Exploring the land market in the province of Noord-Holland using a spatial explanatory regression model

This paper focuses on rural land prices. Different actors and factors influence land prices. Buurman (2003) has analysed, categorised, and used them to explain spatial differences in transaction prices of parcels using a GIS-based linear regression model. The model distinguishes parcel and transaction characteristics and uses principles of hedonic price and bid-rent theory to explain differences in land prices. Some theoretical aspects regarding the model are discussed. The regression model, estimated on a land transaction dataset covering the province of Noord-Brabant in the southern part of... Mehr ...