations System and its Relationship and Comparison to Spatially Autoregressive Valuation Models. In T. Kauko & M. D’Amato (Eds.), Mass Appraisal Methods (pp. 49–69). Wiley-Blackwell., https://doi.org/10.1002/9781444301021.ch3
- Bostic, R. W., Longhofer, S. D., & Redfearn, C. L. (2007). Land leverage: Decomposing home price dynamics. Real Estate Economics, 35(2), 183–208. https://doi.org/10.1111/j.1540-6229.2007.00187.x
- Bourassa, S. C., Hoesli, M., & Sun, J. (2004). What’s in a View? Environment & Planning A, 36(8), 1427–1450. https://doi.org/10.1068/a36103
- Bourassa, S. C., Hoesli, M., & Sun, J. (2005). The Price of Aesthetic Externalities. Journal of Real Estate Literature, 13(2), 165–188. https://doi.org/10.1080/10835547.2005.12090160
- Chin, T. L., & Chau, K. W. (2003). A critical review of literature on the hedonic price model. International Journal for Housing Science and Its Applications, 27(2), 145–165.
- Colwell, P. F., Cannaday, R. E., & Wu, C. (1983). The Analytical Foundations of Adjustment Grid Methods. Real Estate Economics, 11(1), 11–29. https://doi.org/10.1111/1540-6229.00277
- Conroy, S., Narwold, A., & Sandy, J. (2013). The value of a floor: Valuing floor level in high-rise condominiums in San Diego. International Journal of Housing Markets and Analysis, 6(2), 197–208. https://doi.org/10.1108/IJHMA-01-2012-0003
- Copiello, S. (2020). Spatial dependence of housing values in Northeastern Italy. Cities (London, England), 96, 102444. https://doi.org/10.1016/j.cities.2019.102444
- Davis, M. A., & Heathcote, J. (2007). The price and quantity of residential land in the United States. Journal of Monetary Economics, 54(8), 2595–2620. https://doi.org/10.1016/j.jmoneco.2007.06.023
- Davis, M. A., & Palumbo, M. G. (2008). The price of residential land in large US cities. Journal of Urban Economics, 63(1), 352–384. https://doi.org/10.1016/j.jue.2007.02.003
- Davis, M. A., Oliner, S. D., Pinto, E. J., & Bokka, S., … (2017). Residential land values in the Washington, DC metro area: New insights from big data. Regional Science and Urban Economics, 66, 224–246. https://doi.org/10.1016/j.regsciurbeco.2017.06.006
- Doszyń, M. (2017). Statistical Determination of Impact of Property Attributes for Weak Measurement Scales. Real Estate Management and Valuation, 25(4), 75–84. https://doi.org/10.1515/remav-2017-0031
- Doszyń, M., & Gnat, S. (2017). Econometric Identification of the Impact of Real Estate Characteristics Based on Predictive and Studentized Residuals. Real Estate Management and Valuation, 25(1), 84–92. https://doi.org/10.1515/remav-2017-0005
- Everitt, B. S., & Skrondal, A. (2010). The Cambridge Dictionary of Statistics (4th ed.). Cambridge University Press. https://doi.org/10.1017/CBO9780511779633
- Fadaei, S., ... (2015). The Effects of Orientation and Elongation on the Price of the Homes in Central Pennsylvania. Pennsylvania State University., Available at http://www.personal.psu.edu/juy18/index_files/Full_Paper_ICCCBE2016_16Dec2015.pdf
- Foryś, I., & Gaca, R. (2020). Objective and Subjective Perception of Real Estate Features in the Light of an Experimental Study. In K. Nermend & M. Łatuszyńska (Eds.), Experimental and Quantitative Methods in Contemporary Economics (pp. 265–275). Springer., https://doi.org/10.1007/978-3-030-30251-1_19
- Franzina, E., (2017). Vicenza. Società Editrice Il Mulino, 6. https://doi.org/10.1402/88572.
- Fregolent, L., & Tedesco, C. (2016). (Urban) sustainability in practice: Insights from the Veneto region. Journal of Urban Regeneration and Renewal, 9(3), 269–282.
