| Abstract [eng] |
This research investigates the influence of architectural factors on the housing market value, which is not fully captured by the conventional hedonic properties. The research proposes that architectural design factors, such as the variety and quality of design options, as well as the spatial dependency on the surrounding architectural environment, can explain the unexplained variance of the housing market value. The research aims to develop a theoretical framework for evaluating the impact of architectural factors on the housing market value, and to test it empirically by adding architectural design factors to the hedonic models. The research also explores the concept and classification of architectural factors, and their functional, utilitarian, aesthetic aspects, scale and public or private context. The research contributes to the literature on hedonic modelling and real estate valuation and provides insights for real estate professionals and policy makers. |
