This paper aims to investigate how demographics determine the amount and the quality of housing services demanded. It contributes to the current debate in three ways: First, based on a very detailed 2001 cross-section of English households, it finds that human capital is a key driver for...

We estimate total returns to rental housing by studying over 170,000 hand-collected archival observations of prices and rents for individual houses in Paris (1809-1943) and Amsterdam (1900-1979). The annualized real total return, net of costs and taxes, is 4.0% for Paris and 4.8% for Amsterdam,...

Cyberspace is no different from traditional cities, at least in economic terms. Urban economics governs the creation of new space on the Internet and explains location choices and price gradients in virtual space. This study explores registration dynamics in the largest primary market for...

A large part of the literature on urban land valuation uses the land residual method which relies on the assumption that structures are easily replaced: properties are valued at construction cost, i.e., the dollar amount required to bid resources away from other uses of the land plus materials...

We present new methods for urban land valuation based on a high degree of irreversibility given that a substantial structure is present on the land. Irreversibility implies that land and structure value function as a whole until the option to tear down and redevelop becomes valuable. In a...

This paper couples a traditional hedonic model with architectural style classifications from human experts and machine learning (ML) enabled classifiers to estimate sales price premia over architectural styles, both at the building and the neighborhood-level. We find statistically and...