- French, N., & Gabrielli, L. (2004). The uncertainty of valuation. Journal of Property Investment & Finance, 22(6), 484–500. https://doi.org/10.1108/14635780410569470
- French, N., & Gabrielli, L. (2007). Market value and depreciated replacement cost: Contradictory or complementary? Journal of Property Investment & Finance, 25(5), 515–524. https://doi.org/10.1108/14635780710776693
- French, N., & Gabrielli, L. (2018). Pricing to market. Journal of Property Investment & Finance, 36(4), 391–396. https://doi.org/10.1108/JPIF-05-2018-0033
- Gaca, R. (2018). Parametric and Non-Parametric Statistical Methods in the Assessment of the Effect of Property Attributes on Prices. Real Estate Management and Valuation, 26(2), 83–91. https://doi.org/10.2478/remav-2018-0018
- Gao, X., & Asami, Y. (2011). Preferential size of housing in Beijing. Habitat International, 35(2), 206–213. https://doi.org/10.1016/j.habitatint.2010.09.002
- Gau, G. W., Lai, T.-Y., & Wang, K. (1992). Optimal Comparable Selection and Weighting in Real Property Valuation: An Extension. Real Estate Economics, 20(1), 107–123. https://doi.org/10.1111/1540-6229.00574
- Gloudemans, R. J. (2001). An Empirical Analysis of the Incidence of Location on Land and Building Values. Lincoln Institute of Land Policy.
- Green, R. K. (1994). Optimal Comparable Weighting and Selection: A Comment. Real Estate Economics, 22(4), 647–654. https://doi.org/10.1111/1540-6229.00653
- Guerin, B. G. (2000). MRA Model Development Using Vacant Land and Improved Property in a Single Valuation Model. Assessment Journal, 7(4), 27–34.
- Halvorsen, R., & Palmquist, R. (1980). The Interpretation of Dummy Variables in Semilogarithmic Equations. The American Economic Review, 70(3), 474–475.
- Hill, R. J. (2012). Hedonic price indexes for residential housing: A survey, evaluation and taxonomy. Journal of Economic Surveys, 27(5), 879-914. https://doi.org/10.1111/j.1467-6419.2012.00731.x
- Huang, Z., Chen, R., Xu, D., & Zhou, W. (2017). Spatial and hedonic analysis of housing prices in Shanghai. Habitat International, 67, 69–78. https://doi.org/10.1016/j.habitatint.2017.07.002
- Isakson, H. R. (1986). The Nearest Neighbors Appraisal Technique: An Alternative to the Adjustment Grid Methods. Real Estate Economics, 14(2), 274–286. https://doi.org/10.1111/1540-6229.00387
- IVSC. (2017). International Valuation Standards. International Valuation Standards Committee.
- Jayasekare, A. S., Herath, S., Wickramasuriya, R., & Perez, P. (2019). The price of a view: Estimating the impact of view on house prices. Pacific Rim Property Research Journal, 25(2), 141–158. https://doi.org/10.1080/14445921.2019.1626543
- Kang, H.-B., & Reichert, A. K. (1991). An Empirical Analysis of Hedonic Regression and Grid-Adjustment Techniques in Real Estate Appraisal. Real Estate Economics, 19(1), 70–91. https://doi.org/10.1111/1540-6229.00541
- Kauko, T. (2003). Residential property value and locational externalities. Journal of Property Investment & Finance, 21(3), 250–270. https://doi.org/10.1108/14635780310481676
- Krause, A., & Kummerow, M. (2011). An Iterative Approach to Minimizing Valuation Errors Using an Automated Comparable Sales Model. Journal of Property Tax Assessment & Administration, 8(2), 39–52.
