Using GIS and large-scale digital data to implement hedonic pricing studies

Abstract

This paper describes how a standard GIS package can be used to convert large-scale vector digital data (point, line and annotation features) into polygons using standardised and replicable methods. Building area, garden and land use polygons are all derived from such data (Ordnance Survey LandLine.Plus). These entities are then combined with further sources of digital data to derive more refined information such as property types. Finally, complex DEMs are developed for use in visibility studies. The variables calculated are subsequently employed in a property valuation study where many are found to be significant determinants of property price. The main exception is variables relating to viewsheds, although it is argued that this does not invalidate the techniques used in their deviation but highlights the difficulties involved in modelling a large number of variables in a property price analysis.