Impact of spatial fragmentation on value of residential housing using the hedonic price methodology, case of study: Mosquera, Cundinamarca
This study develops the methodology to determine the economic impact of spatial fragmentation on the commercial value of property with residential use, it is using the hedonic price method based on attributes that are considered most relevant for the model, it is considering that this is an heteroge...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidad Distrital Francisco Jose de Caldas
2016-12-01
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| Series: | Redes de Ingeniería |
| Subjects: | |
| Online Access: | http://revistas.udistrital.edu.co/ojs/index.php/REDES/article/view/10321 |
| _version_ | 1818041482752294912 |
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| author | Laura Angélica Cadena Contreras Wendy Yesenia Hernández Suárez Héctor Javier Fuentes López |
| author_facet | Laura Angélica Cadena Contreras Wendy Yesenia Hernández Suárez Héctor Javier Fuentes López |
| author_sort | Laura Angélica Cadena Contreras |
| collection | DOAJ |
| description | This study develops the methodology to determine the economic impact of spatial fragmentation on the commercial value of property with residential use, it is using the hedonic price method based on attributes that are considered most relevant for the model, it is considering that this is an heterogeneous property that is in function on their physical characteristics and their environment. The methodology is applied to analyze the real states values in the municipality of Mosquera, Cundinamarca. The results of spatial econometric estimates suggest that fragmentation besides being significant, at low levels it impacts negatively the residential house prices and at high levels it increases the price. |
| first_indexed | 2024-12-10T08:31:08Z |
| format | Article |
| id | doaj.art-3862189a45054ec5b4f654b3f4874208 |
| institution | Directory Open Access Journal |
| issn | 2248-762X |
| language | English |
| last_indexed | 2024-12-10T08:31:08Z |
| publishDate | 2016-12-01 |
| publisher | Universidad Distrital Francisco Jose de Caldas |
| record_format | Article |
| series | Redes de Ingeniería |
| spelling | doaj.art-3862189a45054ec5b4f654b3f48742082022-12-22T01:56:06ZengUniversidad Distrital Francisco Jose de CaldasRedes de Ingeniería2248-762X2016-12-017217018210.14483/10.14483/udistrital.jour.redes.2016.2.a068417Impact of spatial fragmentation on value of residential housing using the hedonic price methodology, case of study: Mosquera, CundinamarcaLaura Angélica Cadena Contreras0Wendy Yesenia Hernández Suárez1Héctor Javier Fuentes López2Universidad Distrital Francisco José de CaldasUniversidad Distrital Francisco José de CaldasUniversidad Distrital Francisco José de CaldasThis study develops the methodology to determine the economic impact of spatial fragmentation on the commercial value of property with residential use, it is using the hedonic price method based on attributes that are considered most relevant for the model, it is considering that this is an heterogeneous property that is in function on their physical characteristics and their environment. The methodology is applied to analyze the real states values in the municipality of Mosquera, Cundinamarca. The results of spatial econometric estimates suggest that fragmentation besides being significant, at low levels it impacts negatively the residential house prices and at high levels it increases the price.http://revistas.udistrital.edu.co/ojs/index.php/REDES/article/view/10321econometría espacialfragmentación espacialmodelo hedónicousos de suelo |
| spellingShingle | Laura Angélica Cadena Contreras Wendy Yesenia Hernández Suárez Héctor Javier Fuentes López Impact of spatial fragmentation on value of residential housing using the hedonic price methodology, case of study: Mosquera, Cundinamarca Redes de Ingeniería econometría espacial fragmentación espacial modelo hedónico usos de suelo |
| title | Impact of spatial fragmentation on value of residential housing using the hedonic price methodology, case of study: Mosquera, Cundinamarca |
| title_full | Impact of spatial fragmentation on value of residential housing using the hedonic price methodology, case of study: Mosquera, Cundinamarca |
| title_fullStr | Impact of spatial fragmentation on value of residential housing using the hedonic price methodology, case of study: Mosquera, Cundinamarca |
| title_full_unstemmed | Impact of spatial fragmentation on value of residential housing using the hedonic price methodology, case of study: Mosquera, Cundinamarca |
| title_short | Impact of spatial fragmentation on value of residential housing using the hedonic price methodology, case of study: Mosquera, Cundinamarca |
| title_sort | impact of spatial fragmentation on value of residential housing using the hedonic price methodology case of study mosquera cundinamarca |
| topic | econometría espacial fragmentación espacial modelo hedónico usos de suelo |
| url | http://revistas.udistrital.edu.co/ojs/index.php/REDES/article/view/10321 |
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