- LaCour-Little, M., & Green, R. K. (1998). Are Minorities or Minority Neighborhoods More Likely to Get Low Appraisals? The Journal of Real Estate Finance and Economics, 16(3), 301–315. https://doi.org/10.1023/A:1007727716513
- Lancaster, K. J. (1966). A New Approach to Consumer Theory. Journal of Political Economy, 74(2), 132–157. https://doi.org/10.1086/259131
- Lentz, G. H., & Wang, K. (1998). Residential Appraisal and the Lending Process : A Survey of Issues. Journal of Real Estate Research, 15(1/2), 11–39. https://doi.org/10.1080/10835547.1998.12090912
- Lin, T., & Chang, H. (2012). How do appraisers absorb market information in property valuation? Property Management, 30(2), 190–206. https://doi.org/10.1108/02637471211213424
- Lipscomb, J., & Gray, B. (1990). An Empirical Investigation of Four Market-Derived Adjustment Methods. Journal of Real Estate Research, 5(1), 53–66. https://doi.org/10.1080/10835547.1990.12090602
- Lisi, G. (2019). Sales comparison approach, multiple regression analysis and the implicit prices of housing. Journal of Property Research, 36(3), 272–290. https://doi.org/10.1080/09599916.2019.1651755
- Lu, J. (2018). The value of a south-facing orientation: A hedonic pricing analysis of the Shanghai housing market. Habitat International, 81(September), 24–32. https://doi.org/10.1016/j.habitatint.2018.09.002
- Malpezzi, S. (2003). Hedonic Pricing Models: A Selective and Applied Review. In T. O’Sullivan & K. Gibb (Eds.), Housing Economics and Public Policy (pp. 67–89). Blackwell Science., https://doi.org/10.1002/9780470690680.ch5
- Mayer, M., Bourassa, S. C., Hoesli, M., & Scognamiglio, D. (2019). Estimation and updating methods for hedonic valuation. Journal of European Real Estate Research, 12(1), 134–150. https://doi.org/10.1108/JERER-08-2018-0035
- MILAN BOARD OF ENGINEERS AND ARCHITECTS. (2019). Prezzi Tipologie Edilizie. DEITipografia del Genio Civile.
- Oliner, S. D., Nichols, J., & Mulhall, M. R. (2010). Commercial and Residential Land Prices Across the United States. FEDS Working Paper, 16. https://doi.org/10.2139/ssrn.1783627
- Orford, S. (1988). Valuing Location in an Urban Housing Market. 3rd International Conference on GeoComputation, UK: University of Bristol.
- Özdilek, Ü. (2012). An overview of the enquiries on the issue of apportionment of value between land and improvements. Journal of Property Research, 29(1), 69–84. https://doi.org/10.1080/09599916.2011.583670
- Özdilek, Ü. (2016). Property price separation between land and building components. Journal of Real Estate Research, 38(2), 205–228. https://doi.org/10.1080/10835547.2016.12091443
- Özdilek, Ü. (2020). Property valuation based on Choquet integral. Computational & Applied Mathematics, 39(2), 98. https://doi.org/10.1007/s40314-020-1122-z
- Pace, R. K. (1998). Total Grid Estimation. Journal of Real Estate Research, 15(1), 101–114. https://doi.org/10.1080/10835547.1998.12090914
- Pace, R. K., & Gilley, O. W. (1998). Generalizing the OLS and Grid Estimators. Real Estate Economics, 26(2), 331–347. https://doi.org/10.1111/1540-6229.00748
- Páez, A., Fei Long, L., & Farber, S. (2008). Moving Window Approaches for Hedonic Price Estimation: An Empirical Comparison of Modelling Techniques. Urban Studies (Edinburgh, Scotland), 45(8), 1565–1581. https://doi.org/10.1177/0042098008091491
- Parker, D. (2016). International Valuation Standards. A Guide to the Valuation of Real Property Assets. Wiley-Blackwell. https://doi.org/10.1002/9781118329795
- RICS. (2017). RICS Valuation - Global Standards 2017. Royal Institution of Chartered Surveyors.
- Rodgers, T. (1994). Property-to-property comparison. The Appraisal Journal, 62(1), 64–67.
