The price for a single-family house depends both on the characteristics of the building and on its location. We propose a novel semiparametric method to extract location values from house prices. After splitting house prices into building and land components, location values are estimated with...

Covers -- Editorial advisory board -- Guest editorial -- Fractional ownership - analternative residential property investment vehicle -- The emergence of student accommodation as an institutionalised property sector -- Macroeconomic drivers of London house prices -- Residential mortgages, the...

We propose a novel semiparametric method to extract location values from house prices. After splitting house prices into building and land components, location values are estimated with adaptive weight smoothing. The adaptive estimator requires neither strong smoothness assumptions nor local...