caa a22 4500 606155104 CHVBK 20210128100601.0 cr unu---uuuuu 210128e20150201xx s 000 0 eng 10.1007/s10037-014-0086-0 doi (NATIONALLICENCE)springer-10.1007/s10037-014-0086-0 Hiller Norbert Institute of Spatial and Housing Economics, University of Muenster, Am Stadtgraben 9, 48143, Muenster, Germany aut The relative importance of structural and locational effects on apartment price variations in a medium-sized German city [Elektronische Daten] [Norbert Hiller] Die relative Bedeutung von strukturellen und lagebasierten Effekten auf Immobilienpreisvariationen in einer mittelgroßen deutschen Stadt Beside the specific object attributes, it is often stated that location is the fundamental determinant for real estate prices. But how important is location regarding to other price determinants like size or age of an apartment in a relative point of view? Our results suggest that the relative importance of location parameters depends on the specification of a hedonic model. Locational effects do not capture the essence of an apartment value in every case. It has little impact on price and strong impact on price per sqm variations. Hence the role of location depends on the model specification. Springer-Verlag Berlin Heidelberg, 2014 Relative importance nationallicence Amenities nationallicence Hedonic method nationallicence Real estate and urban economics nationallicence Factor analysis nationallicence Relative Bedeutung nationallicence Annehmlichkeiten nationallicence Hedonische Methode nationallicence Immobilien- und Stadtökonomik nationallicence Faktorenanalyse nationallicence Review of Regional Research Springer Berlin Heidelberg 35/1(2015-02-01), 73-102 0173-7600 35:1<73 2015 35 10037 https://doi.org/10.1007/s10037-014-0086-0 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10037-014-0086-0 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Hiller Norbert Institute of Spatial and Housing Economics, University of Muenster, Am Stadtgraben 9, 48143, Muenster, Germany aut NATIONALLICENCE 773 0- Review of Regional Research Springer Berlin Heidelberg 35/1(2015-02-01), 73-102 0173-7600 35:1<73 2015 35 10037