- Rosen, S. (1974). Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition. Journal of Political Economy, 82(1), 34–55. https://doi.org/10.1086/260169
- Sander, H. A., & Polasky, S. (2009). The value of views and open space: Estimates from a hedonic pricing model for Ramsey County, Minnesota, USA. Land Use Policy, 26(3), 837–845. https://doi.org/10.1016/j.landusepol.2008.10.009
- Scarrett, D. (1996). Property Valuation: The Five Methods. E&FN Spon.
- Simonotti, M., Salvo, F., Ciuna, M., & De Ruggiero, M. (2016). Measurements of Rationality for a Scientific Approach to the Market-Oriented Methods. Journal of Real Estate Literature, 24(2), 403–427. https://doi.org/10.1080/10835547.2016.12090435
- Song, H.-S., Wilhelmsson, M., & Zheng, M. (2019). Buyer’s Willingness To Pay For Dwellings With Different Orientations. International Journal of Strategic Property Management, 23(6), 450–466. https://doi.org/10.3846/ijspm.2019.10430
- Song, Y., & Knaap, G.-J. (2003). New urbanism and housing values: A disaggregate assessment. Journal of Urban Economics, 54(2), 218–238. https://doi.org/10.1016/S0094-1190(03)00059-7
- Stanghellini, S., & Copiello, S. (2011). Urban Models in Italy: Partnership Forms, Territorial Contexts, Tools, Results. In R. Dalla Longa (Ed.), Urban Models and Public-Private Partnership (pp. 47–130). Springer., https://doi.org/10.1007/978-3-540-70508-6_3
- Sun, H., Tu, Y., & Yu, S.-M. (2005). A Spatio-Temporal Autoregressive Model for Multi-Unit Residential Market Analysis. The Journal of Real Estate Finance and Economics, 31(2), 155–187. https://doi.org/10.1007/s11146-005-1370-0
- Tajani, F., Morano, P., Salvo, F., & De Ruggiero, M. (2020). Property valuation: The market approach optimised by a weighted appraisal model. Journal of Property Investment & Finance, 38(5), 399–418. https://doi.org/10.1108/JPIF-07-2019-0094
- Tajima, K. (2019). Shared amenities’ impacts on condominium resale values. International Journal of Housing Markets and Analysis, 13(2), 281–297. https://doi.org/10.1108/IJHMA-03-2019-0038
- Thorsnes, P. (2002). The Value of a Suburban Forest Preserve: Estimates from Sales of Vacant Residential Building Lots. Land Economics, 78(3), 426–441. https://doi.org/10.2307/3146900
- Tyrväinen, L., & Miettinen, A. (2000). Property Prices and Urban Forest Amenities. Journal of Environmental Economics and Management, 39(2), 205–223. https://doi.org/10.1006/jeem.1999.1097
- Vandell, K. D. (1991). Optimal Comparable Selection and Weighting in Real Property Valuation. Real Estate Economics, 19(2), 213–239. https://doi.org/10.1111/1540-6229.00550
- Wang, D., & Li, S.-M. (2004). Housing Preferences in a Transitional Housing System: The Case of Beijing, China. Environment & Planning A, 36(1), 69–87. https://doi.org/10.1068/a35263
- Willis, K. G., & Garrod, G. D. (1993). Not from experience: A comparison of experts’ opinions and hedonic price estimates of the incremental value of property attributable to an environmental feature. Journal of Property Research, 10(3), 193–216. https://doi.org/10.1080/09599919308724093
- Wing Chau, K. W., Kei Wong, K. S., & Yim Yiu, C. Y. (2004). The value of the provision of a balcony in apartments in Hong Kong. Property Management, 22(3), 250–264. https://doi.org/10.1108/02637470410545020
- Wong, S. K., Chau, K. W., Yau, Y., & Cheung, A. K. C. (2011). Property price gradients: The vertical dimension. Journal of Housing and the Built Environment, 26(1), 33–45. https://doi.org/10.1007/s10901-010-9203-8
- Xiao, Y., Hui, E. C. M., & Wen, H. (2019). Effects of floor level and landscape proximity on housing price: A hedonic analysis in Hangzhou, China. Habitat International, 87(April), 11–26. https://doi.org/10.1016/j.habitatint.2019.03.008A