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The Journal of Real Estate Finance and Economics

Erschienen in:

12.05.2020

Does Proximity to School Still Matter Once Access to Your Preferred School Zone Has Already Been Secured?

verfasst von: Yi Huang, Sandy Dall’erba

Erschienen in: The Journal of Real Estate Finance and Economics | Ausgabe 4/2021

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Abstract

This paper examines the relationship between proximity to secondary schools and property values within three school enrollment zones in Auckland, New Zealand. Results indicate that, in the most sought-after school zone, house prices increase with proximity to school but decrease above 3.664 km. Moreover, we find that the nonlinear effects are most prominent at the lower quantile of the sales price distribution. In the other two school zones, proximity to school reduces house prices. These results demonstrate that distance to school still matters within each school enrollment zone.

Vorheriger Artikel Geographic Heterogeneity in Housing Market Risk and Portfolio Choice

Nächster Artikel Are Housing Wealth Effects Asymmetric in Booms and Busts?

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Titel: Does Proximity to School Still Matter Once Access to Your Preferred School Zone Has Already Been Secured?
verfasst von: Yi Huang
Sandy Dall’erba
Publikationsdatum: 12.05.2020
Verlag: Springer US
Erschienen in: The Journal of Real Estate Finance and Economics / Ausgabe 4/2021
Print ISSN: 0895-5638
Elektronische ISSN: 1573-045X
DOI: https://doi.org/10.1007/s11146-020-09761-w

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