K. Jones et N. Bullen, A MULTILEVEL ANALYSIS OF THE VARIATIONS IN DOMESTIC PROPERTY PRICES -SOUTHERN ENGLAND, 1980-87, Urban studies, 30(8), 1993, pp. 1409-1426
It is argued that previous research on spatial variations in domestic
property prices has failed to consider the multi-level nature of the p
roblem. In describing underlying temporal trends and spatial patterns
at the macro level, it is necessary to take account of the attributes
of individual properties at the micro level. As an empirical illustrat
ion of the general approach, a number of models are calibrated for Sou
thern England using sample data derived from building-society mortgage
s.