Hedonic property pricing

Hedonic pricing is the study of multi-correlation between environmental characteristics of a good and its sales price. The Hedonic property pricing (HPP) method can be used to estimate monetary values for ecosystem services that directly affect amenities of properties which in turn are reflected in property prices. The HPP method requires large data sets of property sales statistics with physical characteristics of the property itself - and particularly for ecosystem services - e.g. characteristics of green infrastructure in the neighborhood.

Associated Oppla members