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Simulating housing prices in Lyon with UrbanSim: predictive capacity and sensitivity analysis

Aestimum

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Title Simulating housing prices in Lyon with UrbanSim: predictive capacity and sensitivity analysis
 
Creator Kryvobokov, Marko
Mercier, Aurélie
Bonnafous, Alain
Bouf, Dominique
 
Description Housing prices in the Lyon Urban Area are simulated with the land use framework UrbanSim interacting with transportation model. We focus on the Real Estate Price Model of the UrbanSim framework. This OLS regression model of housing prices is calibrated using a nine-year back-casting period. The calibrated model, applied in simulation, provides price dynamics similar to actual one in the centre of Lyon. Sensitivity analysis demonstrates the model’s ability to capture changes in employment accessibility on price dynamics. We conclude that the calibrated residential Real Estate Price Model from the UrbanSim application in Lyon is sensitive to changes in accessibility and provides good predictive capacity in the city centre, but underestimates prices in other areas.
 
Publisher Aestimum
Aestimum
 
Contributor
 
Date 2013-02-21
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion


 
Format application/pdf
 
Identifier http://www.fupress.net/index.php/ceset/article/view/12342
http://www.fupress.net/index.php/ceset/article/download/12342/11698
10.13128/Aestimum-12342
 
Source Aestimum; Aestimum 61 (2012); 133-144
Aestimum; Aestimum 61 (2012); 133-144
1724-2118
1592-6117
 
Language ita
 
Relation 10.13128/Aestimum-12342