Economics, Econometrics and Finance
4 years ago

Architectural design directly impacts property market values, study reveals.

JOURNAL OF INTERNATIONAL STUDIES
The influence of architecture on real estate market value: A methodological framework
Valentinas Navickas, Tomas Skripkiūnas, Justyna Tanaś, Maria Trojanek

Paper Summary

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The research explores how the design of buildings affects their market value. It looks at how different architectural features can impact the value of a property. The study aims to understand how things like good design, heritage aspects, and sustainability can influence the price of real estate. By analyzing these factors, the researchers found that architectural variables can play a significant role in determining the market value of a property.