Purpose – To determine if the ancient Chinese tradition of Feng Shui affects residential property prices in a Western setting (“Western” and “the West” refers to the cultures and peoples of the mainlands Europe, the Americas, Australia, and New Zealand.) Design/methodology/approach –...

Purpose – The purpose of this exploratory paper is to examine the lack of reliability of traditional neo-classical models and to argue that it is due to the hidden complexity and non-linearity that may operate at times in residential housing markets. As a result, market efficiency may be a...

To identify the property research priorities in the UK, a major survey of Investment Property Forum members was conducted in February 2003. Over 40 property research areas were assessed, including both general and specific property research priorities. UK property research priorities were seen...

Purpose – Both hedonics and the traditional sales comparison approach are derived from a similar paradigm with respect to how prices, hence market values, are determined. While the hedonic approach can provide reliable estimates of individual attributes' marginal contribution, it may –...

Purpose – The purpose of this paper is to examine the usefulness of a heuristic expert system, to show its applicability to real‐world valuation problems, and to suggest several avenues for statistical testing. Design/methodology/approach – The expert systems follow a traditional sales...