1. The Housing Sector, Interest Rates and Unemployment Examined
... by Thorsnes (2002) indicated that proximity to forest areas resulted in residential lots closer to the forests achieved higher selling prices than those with a less favorable proximity. Further studies by Bond, Seiler and Seiler (2002), Bourassa, Hoesli and Sun (2003) and Yu, Han and Chai (2005) have also confirmed that a view provides a premium or greater value to residential property, ranging from ... 15% to a maximum of 89% as stated in the Bond, Seiler and Seiler (2002) study. All these studies have also confirmed that the actual amount of any premium for a view depends on the suppl...
- Word Count: 1565
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate