Ahlfeldt, G. & Mastro, A. (2012) Valuing Iconic Design: Frank Lloyd Wright Architecture in Oak Park, Illinois, Housing Studies, 27(8), pp. 1079–1099. http://dx.doi.org/10.1080/02673037.2012.728575
When the above article was published in Housing Studies issue 27.8, mistakes were introduced to the abstract. The correct abstract is as follows:
This study investigates the willingness of homebuyers to pay for co-location with iconic architecture. Oak Park, Illinois, was chosen as the study area given its unique claim of having 24 residential structures designed by world-famous American architect Frank Lloyd Wright, in addition to dozens of other designated landmarks and three preservation districts. This study adds to the limited body of existing literature on the external price effects of architectural design and is unique in its focus on residential architecture. We find a premium of about 8.5 per cent within 0–50m of the nearest Wright building and about 5 per cent within 50–250m. These results indicate that an external premium to iconic architecture does exist, although it may partially be attributable to the prominence of the architect.
Taylor & Francis apologises for this error.