Do rising rents lead to longer commutes? A gravity model of commuting flows in Ireland

Ahrens, Achim; Lyons, Seán

doi:10.1177/0042098020910698

Cited by 25 publications

(11 citation statements)

References 44 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Liu concluded that accounting for spatial and temporal dependence is not only theoretically warranted, but contributes to better prediction performance. Ahrens and Lyons (2021) construct a model linking commuting times to rental prices in the Dublin region, with rising rents linked to shorter commuting times showing the importance of spatial proximity in valuation models. Lyons (2019) explores the relationship between the advertised asking price for dwellings that are listed on estate agent platforms and final sale prices, showing they act as a good proxy.…”

Section: Geo-spatial Modellingmentioning

confidence: 99%

Irish Property Price Estimation Using A Flexible Geo-spatial Smoothing Approach: What is the Impact of an Address?

Hurley,

Sweeney

2021

Preprint

View full text Add to dashboard Cite

Accurate and efficient valuation of property is of utmost importance in a variety of settings, such as when securing mortgage finance to purchase a property, or where residential property taxes are set as a percentage of a property's resale value. Internationally, resale based property taxes are most common due to ease of implementation and the difficulty of establishing site values. In an Irish context, property valuations are currently based on comparison to recently sold neighbouring properties, however, this approach is limited by low property turnover. National property taxes based on property value, as opposed to site value, also act as a disincentive to improvement works due to the ensuing increased tax burden. In this article we develop a spatial hedonic regression model to separate the spatial and non-spatial contributions of property features to resale value. We mitigate the issue of low property turnover through geographic correlation, borrowing information across multiple property types and finishes. We investigate the impact of address mislabelling on predictive performance, where vendors erroneously supply a more affluent postcode, and evaluate the contribution of improvement works to increased values. Our flexible geo-spatial model outperforms all competitors across a number of different evaluation metrics, including the accuracy of both price prediction and associated uncertainty intervals. While our models are applied in an Irish context, the ability to accurately value properties in markets with low property turnover and to quantify the value contributions of specific property features has widespread application. The ability to separate spatial and non-spatial contributions to a property's value also provides an avenue to site-value based property taxes.

show abstract

Section: Geo-spatial Modellingmentioning

confidence: 99%

Irish Property Price Estimation Using A Flexible Geo-spatial Smoothing Approach: What is the Impact of an Address?

Hurley,

Sweeney

2021

Preprint

View full text Add to dashboard Cite

show abstract

“…Within nations, the concentration of land in the hands of a few generates and perpetuates unequal and unsustainable national transformation. Rental increases drive sprawl and longer commuting patterns (Ahrens & Lyons, 2020). Land concentration also explains widespread insecurities which, in turn, drive the rise of gated housing estates (Ehwi et al, 2019).…”

Section: Limits To Inequalitymentioning

confidence: 99%

Teaching Sustainability: From Monism and Pluralism to Citizenship

Obeng‐Odoom

2020

Journal of Education for Sustainable Development

View full text Add to dashboard Cite

The current pandemic might temporarily slow down environmentally destructive economic growth. However, claiming that we are flattening the curve of (un)sustainability is dangerous. The global sustainability crisis is not just being driven by uneconomic growth but also increasing global inequality and social stratification. Teaching this key lesson requires widening the repertoire of sustainability pedagogy from the conventional wisdom of pedagogical monism to the radical approach centred on both pluralism and pedagogical citizenship.

show abstract

“…With an increase in urbanization and an imbalance of supply and demand for accommodations in many areas, finding affordable housing is challenging [1,2]. Often, the associated housing scarcity is caused by geographical or regulatory constraints [3,4], forcing tenants to accept high rent prices or long commute times [5,6]. However, long commutes can lead to several impairments, including increasing traffic volume and greenhouse emissions.…”

Section: Introductionmentioning

confidence: 99%

Mobility Need-Adaptive Housing Platforms: The Benefit of a Commute Time Search Feature

et al. 2021

View full text Add to dashboard Cite

The growing influx of people to urban areas has resulted in a tense housing market in many places, making the search for a suitable residence an increased challenge. Dedicated online platforms facilitate this process and offer two distinct approaches to find suitable accommodations concerning its location. Traditionally, users can search for a general area like a city to narrow down the results displayed. Additionally, some platforms offer searches based on the maximum commute time between apartments and points of interest. This paper investigates the benefit such approaches yield concerning technology acceptance and the fit of the task and information representation. Thus, a prototypically implemented online platform with and without a commute time search feature was evaluated in an online experiment. The treatment specification achieved significantly better results in terms of information quality and technology acceptance, implicating that such a design should be preferred for websites that facilitate the search for apartments. These insights can contribute to an enhanced understanding of visual system design to reduce the negative sustainability impacts of traffic induced by a divergence of residential and workplaces.

show abstract

Do rising rents lead to longer commutes? A gravity model of commuting flows in Ireland

Cited by 25 publications

References 44 publications

Irish Property Price Estimation Using A Flexible Geo-spatial Smoothing Approach: What is the Impact of an Address?

Irish Property Price Estimation Using A Flexible Geo-spatial Smoothing Approach: What is the Impact of an Address?

Teaching Sustainability: From Monism and Pluralism to Citizenship

Mobility Need-Adaptive Housing Platforms: The Benefit of a Commute Time Search Feature

Contact Info

Product

Resources

About